NAD vs. RYLD
Compare and contrast key facts about Nuveen Quality Municipal Income Fund (NAD) and Global X Russell 2000 Covered Call ETF (RYLD).
RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAD or RYLD.
Correlation
The correlation between NAD and RYLD is 0.19, 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
NAD vs. RYLD - Performance Comparison
Key characteristics
NAD:
0.97
RYLD:
1.06
NAD:
1.35
RYLD:
1.51
NAD:
1.17
RYLD:
1.22
NAD:
0.34
RYLD:
0.63
NAD:
4.53
RYLD:
6.47
NAD:
1.86%
RYLD:
1.73%
NAD:
8.72%
RYLD:
10.52%
NAD:
-44.83%
RYLD:
-41.52%
NAD:
-16.73%
RYLD:
-7.16%
Returns By Period
In the year-to-date period, NAD achieves a 7.09% return, which is significantly lower than RYLD's 9.56% return.
NAD
7.09%
-3.41%
1.71%
8.61%
0.29%
3.15%
RYLD
9.56%
-0.00%
8.74%
10.25%
3.04%
N/A
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Risk-Adjusted Performance
NAD vs. RYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Quality Municipal Income Fund (NAD) and Global X Russell 2000 Covered Call ETF (RYLD). 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
NAD vs. RYLD - Dividend Comparison
NAD's dividend yield for the trailing twelve months is around 6.76%, less than RYLD's 11.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAD Nuveen Quality Municipal Income Fund | 6.76% | 4.14% | 5.62% | 4.47% | 4.43% | 4.44% | 5.42% | 5.42% | 6.07% | 5.97% | 6.20% | 7.10% |
RYLD Global X Russell 2000 Covered Call ETF | 11.98% | 12.65% | 13.50% | 12.35% | 10.77% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NAD vs. RYLD - Drawdown Comparison
The maximum NAD drawdown since its inception was -44.83%, which is greater than RYLD's maximum drawdown of -41.52%. Use the drawdown chart below to compare losses from any high point for NAD and RYLD. For additional features, visit the drawdowns tool.
Volatility
NAD vs. RYLD - Volatility Comparison
The current volatility for Nuveen Quality Municipal Income Fund (NAD) is 2.90%, while Global X Russell 2000 Covered Call ETF (RYLD) has a volatility of 3.56%. This indicates that NAD experiences smaller price fluctuations and is considered to be less risky than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.