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.
Correlation
The correlation between NYMT and QYLD is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NYMT vs. QYLD - Performance Comparison
Key characteristics
NYMT:
0.72
QYLD:
0.29
NYMT:
1.09
QYLD:
0.56
NYMT:
1.13
QYLD:
1.10
NYMT:
0.26
QYLD:
0.30
NYMT:
2.42
QYLD:
1.12
NYMT:
9.08%
QYLD:
5.02%
NYMT:
34.53%
QYLD:
19.08%
NYMT:
-97.94%
QYLD:
-24.75%
NYMT:
-80.81%
QYLD:
-10.47%
Returns By Period
In the year-to-date period, NYMT achieves a 12.03% return, which is significantly higher than QYLD's -6.43% return. Over the past 10 years, NYMT has underperformed QYLD with an annualized return of -2.92%, while QYLD has yielded a comparatively higher 7.58% annualized return.
NYMT
12.03%
22.30%
19.32%
24.65%
8.32%
-2.92%
QYLD
-6.43%
10.62%
-5.30%
5.58%
8.28%
7.58%
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Risk-Adjusted Performance
NYMT vs. QYLD — Risk-Adjusted Performance Rank
NYMT
QYLD
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 12.16%, less than QYLD's 13.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYMT New York Mortgage Trust, Inc. | 12.16% | 13.20% | 14.07% | 15.62% | 10.75% | 6.10% | 12.84% | 13.58% | 12.97% | 14.55% | 19.14% | 14.01% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.75% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
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 -24.75%. 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 13.76% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 11.76%. 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.