NYMT vs. QYLD
Compare and contrast key facts about New York Mortgage Trust, Inc. (NYMT) 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: NYMT or QYLD.
Key characteristics
| NYMT | QYLD | |
|---|---|---|
| YTD Return | -23.82% | 17.87% |
| 1Y Return | -21.32% | 22.18% |
| 3Y Return (Ann) | -19.76% | 5.26% |
| 5Y Return (Ann) | -16.14% | 7.51% |
| 10Y Return (Ann) | -4.35% | 8.43% |
| Sharpe Ratio | -0.59 | 2.21 |
| Sortino Ratio | -0.61 | 3.03 |
| Omega Ratio | 0.92 | 1.54 |
| Calmar Ratio | -0.23 | 2.86 |
| Martin Ratio | -0.79 | 15.74 |
| Ulcer Index | 25.55% | 1.41% |
| Daily Std Dev | 34.06% | 10.06% |
| Max Drawdown | -97.94% | -24.89% |
| Current Drawdown | -83.83% | -0.22% |
Correlation
The correlation between NYMT and QYLD is 0.31, 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
NYMT vs. QYLD - Performance Comparison
In the year-to-date period, NYMT achieves a -23.82% return, which is significantly lower than QYLD's 17.87% return. Over the past 10 years, NYMT has underperformed QYLD with an annualized return of -4.35%, while QYLD has yielded a comparatively higher 8.43% 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
NYMT vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New York Mortgage Trust, Inc. (NYMT) 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
NYMT vs. QYLD - Dividend Comparison
NYMT's dividend yield for the trailing twelve months is around 13.51%, more than QYLD's 11.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYMT New York Mortgage Trust, Inc. | 13.51% | 14.07% | 15.62% | 10.75% | 6.10% | 12.84% | 13.58% | 12.97% | 14.55% | 19.14% | 14.01% | 15.45% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.27% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
NYMT vs. QYLD - Drawdown Comparison
The maximum NYMT drawdown since its inception was -97.94%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for NYMT and QYLD. For additional features, visit the drawdowns tool.
Volatility
NYMT vs. QYLD - Volatility Comparison
New York Mortgage Trust, Inc. (NYMT) has a higher volatility of 9.46% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.56%. This indicates that NYMT'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.