QYLD vs. QDTE
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
QYLD and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLD or QDTE.
Correlation
The correlation between QYLD and QDTE is 0.89, 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
QYLD vs. QDTE - Performance Comparison
Key characteristics
QYLD:
0.35
QDTE:
0.54
QYLD:
0.64
QDTE:
0.82
QYLD:
1.11
QDTE:
1.12
QYLD:
0.35
QDTE:
0.52
QYLD:
1.39
QDTE:
1.78
QYLD:
4.84%
QDTE:
6.63%
QYLD:
19.09%
QDTE:
21.72%
QYLD:
-24.75%
QDTE:
-22.86%
QYLD:
-10.58%
QDTE:
-13.83%
Returns By Period
In the year-to-date period, QYLD achieves a -6.54% return, which is significantly higher than QDTE's -8.67% return.
QYLD
-6.54%
-1.50%
-3.01%
6.36%
8.82%
7.63%
QDTE
-8.67%
-4.02%
-5.76%
11.44%
N/A
N/A
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QYLD vs. QDTE - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is lower than QDTE's 0.95% expense ratio.
Risk-Adjusted Performance
QYLD vs. QDTE — Risk-Adjusted Performance Rank
QYLD
QDTE
QYLD vs. QDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). 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
QYLD vs. QDTE - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 13.76%, less than QDTE's 47.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 13.76% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 47.39% | 32.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. QDTE - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for QYLD and QDTE. For additional features, visit the drawdowns tool.
Volatility
QYLD vs. QDTE - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 14.16% compared to Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) at 13.17%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.