Correlation
The correlation between JGH and QYLD is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
JGH vs. QYLD
Compare and contrast key facts about Nuveen Global High Income Fund (JGH) and Global X NASDAQ 100 Covered Call ETF (QYLD).
JGH is managed by Nuveen. It was launched on Nov 24, 2014. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JGH or QYLD.
Performance
JGH vs. QYLD - Performance Comparison
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Key characteristics
JGH:
0.93
QYLD:
0.34
JGH:
1.16
QYLD:
0.56
JGH:
1.20
QYLD:
1.10
JGH:
0.86
QYLD:
0.30
JGH:
3.39
QYLD:
1.01
JGH:
3.45%
QYLD:
5.60%
JGH:
13.23%
QYLD:
19.16%
JGH:
-43.79%
QYLD:
-24.75%
JGH:
-3.10%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, JGH achieves a 2.82% return, which is significantly higher than QYLD's -5.59% return. Over the past 10 years, JGH has underperformed QYLD with an annualized return of 6.47%, while QYLD has yielded a comparatively higher 7.67% annualized return.
JGH
2.82%
2.69%
0.05%
11.18%
11.22%
9.50%
6.47%
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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JGH vs. QYLD - Expense Ratio Comparison
JGH has a 1.68% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
JGH vs. QYLD — Risk-Adjusted Performance Rank
JGH
QYLD
JGH vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Global High Income Fund (JGH) and Global X NASDAQ 100 Covered Call ETF (QYLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
JGH vs. QYLD - Dividend Comparison
JGH's dividend yield for the trailing twelve months is around 9.80%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGH Nuveen Global High Income Fund | 9.80% | 9.67% | 10.18% | 12.05% | 8.19% | 7.13% | 7.53% | 9.88% | 8.52% | 9.61% | 11.44% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.78% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
JGH vs. QYLD - Drawdown Comparison
The maximum JGH drawdown since its inception was -43.79%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for JGH and QYLD.
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Volatility
JGH vs. QYLD - Volatility Comparison
Nuveen Global High Income Fund (JGH) has a higher volatility of 2.71% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that JGH's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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