Correlation
The correlation between QQCL.TO and QYLD is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
QQCL.TO vs. QYLD
Compare and contrast key facts about Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) and Global X NASDAQ 100 Covered Call ETF (QYLD).
QQCL.TO and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023. 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: QQCL.TO or QYLD.
Performance
QQCL.TO vs. QYLD - Performance Comparison
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Key characteristics
QQCL.TO:
0.58
QYLD:
0.30
QQCL.TO:
0.93
QYLD:
0.57
QQCL.TO:
1.13
QYLD:
1.10
QQCL.TO:
0.56
QYLD:
0.30
QQCL.TO:
1.86
QYLD:
1.03
QQCL.TO:
7.78%
QYLD:
5.57%
QQCL.TO:
27.00%
QYLD:
19.16%
QQCL.TO:
-25.63%
QYLD:
-24.75%
QQCL.TO:
-9.96%
QYLD:
-9.73%
Returns By Period
The year-to-date returns for both investments are quite close, with QQCL.TO having a -5.73% return and QYLD slightly higher at -5.65%.
QQCL.TO
-5.73%
7.57%
-2.35%
15.57%
N/A
N/A
N/A
QYLD
-5.65%
1.38%
-3.65%
5.77%
9.42%
7.90%
7.63%
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QQCL.TO vs. QYLD - Expense Ratio Comparison
QQCL.TO has a 0.85% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
QQCL.TO vs. QYLD — Risk-Adjusted Performance Rank
QQCL.TO
QYLD
QQCL.TO vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) 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.
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Dividends
QQCL.TO vs. QYLD - Dividend Comparison
QQCL.TO's dividend yield for the trailing twelve months is around 13.94%, more than QYLD's 13.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 13.94% | 11.87% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.79% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
QQCL.TO vs. QYLD - Drawdown Comparison
The maximum QQCL.TO drawdown since its inception was -25.63%, roughly equal to the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for QQCL.TO and QYLD.
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Volatility
QQCL.TO vs. QYLD - Volatility Comparison
Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a higher volatility of 6.46% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that QQCL.TO's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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