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.
Correlation
The correlation between QTUM-USD and QYLD is 0.15, 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
Key characteristics
QTUM-USD:
-0.41
QYLD:
1.70
QTUM-USD:
-0.11
QYLD:
2.34
QTUM-USD:
0.99
QYLD:
1.39
QTUM-USD:
0.00
QYLD:
2.34
QTUM-USD:
-1.07
QYLD:
12.43
QTUM-USD:
34.92%
QYLD:
1.46%
QTUM-USD:
78.86%
QYLD:
10.72%
QTUM-USD:
-98.90%
QYLD:
-24.75%
QTUM-USD:
-97.08%
QYLD:
-0.86%
Returns By Period
In the year-to-date period, QTUM-USD achieves a -8.13% return, which is significantly lower than QYLD's 2.07% return.
QTUM-USD
-8.13%
-10.20%
7.54%
-4.75%
5.45%
N/A
QYLD
2.07%
1.68%
12.22%
18.02%
7.71%
8.93%
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Risk-Adjusted Performance
QTUM-USD vs. QYLD — Risk-Adjusted Performance Rank
QTUM-USD
QYLD
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 -24.75%. 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 23.39% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.26%. 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.