QTUM-USD vs. QYLD
Compare and contrast key facts about QTUM (QTUM-USD) and Global X NASDAQ 100 Covered Call ETF (QYLD).
QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTUM-USD or QYLD.
Key characteristics
| QTUM-USD | QYLD | |
|---|---|---|
| YTD Return | -39.30% | 12.35% |
| 1Y Return | 2.89% | 17.55% |
| 3Y Return (Ann) | -43.56% | 4.31% |
| 5Y Return (Ann) | 0.41% | 7.17% |
| Sharpe Ratio | -0.39 | 1.62 |
| Daily Std Dev | 68.63% | 10.79% |
| Max Drawdown | -98.90% | -24.89% |
| Current Drawdown | -97.61% | -0.06% |
Correlation
The correlation between QTUM-USD and QYLD is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QTUM-USD vs. QYLD - Performance Comparison
In the year-to-date period, QTUM-USD achieves a -39.30% return, which is significantly lower than QYLD's 12.35% 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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Risk-Adjusted Performance
QTUM-USD vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for QTUM (QTUM-USD) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.
Drawdowns
QTUM-USD vs. QYLD - Drawdown Comparison
The maximum QTUM-USD drawdown since its inception was -98.90%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for QTUM-USD and QYLD. For additional features, visit the drawdowns tool.
Volatility
QTUM-USD vs. QYLD - Volatility Comparison
QTUM (QTUM-USD) has a higher volatility of 17.69% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.16%. This indicates that QTUM-USD's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.