Correlation
The correlation between MHI and QYLD is 0.14, 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.
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.
Performance
MHI vs. QYLD - Performance Comparison
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Key characteristics
MHI:
0.84
QYLD:
0.34
MHI:
1.14
QYLD:
0.56
MHI:
1.15
QYLD:
1.10
MHI:
0.34
QYLD:
0.30
MHI:
2.99
QYLD:
1.01
MHI:
2.68%
QYLD:
5.60%
MHI:
10.33%
QYLD:
19.16%
MHI:
-89.83%
QYLD:
-24.75%
MHI:
-16.70%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, MHI achieves a 1.15% return, which is significantly higher than QYLD's -5.59% return. Over the past 10 years, MHI has underperformed QYLD with an annualized return of 1.68%, while QYLD has yielded a comparatively higher 7.67% annualized return.
MHI
1.15%
1.15%
-2.28%
8.14%
2.12%
0.35%
1.68%
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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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.
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Dividends
MHI vs. QYLD - Dividend Comparison
MHI's dividend yield for the trailing twelve months is around 4.57%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHI Pioneer Municipal High Income Fund, Inc. | 4.57% | 4.36% | 4.58% | 5.94% | 4.43% | 4.47% | 5.01% | 5.80% | 5.05% | 6.57% | 6.89% | 7.97% |
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
MHI vs. QYLD - Drawdown Comparison
The maximum MHI drawdown since its inception was -89.83%, 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.
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Volatility
MHI vs. QYLD - Volatility Comparison
Pioneer Municipal High Income Fund, Inc. (MHI) has a higher volatility of 3.88% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. 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.
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