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.
Performance
OXLC vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, OXLC achieves a 25.83% return, which is significantly higher than QYLD's 16.23% return. Over the past 10 years, OXLC has underperformed QYLD with an annualized return of 6.93%, while QYLD has yielded a comparatively higher 8.46% annualized return.
OXLC
25.83%
1.51%
6.52%
28.67%
8.38%
6.93%
QYLD
16.23%
0.51%
9.61%
19.69%
7.34%
8.46%
Key characteristics
| OXLC | QYLD | |
|---|---|---|
| Sharpe Ratio | 1.83 | 1.92 |
| Sortino Ratio | 2.53 | 2.61 |
| Omega Ratio | 1.35 | 1.46 |
| Calmar Ratio | 1.22 | 2.57 |
| Martin Ratio | 9.87 | 13.85 |
| Ulcer Index | 2.75% | 1.44% |
| Daily Std Dev | 14.79% | 10.35% |
| Max Drawdown | -74.59% | -24.75% |
| Current Drawdown | -2.77% | -1.61% |
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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.
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 19.39%, more than QYLD's 11.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 19.39% | 18.83% | 17.75% | 10.58% | 22.51% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.69% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.65% | 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 -74.59%, 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
Oxford Lane Capital Corp. (OXLC) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 3.36% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.