QTR vs. TAIL
Compare and contrast key facts about Global X NASDAQ 100 Tail Risk ETF (QTR) and Cambria Tail Risk ETF (TAIL).
QTR and TAIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTR is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Quarterly Protective Put 90 Index. It was launched on Aug 25, 2021. TAIL is an actively managed fund by Cambria. It was launched on Apr 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTR or TAIL.
Performance
QTR vs. TAIL - Performance Comparison
Returns By Period
In the year-to-date period, QTR achieves a 20.12% return, which is significantly higher than TAIL's -9.65% return.
QTR
20.12%
2.96%
8.93%
26.02%
N/A
N/A
TAIL
-9.65%
-3.00%
-1.90%
-7.31%
-9.12%
N/A
Key characteristics
| QTR | TAIL | |
|---|---|---|
| Sharpe Ratio | 1.67 | -0.61 |
| Sortino Ratio | 2.32 | -0.86 |
| Omega Ratio | 1.30 | 0.90 |
| Calmar Ratio | 2.34 | -0.14 |
| Martin Ratio | 7.20 | -1.01 |
| Ulcer Index | 3.61% | 7.21% |
| Daily Std Dev | 15.54% | 11.92% |
| Max Drawdown | -31.72% | -51.27% |
| Current Drawdown | -1.73% | -51.07% |
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QTR vs. TAIL - Expense Ratio Comparison
QTR has a 0.60% expense ratio, which is higher than TAIL's 0.59% expense ratio.
Correlation
The correlation between QTR and TAIL is -0.51. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
QTR vs. TAIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Tail Risk ETF (QTR) and Cambria Tail Risk ETF (TAIL). 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
QTR vs. TAIL - Dividend Comparison
QTR's dividend yield for the trailing twelve months is around 0.54%, less than TAIL's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
QTR Global X NASDAQ 100 Tail Risk ETF | 0.54% | 0.53% | 0.37% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% |
TAIL Cambria Tail Risk ETF | 3.58% | 3.73% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% |
Drawdowns
QTR vs. TAIL - Drawdown Comparison
The maximum QTR drawdown since its inception was -31.72%, smaller than the maximum TAIL drawdown of -51.27%. Use the drawdown chart below to compare losses from any high point for QTR and TAIL. For additional features, visit the drawdowns tool.
Volatility
QTR vs. TAIL - Volatility Comparison
Global X NASDAQ 100 Tail Risk ETF (QTR) has a higher volatility of 5.02% compared to Cambria Tail Risk ETF (TAIL) at 3.58%. This indicates that QTR's price experiences larger fluctuations and is considered to be riskier than TAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.