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.
Key characteristics
| NYMTN | QYLD | |
|---|---|---|
| YTD Return | 13.18% | 17.87% |
| 1Y Return | 23.88% | 22.18% |
| 3Y Return (Ann) | 5.24% | 5.26% |
| 5Y Return (Ann) | 7.21% | 7.51% |
| Sharpe Ratio | 2.03 | 2.21 |
| Sortino Ratio | 2.92 | 3.03 |
| Omega Ratio | 1.39 | 1.54 |
| Calmar Ratio | 2.58 | 2.86 |
| Martin Ratio | 8.36 | 15.74 |
| Ulcer Index | 3.04% | 1.41% |
| Daily Std Dev | 12.50% | 10.06% |
| Max Drawdown | -85.37% | -24.89% |
| Current Drawdown | -3.82% | -0.22% |
Correlation
The correlation between NYMTN and QYLD 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
NYMTN vs. QYLD - Performance Comparison
In the year-to-date period, NYMTN achieves a 13.18% return, which is significantly lower than QYLD's 17.87% 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
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.
Dividends
NYMTN vs. QYLD - Dividend Comparison
NYMTN's dividend yield for the trailing twelve months is around 8.84%, less than QYLD's 11.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NYMTN New York Mortgage Trust, Inc. | 8.84% | 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 | 11.27% | 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 -24.89%. Use the drawdown chart below to compare losses from any high point for NYMTN and QYLD. For additional features, visit the drawdowns tool.
Volatility
NYMTN vs. QYLD - Volatility Comparison
The current volatility for New York Mortgage Trust, Inc. (NYMTN) is 2.06%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.56%. This indicates that NYMTN experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.