ORC vs. QYLG
Compare and contrast key facts about Orchid Island Capital, Inc. (ORC) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG).
QYLG is a passively managed fund by Global X that tracks the performance of the CBOE Nasdaq-100 BuyWrite V2 Index. It was launched on Sep 18, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ORC or QYLG.
Key characteristics
| ORC | QYLG | |
|---|---|---|
| YTD Return | 8.61% | 8.10% |
| 1Y Return | 4.59% | 25.54% |
| 3Y Return (Ann) | -19.06% | 10.50% |
| Sharpe Ratio | 0.18 | 2.12 |
| Daily Std Dev | 31.05% | 12.22% |
| Max Drawdown | -75.77% | -30.12% |
| Current Drawdown | -54.86% | 0.00% |
Correlation
The correlation between ORC and QYLG is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ORC vs. QYLG - Performance Comparison
In the year-to-date period, ORC achieves a 8.61% return, which is significantly higher than QYLG's 8.10% 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
ORC vs. QYLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Orchid Island Capital, Inc. (ORC) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). 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
ORC vs. QYLG - Dividend Comparison
ORC's dividend yield for the trailing twelve months is around 18.94%, more than QYLG's 5.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORC Orchid Island Capital, Inc. | 18.94% | 21.35% | 23.57% | 17.33% | 15.13% | 16.41% | 16.74% | 18.10% | 15.51% | 19.34% | 16.55% | 10.73% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 5.51% | 5.43% | 6.51% | 15.18% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ORC vs. QYLG - Drawdown Comparison
The maximum ORC drawdown since its inception was -75.77%, which is greater than QYLG's maximum drawdown of -30.12%. Use the drawdown chart below to compare losses from any high point for ORC and QYLG. For additional features, visit the drawdowns tool.
Volatility
ORC vs. QYLG - Volatility Comparison
Orchid Island Capital, Inc. (ORC) has a higher volatility of 6.99% compared to Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) at 3.78%. This indicates that ORC's price experiences larger fluctuations and is considered to be riskier than QYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.