QQQX vs. QYLG
Compare and contrast key facts about Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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: QQQX or QYLG.
Correlation
The correlation between QQQX and QYLG is 0.79, 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. QYLG - Performance Comparison
Key characteristics
QQQX:
0.54
QYLG:
0.45
QQQX:
0.88
QYLG:
0.78
QQQX:
1.13
QYLG:
1.12
QQQX:
0.52
QYLG:
0.46
QQQX:
1.96
QYLG:
1.79
QQQX:
6.03%
QYLG:
5.34%
QQQX:
21.95%
QYLG:
21.35%
QQQX:
-57.24%
QYLG:
-29.98%
QQQX:
-13.88%
QYLG:
-12.28%
Returns By Period
In the year-to-date period, QQQX achieves a -11.59% return, which is significantly lower than QYLG's -7.93% return.
QQQX
-11.59%
-5.50%
-3.45%
10.50%
9.63%
9.57%
QYLG
-7.93%
-4.20%
-4.49%
7.76%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
QQQX vs. QYLG — Risk-Adjusted Performance Rank
QQQX
QYLG
QQQX vs. QYLG - 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 & 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
QQQX vs. QYLG - Dividend Comparison
QQQX's dividend yield for the trailing twelve months is around 8.39%, less than QYLG's 28.48% 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% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 28.48% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQX vs. QYLG - Drawdown Comparison
The maximum QQQX drawdown since its inception was -57.24%, which is greater than QYLG's maximum drawdown of -29.98%. Use the drawdown chart below to compare losses from any high point for QQQX and QYLG. For additional features, visit the drawdowns tool.
Volatility
QQQX vs. QYLG - Volatility Comparison
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a higher volatility of 16.18% compared to Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) at 14.89%. This indicates that QQQX's price experiences larger fluctuations and is considered to be riskier than QYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.