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:
1.58
QYLD:
1.81
OXLC:
2.20
QYLD:
2.49
OXLC:
1.32
QYLD:
1.42
OXLC:
1.43
QYLD:
2.51
OXLC:
8.46
QYLD:
13.32
OXLC:
2.56%
QYLD:
1.46%
OXLC:
13.69%
QYLD:
10.73%
OXLC:
-74.58%
QYLD:
-24.75%
OXLC:
-0.20%
QYLD:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with OXLC having a 4.41% return and QYLD slightly lower at 4.29%. Over the past 10 years, OXLC has underperformed QYLD with an annualized return of 7.50%, while QYLD has yielded a comparatively higher 8.96% annualized return.
OXLC
4.41%
2.38%
6.75%
22.37%
6.19%
7.50%
QYLD
4.29%
2.27%
11.73%
20.61%
7.96%
8.96%
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Risk-Adjusted Performance
OXLC vs. QYLD — Risk-Adjusted Performance Rank
OXLC
QYLD
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 20.35%, more than QYLD's 11.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 20.35% | 20.12% | 18.83% | 17.75% | 10.58% | 22.51% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.21% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
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
The current volatility for Oxford Lane Capital Corp. (OXLC) is 1.92%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.27%. This indicates that OXLC 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.