PEX vs. QYLD
Compare and contrast key facts about ProShares Global Listed Private Equity ETF (PEX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
PEX and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013. 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. Both PEX and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEX or QYLD.
Performance
PEX vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, PEX achieves a 11.08% return, which is significantly lower than QYLD's 16.23% return. Over the past 10 years, PEX has underperformed QYLD with an annualized return of 6.46%, while QYLD has yielded a comparatively higher 8.46% annualized return.
PEX
11.08%
-0.07%
3.54%
19.81%
6.01%
6.46%
QYLD
16.23%
0.51%
9.61%
19.69%
7.34%
8.46%
Key characteristics
| PEX | QYLD | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.92 |
| Sortino Ratio | 2.26 | 2.61 |
| Omega Ratio | 1.29 | 1.46 |
| Calmar Ratio | 1.19 | 2.57 |
| Martin Ratio | 9.98 | 13.85 |
| Ulcer Index | 2.05% | 1.44% |
| Daily Std Dev | 12.24% | 10.35% |
| Max Drawdown | -49.17% | -24.75% |
| Current Drawdown | -1.31% | -1.61% |
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PEX vs. QYLD - Expense Ratio Comparison
PEX has a 3.13% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Correlation
The correlation between PEX and QYLD is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PEX vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) 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
PEX vs. QYLD - Dividend Comparison
PEX's dividend yield for the trailing twelve months is around 13.76%, more than QYLD's 11.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | 13.76% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 4.32% | 12.50% | 6.28% | 9.05% |
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
PEX vs. QYLD - Drawdown Comparison
The maximum PEX drawdown since its inception was -49.17%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for PEX and QYLD. For additional features, visit the drawdowns tool.
Volatility
PEX vs. QYLD - Volatility Comparison
ProShares Global Listed Private Equity ETF (PEX) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 3.50% 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.