QQQX vs. QYLD
Compare and contrast key facts about Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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: QQQX or QYLD.
Correlation
The correlation between QQQX and QYLD is 0.78, 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.
Performance
QQQX vs. QYLD - Performance Comparison
Key characteristics
QQQX:
0.54
QYLD:
0.35
QQQX:
0.88
QYLD:
0.64
QQQX:
1.13
QYLD:
1.11
QQQX:
0.52
QYLD:
0.35
QQQX:
1.96
QYLD:
1.47
QQQX:
6.03%
QYLD:
4.54%
QQQX:
21.95%
QYLD:
19.11%
QQQX:
-57.24%
QYLD:
-24.75%
QQQX:
-13.88%
QYLD:
-11.61%
Returns By Period
In the year-to-date period, QQQX achieves a -11.59% return, which is significantly lower than QYLD's -7.62% return. Over the past 10 years, QQQX has outperformed QYLD with an annualized return of 9.57%, while QYLD has yielded a comparatively lower 7.46% annualized return.
QQQX
-11.59%
-5.50%
-3.45%
10.50%
9.63%
9.57%
QYLD
-7.62%
-3.67%
-4.45%
5.61%
8.63%
7.46%
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Risk-Adjusted Performance
QQQX vs. QYLD — Risk-Adjusted Performance Rank
QQQX
QYLD
QQQX vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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
QQQX vs. QYLD - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 8.39%, less than QYLD's 13.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.39% | 6.73% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.93% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
QQQX vs. QYLD - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.24%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for QQQX and QYLD. For additional features, visit the drawdowns tool.
Volatility
QQQX vs. QYLD - Volatility Comparison
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a higher volatility of 16.18% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 14.23%. This indicates that QQQX'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.