QYLD vs. QQQ
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Invesco QQQ (QQQ).
QYLD and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QYLD and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLD or QQQ.
Performance
QYLD vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, QYLD achieves a 15.85% return, which is significantly lower than QQQ's 23.40% return. Over the past 10 years, QYLD has underperformed QQQ with an annualized return of 8.43%, while QQQ has yielded a comparatively higher 18.08% annualized return.
QYLD
15.85%
0.23%
9.06%
19.50%
7.28%
8.43%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| QYLD | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.86 | 1.71 |
| Sortino Ratio | 2.54 | 2.29 |
| Omega Ratio | 1.45 | 1.31 |
| Calmar Ratio | 2.49 | 2.19 |
| Martin Ratio | 13.46 | 7.95 |
| Ulcer Index | 1.43% | 3.73% |
| Daily Std Dev | 10.35% | 17.38% |
| Max Drawdown | -24.75% | -82.98% |
| Current Drawdown | -1.93% | -2.13% |
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QYLD vs. QQQ - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between QYLD and QQQ is 0.84, 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.
Risk-Adjusted Performance
QYLD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.69%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.69% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QYLD vs. QQQ - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QYLD and QQQ. For additional features, visit the drawdowns tool.
Volatility
QYLD vs. QQQ - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 3.54%, while Invesco QQQ (QQQ) has a volatility of 5.66%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.