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:
1.52
QYLD:
1.95
OXLC:
2.13
QYLD:
2.68
OXLC:
1.30
QYLD:
1.46
OXLC:
1.39
QYLD:
2.67
OXLC:
7.59
QYLD:
14.20
OXLC:
2.88%
QYLD:
1.46%
OXLC:
14.36%
QYLD:
10.63%
OXLC:
-74.59%
QYLD:
-24.75%
OXLC:
-1.83%
QYLD:
0.00%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with OXLC at 1.98% and QYLD at 1.98%. Over the past 10 years, OXLC has underperformed QYLD with an annualized return of 7.60%, while QYLD has yielded a comparatively higher 8.84% annualized return.
OXLC
1.98%
2.18%
0.22%
21.37%
5.98%
7.60%
QYLD
1.98%
2.01%
11.03%
18.57%
7.47%
8.84%
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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 20.28%, more than QYLD's 12.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 20.28% | 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 | 11.29% | 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 -74.59%, 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 2.95%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 3.26%. 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.