Correlation
The correlation between NYMTN and QYLD is 0.27, 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.
NYMTN vs. QYLD
Compare and contrast key facts about New York Mortgage Trust, Inc. (NYMTN) 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: NYMTN or QYLD.
Performance
NYMTN vs. QYLD - Performance Comparison
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Key characteristics
NYMTN:
0.61
QYLD:
0.35
NYMTN:
1.04
QYLD:
0.61
NYMTN:
1.14
QYLD:
1.10
NYMTN:
0.88
QYLD:
0.33
NYMTN:
2.99
QYLD:
1.12
NYMTN:
3.28%
QYLD:
5.64%
NYMTN:
14.57%
QYLD:
19.19%
NYMTN:
-85.37%
QYLD:
-24.75%
NYMTN:
-4.99%
QYLD:
-9.28%
Returns By Period
In the year-to-date period, NYMTN achieves a -3.27% return, which is significantly higher than QYLD's -5.19% return.
NYMTN
-3.27%
-2.63%
-0.54%
8.85%
8.40%
13.29%
N/A
QYLD
-5.19%
1.44%
-3.60%
6.66%
9.52%
7.86%
7.72%
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Risk-Adjusted Performance
NYMTN vs. QYLD — Risk-Adjusted Performance Rank
NYMTN
QYLD
NYMTN vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New York Mortgage Trust, Inc. (NYMTN) 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.
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Dividends
NYMTN vs. QYLD - Dividend Comparison
NYMTN's dividend yield for the trailing twelve months is around 9.32%, less than QYLD's 13.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYMTN New York Mortgage Trust, Inc. | 9.32% | 8.80% | 9.35% | 11.36% | 7.84% | 8.80% | 7.96% | 9.13% | 2.07% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.72% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
NYMTN vs. QYLD - Drawdown Comparison
The maximum NYMTN drawdown since its inception was -85.37%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for NYMTN and QYLD.
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Volatility
NYMTN vs. QYLD - Volatility Comparison
New York Mortgage Trust, Inc. (NYMTN) has a higher volatility of 4.20% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.93%. This indicates that NYMTN'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.
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