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 0.13, 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
Key characteristics
MVO:
-0.69
QYLD:
1.97
MVO:
-0.84
QYLD:
2.69
MVO:
0.90
QYLD:
1.48
MVO:
-0.59
QYLD:
2.65
MVO:
-1.31
QYLD:
14.19
MVO:
16.51%
QYLD:
1.45%
MVO:
31.11%
QYLD:
10.40%
MVO:
-89.58%
QYLD:
-24.75%
MVO:
-35.43%
QYLD:
0.00%
Returns By Period
In the year-to-date period, MVO achieves a -21.09% return, which is significantly lower than QYLD's 19.32% return. Over the past 10 years, MVO has underperformed QYLD with an annualized return of 6.87%, while QYLD has yielded a comparatively higher 8.52% annualized return.
MVO
-21.09%
-9.80%
-3.97%
-21.48%
21.13%
6.87%
QYLD
19.32%
3.00%
10.81%
19.98%
7.37%
8.52%
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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 18.74%, more than QYLD's 11.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 18.74% | 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 | 11.35% | 11.78% | 13.75% | 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 -24.75%. 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 10.58% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.64%. 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.