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.
Key characteristics
| MVO | QYLD | |
|---|---|---|
| YTD Return | -15.29% | 12.35% |
| 1Y Return | -22.22% | 17.55% |
| 3Y Return (Ann) | 22.33% | 4.31% |
| 5Y Return (Ann) | 19.23% | 7.17% |
| 10Y Return (Ann) | 2.18% | 7.59% |
| Sharpe Ratio | -0.67 | 1.62 |
| Daily Std Dev | 30.90% | 10.79% |
| Max Drawdown | -89.58% | -24.89% |
| Current Drawdown | -30.70% | -0.06% |
Correlation
The correlation between MVO and QYLD is 0.13, 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
In the year-to-date period, MVO achieves a -15.29% return, which is significantly lower than QYLD's 12.35% return. Over the past 10 years, MVO has underperformed QYLD with an annualized return of 2.18%, while QYLD has yielded a comparatively higher 7.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 17.44%, more than QYLD's 10.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 17.44% | 12.15% | 13.59% | 11.16% | 15.71% | 16.75% | 20.29% | 8.57% | 6.42% | 26.18% | 23.30% | 13.55% |
QYLD Global X NASDAQ 100 Covered Call ETF | 10.49% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
MVO vs. QYLD - Drawdown Comparison
The maximum MVO drawdown since its inception was -89.58%, which is greater than QYLD's maximum drawdown of -24.89%. 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) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 4.16% and 4.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.