OXLC vs. QYLG
Compare and contrast key facts about Oxford Lane Capital Corp. (OXLC) 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: OXLC or QYLG.
Key characteristics
| OXLC | QYLG | |
|---|---|---|
| YTD Return | 17.69% | 8.06% |
| 1Y Return | 24.77% | 23.92% |
| 3Y Return (Ann) | 7.71% | 10.69% |
| Sharpe Ratio | 1.44 | 2.09 |
| Daily Std Dev | 16.33% | 12.22% |
| Max Drawdown | -74.58% | -30.12% |
| Current Drawdown | -5.27% | -0.03% |
Correlation
The correlation between OXLC and QYLG is 0.34, 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. QYLG - Performance Comparison
In the year-to-date period, OXLC achieves a 17.69% return, which is significantly higher than QYLG's 8.06% 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
OXLC vs. QYLG - 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 & 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
OXLC vs. QYLG - Dividend Comparison
OXLC's dividend yield for the trailing twelve months is around 17.75%, more than QYLG's 5.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 17.75% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.61% |
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
OXLC vs. QYLG - Drawdown Comparison
The maximum OXLC drawdown since its inception was -74.58%, which is greater than QYLG's maximum drawdown of -30.12%. Use the drawdown chart below to compare losses from any high point for OXLC and QYLG. For additional features, visit the drawdowns tool.
Volatility
OXLC vs. QYLG - Volatility Comparison
The current volatility for Oxford Lane Capital Corp. (OXLC) is 3.51%, while Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a volatility of 3.76%. This indicates that OXLC experiences smaller price fluctuations and is considered to be less risky than QYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.