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 0.80, 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:
0.50
QYLG:
0.42
QQQX:
0.77
QYLG:
0.65
QQQX:
1.10
QYLG:
1.09
QQQX:
0.59
QYLG:
0.54
QQQX:
1.78
QYLG:
1.73
QQQX:
4.46%
QYLG:
3.84%
QQQX:
15.93%
QYLG:
15.92%
QQQX:
-57.24%
QYLG:
-29.98%
QQQX:
-11.34%
QYLG:
-10.51%
Returns By Period
In the year-to-date period, QQQX achieves a -8.98% return, which is significantly lower than QYLG's -6.07% return.
QQQX
-8.98%
-3.10%
-0.12%
8.86%
13.65%
10.27%
QYLG
-6.07%
-3.71%
-0.86%
7.06%
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 8.15%, less than QYLG's 27.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.15% | 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 | 27.33% | 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
The current volatility for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is 6.61%, while Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a volatility of 7.08%. 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.