QTAP vs. QYLG
Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - April (QTAP) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG).
QTAP and QYLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021. 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: QTAP or QYLG.
Key characteristics
| QTAP | QYLG | |
|---|---|---|
| YTD Return | 0.97% | 5.66% |
| 1Y Return | 20.59% | 26.22% |
| 3Y Return (Ann) | 7.02% | 9.05% |
| Sharpe Ratio | 2.29 | 2.14 |
| Daily Std Dev | 8.82% | 12.25% |
| Max Drawdown | -29.44% | -30.12% |
| Current Drawdown | -1.43% | -2.11% |
Correlation
The correlation between QTAP and QYLG is 0.92, 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
QTAP vs. QYLG - Performance Comparison
In the year-to-date period, QTAP achieves a 0.97% return, which is significantly lower than QYLG's 5.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QTAP vs. QYLG - Expense Ratio Comparison
QTAP has a 0.79% expense ratio, which is higher than QYLG's 0.60% expense ratio.
Risk-Adjusted Performance
QTAP vs. QYLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) 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
QTAP vs. QYLG - Dividend Comparison
QTAP has not paid dividends to shareholders, while QYLG's dividend yield for the trailing twelve months is around 5.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 5.63% | 5.43% | 6.51% | 15.18% | 1.44% |
Drawdowns
QTAP vs. QYLG - Drawdown Comparison
The maximum QTAP drawdown since its inception was -29.44%, roughly equal to the maximum QYLG drawdown of -30.12%. Use the drawdown chart below to compare losses from any high point for QTAP and QYLG. For additional features, visit the drawdowns tool.
Volatility
QTAP vs. QYLG - Volatility Comparison
Innovator Growth Accelerated Plus ETF - April (QTAP) has a higher volatility of 5.24% compared to Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) at 4.43%. This indicates that QTAP'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.