Correlation
The correlation between NLCP and XDTE is 0.08, 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.
NLCP vs. XDTE
Compare and contrast key facts about NewLake Capital Partners, Inc. (NLCP) and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).
XDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NLCP or XDTE.
Performance
NLCP vs. XDTE - Performance Comparison
Loading data...
Key characteristics
NLCP:
-0.62
XDTE:
0.62
NLCP:
-0.83
XDTE:
0.80
NLCP:
0.90
XDTE:
1.12
NLCP:
-0.39
XDTE:
0.49
NLCP:
-1.17
XDTE:
1.63
NLCP:
15.33%
XDTE:
5.72%
NLCP:
26.74%
XDTE:
16.80%
NLCP:
-58.59%
XDTE:
-19.09%
NLCP:
-37.81%
XDTE:
-7.16%
Returns By Period
In the year-to-date period, NLCP achieves a -15.78% return, which is significantly lower than XDTE's -3.14% return.
NLCP
-15.78%
0.49%
-20.28%
-16.81%
-1.27%
N/A
N/A
XDTE
-3.14%
6.23%
-5.50%
9.69%
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NLCP vs. XDTE — Risk-Adjusted Performance Rank
NLCP
XDTE
NLCP vs. XDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NewLake Capital Partners, Inc. (NLCP) and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.
Loading data...
Dividends
NLCP vs. XDTE - Dividend Comparison
NLCP's dividend yield for the trailing twelve months is around 12.01%, less than XDTE's 31.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
NLCP NewLake Capital Partners, Inc. | 12.01% | 9.71% | 9.81% | 8.99% | 1.50% |
XDTE Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF | 31.48% | 20.35% | 0.00% | 0.00% | 0.00% |
Drawdowns
NLCP vs. XDTE - Drawdown Comparison
The maximum NLCP drawdown since its inception was -58.59%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for NLCP and XDTE.
Loading data...
Volatility
NLCP vs. XDTE - Volatility Comparison
NewLake Capital Partners, Inc. (NLCP) has a higher volatility of 6.08% compared to Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 4.54%. This indicates that NLCP's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...