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:
1.53
QYLG:
1.70
QQQX:
2.09
QYLG:
2.29
QQQX:
1.28
QYLG:
1.33
QQQX:
1.48
QYLG:
2.20
QQQX:
7.64
QYLG:
10.16
QQQX:
2.87%
QYLG:
2.31%
QQQX:
14.26%
QYLG:
13.78%
QQQX:
-57.24%
QYLG:
-29.90%
QQQX:
-2.64%
QYLG:
-1.83%
Returns By Period
The year-to-date returns for both investments are quite close, with QQQX having a 21.62% return and QYLG slightly higher at 22.27%.
QQQX
21.62%
3.23%
10.97%
22.04%
9.42%
10.48%
QYLG
22.27%
2.87%
8.11%
22.62%
N/A
N/A
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Risk-Adjusted Performance
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 6.95%, more than QYLG's 5.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.95% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 5.83% | 5.43% | 6.90% | 15.19% | 1.45% | 0.00% | 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a higher volatility of 3.66% compared to Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) at 2.66%. 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.