MHI vs. QYLD
Compare and contrast key facts about Pioneer Municipal High Income Fund, Inc. (MHI) and Global X NASDAQ 100 Covered Call ETF (QYLD).
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: MHI or QYLD.
Correlation
The correlation between MHI and QYLD is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MHI vs. QYLD - Performance Comparison
Key characteristics
MHI:
1.52
QYLD:
1.81
MHI:
2.17
QYLD:
2.49
MHI:
1.27
QYLD:
1.42
MHI:
0.49
QYLD:
2.51
MHI:
7.57
QYLD:
13.30
MHI:
1.71%
QYLD:
1.46%
MHI:
8.52%
QYLD:
10.75%
MHI:
-90.00%
QYLD:
-24.75%
MHI:
-15.71%
QYLD:
0.00%
Returns By Period
In the year-to-date period, MHI achieves a 2.22% return, which is significantly lower than QYLD's 4.18% return. Over the past 10 years, MHI has underperformed QYLD with an annualized return of 0.88%, while QYLD has yielded a comparatively higher 8.96% annualized return.
MHI
2.22%
0.43%
2.13%
12.48%
-0.89%
0.88%
QYLD
4.18%
2.16%
11.61%
19.91%
7.57%
8.96%
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Risk-Adjusted Performance
MHI vs. QYLD — Risk-Adjusted Performance Rank
MHI
QYLD
MHI vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Municipal High Income Fund, Inc. (MHI) 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.
Dividends
MHI vs. QYLD - Dividend Comparison
MHI's dividend yield for the trailing twelve months is around 4.07%, less than QYLD's 12.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHI Pioneer Municipal High Income Fund, Inc. | 4.07% | 4.37% | 4.65% | 5.97% | 4.46% | 4.47% | 5.01% | 5.80% | 5.05% | 6.57% | 6.89% | 7.97% |
QYLD Global X NASDAQ 100 Covered Call ETF | 12.17% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
MHI vs. QYLD - Drawdown Comparison
The maximum MHI drawdown since its inception was -90.00%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for MHI and QYLD. For additional features, visit the drawdowns tool.
Volatility
MHI vs. QYLD - Volatility Comparison
Pioneer Municipal High Income Fund, Inc. (MHI) has a higher volatility of 2.48% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.32%. This indicates that MHI'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.