QQA vs. QYLE
Compare and contrast key facts about Invesco QQQ Income Advantage ETF (QQA) and Global X NASDAQ 100 ESG Covered Call ETF (QYLE).
QQA and QYLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQA is an actively managed fund by Invesco. It was launched on Jul 17, 2024. QYLE is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 ESG BuyWrite Index - Benchmark TR Gross. It was launched on Feb 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQA or QYLE.
Correlation
The correlation between QQA and QYLE is 0.60, 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.
Performance
QQA vs. QYLE - Performance Comparison
Key characteristics
QQA:
17.37%
QYLE:
12.08%
QQA:
-8.41%
QYLE:
-8.47%
QQA:
0.00%
QYLE:
-0.41%
Returns By Period
In the year-to-date period, QQA achieves a 4.38% return, which is significantly higher than QYLE's 2.71% return.
QQA
4.38%
2.85%
12.68%
N/A
N/A
N/A
QYLE
2.71%
0.62%
11.78%
21.09%
N/A
N/A
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QQA vs. QYLE - Expense Ratio Comparison
QQA has a 0.29% expense ratio, which is lower than QYLE's 0.61% expense ratio.
Risk-Adjusted Performance
QQA vs. QYLE — Risk-Adjusted Performance Rank
QQA
QYLE
QQA vs. QYLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and Global X NASDAQ 100 ESG Covered Call ETF (QYLE). 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.
Not enough dataDividends
QQA vs. QYLE - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 4.98%, less than QYLE's 18.25% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 4.98% | 4.29% | 0.00% |
QYLE Global X NASDAQ 100 ESG Covered Call ETF | 18.25% | 18.53% | 10.07% |
Drawdowns
QQA vs. QYLE - Drawdown Comparison
The maximum QQA drawdown since its inception was -8.41%, roughly equal to the maximum QYLE drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for QQA and QYLE. For additional features, visit the drawdowns tool.
Volatility
QQA vs. QYLE - Volatility Comparison
Invesco QQQ Income Advantage ETF (QQA) has a higher volatility of 4.31% compared to Global X NASDAQ 100 ESG Covered Call ETF (QYLE) at 2.50%. This indicates that QQA's price experiences larger fluctuations and is considered to be riskier than QYLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.