QYLD vs. SCHD
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Schwab US Dividend Equity ETF (SCHD).
QYLD and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both QYLD and SCHD 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 SCHD.
Key characteristics
| QYLD | SCHD | |
|---|---|---|
| YTD Return | 4.40% | 1.78% |
| 1Y Return | 13.42% | 12.11% |
| 3Y Return (Ann) | 3.43% | 4.55% |
| 5Y Return (Ann) | 6.40% | 11.11% |
| 10Y Return (Ann) | 7.41% | 10.94% |
| Sharpe Ratio | 1.59 | 0.84 |
| Daily Std Dev | 8.17% | 11.58% |
| Max Drawdown | -24.89% | -33.37% |
| Current Drawdown | -2.63% | -4.64% |
Correlation
The correlation between QYLD and SCHD is 0.59, 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. SCHD - Performance Comparison
In the year-to-date period, QYLD achieves a 4.40% return, which is significantly higher than SCHD's 1.78% return. Over the past 10 years, QYLD has underperformed SCHD with an annualized return of 7.41%, while SCHD has yielded a comparatively higher 10.94% annualized 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. SCHD - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
QYLD vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.90%, more than SCHD's 3.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.48% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
QYLD vs. SCHD - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.89%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for QYLD and SCHD. For additional features, visit the drawdowns tool.
Volatility
QYLD vs. SCHD - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 2.86%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.52%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.