OCCI vs. QYLD
Compare and contrast key facts about OFS Credit Company, Inc. (OCCI) 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: OCCI or QYLD.
Correlation
The correlation between OCCI and QYLD is 0.24, 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
OCCI vs. QYLD - Performance Comparison
Key characteristics
OCCI:
0.70
QYLD:
0.36
OCCI:
1.18
QYLD:
0.65
OCCI:
1.17
QYLD:
1.11
OCCI:
0.59
QYLD:
0.36
OCCI:
3.45
QYLD:
1.40
OCCI:
4.68%
QYLD:
4.89%
OCCI:
23.09%
QYLD:
19.11%
OCCI:
-66.45%
QYLD:
-24.75%
OCCI:
-11.54%
QYLD:
-10.58%
Returns By Period
In the year-to-date period, OCCI achieves a 1.46% return, which is significantly higher than QYLD's -6.54% return.
OCCI
1.46%
17.03%
5.81%
14.35%
18.78%
N/A
QYLD
-6.54%
8.74%
-3.01%
5.75%
8.44%
7.60%
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Risk-Adjusted Performance
OCCI vs. QYLD — Risk-Adjusted Performance Rank
OCCI
QYLD
OCCI vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OFS Credit Company, Inc. (OCCI) 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
OCCI vs. QYLD - Dividend Comparison
OCCI's dividend yield for the trailing twelve months is around 20.00%, more than QYLD's 13.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCCI OFS Credit Company, Inc. | 20.00% | 18.14% | 30.19% | 27.09% | 16.28% | 18.04% | 13.21% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.76% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
OCCI vs. QYLD - Drawdown Comparison
The maximum OCCI drawdown since its inception was -66.45%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for OCCI and QYLD. For additional features, visit the drawdowns tool.
Volatility
OCCI vs. QYLD - Volatility Comparison
OFS Credit Company, Inc. (OCCI) has a higher volatility of 15.87% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 13.58%. This indicates that OCCI'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.