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:
1.60
QYLG:
1.48
QQQX:
2.17
QYLG:
2.02
QQQX:
1.29
QYLG:
1.29
QQQX:
1.74
QYLG:
1.98
QQQX:
7.88
QYLG:
8.96
QQQX:
2.95%
QYLG:
2.36%
QQQX:
14.62%
QYLG:
14.28%
QQQX:
-57.24%
QYLG:
-29.90%
QQQX:
-3.17%
QYLG:
-2.01%
Returns By Period
In the year-to-date period, QQQX achieves a -0.59% return, which is significantly lower than QYLG's 2.85% return.
QQQX
-0.59%
-3.06%
12.88%
21.05%
9.08%
10.96%
QYLG
2.85%
-0.28%
9.82%
18.66%
N/A
N/A
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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 6.77%, less than QYLG's 24.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.77% | 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 | 24.22% | 25.28% | 5.43% | 6.90% | 15.19% | 1.45% | 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 -29.90%. 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
The current volatility for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is 3.19%, while Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a volatility of 3.88%. This indicates that QQQX experiences smaller price fluctuations and is considered to be less risky than QYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.