QYLD vs. QQQX

In the year-to-date period, QYLD achieves a -8.21% return, which is significantly lower than QQQX's -4.89% return. Over the past 10 years, QYLD has underperformed QQQX with an annualized return of -3.27%, while QQQX has yielded a comparatively higher 10.42% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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.

The current QYLD Sharpe Ratio is -0.19, which is lower than the QQQX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of QYLD and QQQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

QYLD's dividend yield for the trailing twelve months is around 13.73%, more than QQQX's 7.80% yield.

The maximum QYLD drawdown since its inception was -40.69%, smaller than the maximum QQQX drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for QYLD and QQQX. For additional features, visit the drawdowns tool.

The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 4.47%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 6.74%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.