QYLD vs. RYLD
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X Russell 2000 Covered Call ETF (RYLD).
QYLD and RYLD 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. RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019. Both QYLD and RYLD 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 RYLD.
Key characteristics
| QYLD | RYLD | |
|---|---|---|
| YTD Return | 4.40% | 1.68% |
| 1Y Return | 13.42% | 3.72% |
| 3Y Return (Ann) | 3.43% | -1.84% |
| 5Y Return (Ann) | 6.40% | 3.03% |
| Sharpe Ratio | 1.59 | 0.23 |
| Daily Std Dev | 8.17% | 9.98% |
| Max Drawdown | -24.89% | -41.53% |
| Current Drawdown | -2.63% | -13.85% |
Correlation
The correlation between QYLD and RYLD is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QYLD vs. RYLD - Performance Comparison
In the year-to-date period, QYLD achieves a 4.40% return, which is significantly higher than RYLD's 1.68% 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. RYLD - Expense Ratio Comparison
Both QYLD and RYLD have an expense ratio of 0.60%.
Risk-Adjusted Performance
QYLD vs. RYLD - 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 Russell 2000 Covered Call ETF (RYLD). 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. RYLD - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.90%, less than RYLD's 12.39% 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% |
RYLD Global X Russell 2000 Covered Call ETF | 12.39% | 12.64% | 13.50% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. RYLD - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.89%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for QYLD and RYLD. For additional features, visit the drawdowns tool.
Volatility
QYLD vs. RYLD - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 2.86% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.72%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.