QYLD vs. QYLG
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG).
QYLD and QYLG 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. QYLG is a passively managed fund by Global X that tracks the performance of the CBOE Nasdaq-100 BuyWrite V2 Index. It was launched on Sep 18, 2020. Both QYLD and QYLG 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 QYLG.
Key characteristics
| QYLD | QYLG | |
|---|---|---|
| YTD Return | 4.40% | 3.61% |
| 1Y Return | 13.42% | 23.16% |
| 3Y Return (Ann) | 3.43% | 7.73% |
| Sharpe Ratio | 1.59 | 1.85 |
| Daily Std Dev | 8.17% | 12.22% |
| Max Drawdown | -24.89% | -30.12% |
| Current Drawdown | -2.63% | -4.00% |
Correlation
The correlation between QYLD and QYLG is 0.90, 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. QYLG - Performance Comparison
In the year-to-date period, QYLD achieves a 4.40% return, which is significantly higher than QYLG's 3.61% 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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QYLD vs. QYLG - Expense Ratio Comparison
Both QYLD and QYLG have an expense ratio of 0.60%.
Risk-Adjusted Performance
QYLD vs. QYLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). 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. QYLG - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.90%, more than QYLG's 5.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.90% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 5.75% | 5.43% | 6.51% | 15.18% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. QYLG - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.89%, smaller than the maximum QYLG drawdown of -30.12%. Use the drawdown chart below to compare losses from any high point for QYLD and QYLG. For additional features, visit the drawdowns tool.
Volatility
QYLD vs. QYLG - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 2.86%, while Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a volatility of 4.26%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than QYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.