QYLD vs. XYLD
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X S&P 500 Covered Call ETF (XYLD).
QYLD and XYLD 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. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013. Both QYLD and XYLD 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 XYLD.
Performance
QYLD vs. XYLD - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with QYLD having a 15.85% return and XYLD slightly lower at 15.79%. Over the past 10 years, QYLD has outperformed XYLD with an annualized return of 8.43%, while XYLD has yielded a comparatively lower 6.77% annualized return.
QYLD
15.85%
0.23%
9.06%
19.50%
7.28%
8.43%
XYLD
15.79%
1.48%
9.72%
18.57%
6.63%
6.77%
Key characteristics
| QYLD | XYLD | |
|---|---|---|
| Sharpe Ratio | 1.86 | 2.69 |
| Sortino Ratio | 2.54 | 3.65 |
| Omega Ratio | 1.45 | 1.70 |
| Calmar Ratio | 2.49 | 3.05 |
| Martin Ratio | 13.46 | 23.50 |
| Ulcer Index | 1.43% | 0.79% |
| Daily Std Dev | 10.35% | 6.90% |
| Max Drawdown | -24.75% | -33.46% |
| Current Drawdown | -1.93% | -0.16% |
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QYLD vs. XYLD - Expense Ratio Comparison
Both QYLD and XYLD have an expense ratio of 0.60%.
Correlation
The correlation between QYLD and XYLD is 0.70, 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. XYLD - 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 S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.69%, more than XYLD's 9.43% 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% |
XYLD Global X S&P 500 Covered Call ETF | 9.43% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
Drawdowns
QYLD vs. XYLD - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for QYLD and XYLD. For additional features, visit the drawdowns tool.
Volatility
QYLD vs. XYLD - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 3.54% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.45%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.