OXLC vs. QYLD
Compare and contrast key facts about Oxford Lane Capital Corp. (OXLC) 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: OXLC or QYLD.
Correlation
The correlation between OXLC and QYLD is 0.26, 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
OXLC vs. QYLD - Performance Comparison
Key characteristics
OXLC:
1.86
QYLD:
1.97
OXLC:
2.57
QYLD:
2.69
OXLC:
1.37
QYLD:
1.48
OXLC:
1.31
QYLD:
2.65
OXLC:
9.71
QYLD:
14.19
OXLC:
2.77%
QYLD:
1.45%
OXLC:
14.46%
QYLD:
10.40%
OXLC:
-74.58%
QYLD:
-24.75%
OXLC:
-3.92%
QYLD:
0.00%
Returns By Period
In the year-to-date period, OXLC achieves a 24.34% return, which is significantly higher than QYLD's 19.32% return. Over the past 10 years, OXLC has underperformed QYLD with an annualized return of 7.58%, while QYLD has yielded a comparatively higher 8.52% annualized return.
OXLC
24.34%
-1.37%
3.92%
25.87%
7.94%
7.58%
QYLD
19.32%
3.00%
10.81%
19.98%
7.37%
8.52%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
OXLC vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLC) 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
OXLC vs. QYLD - Dividend Comparison
OXLC's dividend yield for the trailing twelve months is around 20.16%, more than QYLD's 11.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 20.16% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.69% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.35% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
OXLC vs. QYLD - Drawdown Comparison
The maximum OXLC drawdown since its inception was -74.58%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for OXLC and QYLD. For additional features, visit the drawdowns tool.
Volatility
OXLC vs. QYLD - Volatility Comparison
Oxford Lane Capital Corp. (OXLC) has a higher volatility of 2.30% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.64%. This indicates that OXLC'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.