MVO vs. QYLD
Compare and contrast key facts about MV Oil Trust (MVO) 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: MVO or QYLD.
Correlation
The correlation between MVO 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
MVO vs. QYLD - Performance Comparison
Key characteristics
MVO:
-1.21
QYLD:
1.81
MVO:
-1.75
QYLD:
2.49
MVO:
0.77
QYLD:
1.42
MVO:
-0.75
QYLD:
2.51
MVO:
-2.31
QYLD:
13.30
MVO:
19.27%
QYLD:
1.46%
MVO:
36.82%
QYLD:
10.75%
MVO:
-89.59%
QYLD:
-24.75%
MVO:
-56.06%
QYLD:
0.00%
Returns By Period
In the year-to-date period, MVO achieves a -30.60% return, which is significantly lower than QYLD's 4.18% return. Over the past 10 years, MVO has underperformed QYLD with an annualized return of 1.86%, while QYLD has yielded a comparatively higher 8.96% annualized return.
MVO
-30.60%
-36.38%
-38.63%
-46.91%
15.48%
1.86%
QYLD
4.18%
2.55%
12.30%
19.31%
7.59%
8.96%
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Risk-Adjusted Performance
MVO vs. QYLD — Risk-Adjusted Performance Rank
MVO
QYLD
MVO vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MV Oil Trust (MVO) 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
MVO vs. QYLD - Dividend Comparison
MVO's dividend yield for the trailing twelve months is around 24.17%, more than QYLD's 12.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 24.17% | 19.12% | 12.15% | 13.59% | 11.16% | 15.71% | 16.75% | 20.29% | 8.57% | 6.42% | 26.18% | 23.30% |
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
MVO vs. QYLD - Drawdown Comparison
The maximum MVO drawdown since its inception was -89.59%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for MVO and QYLD. For additional features, visit the drawdowns tool.
Volatility
MVO vs. QYLD - Volatility Comparison
MV Oil Trust (MVO) has a higher volatility of 19.68% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.32%. This indicates that MVO'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.