QYLE.DE vs. PHEQ
Compare and contrast key facts about Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) and Parametric Hedged Equity ETF (PHEQ).
QYLE.DE and PHEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLE.DE is a passively managed fund by Global X that tracks the performance of the Cboe Nasdaq-100 BuyWrite. It was launched on Nov 22, 2022. PHEQ is an actively managed fund by Parametric. It was launched on Oct 16, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLE.DE or PHEQ.
Key characteristics
| QYLE.DE | PHEQ | |
|---|---|---|
| YTD Return | 20.57% | 13.53% |
| 1Y Return | 21.12% | 19.75% |
| Sharpe Ratio | 1.79 | 3.58 |
| Sortino Ratio | 2.36 | 5.24 |
| Omega Ratio | 1.37 | 1.81 |
| Calmar Ratio | 2.71 | 4.84 |
| Martin Ratio | 12.22 | 28.58 |
| Ulcer Index | 1.82% | 0.70% |
| Daily Std Dev | 12.33% | 5.56% |
| Max Drawdown | -9.08% | -4.11% |
| Current Drawdown | -0.10% | 0.00% |
Correlation
The correlation between QYLE.DE and PHEQ is 0.44, 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
QYLE.DE vs. PHEQ - Performance Comparison
In the year-to-date period, QYLE.DE achieves a 20.57% return, which is significantly higher than PHEQ's 13.53% 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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QYLE.DE vs. PHEQ - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than PHEQ's 0.29% expense ratio.
Risk-Adjusted Performance
QYLE.DE vs. PHEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) and Parametric Hedged Equity ETF (PHEQ). 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
QYLE.DE vs. PHEQ - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 9.19%, more than PHEQ's 2.25% yield.
| TTM | 2023 | |
|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 9.19% | 10.08% |
PHEQ Parametric Hedged Equity ETF | 2.25% | 1.72% |
Drawdowns
QYLE.DE vs. PHEQ - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -9.08%, which is greater than PHEQ's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and PHEQ. For additional features, visit the drawdowns tool.
Volatility
QYLE.DE vs. PHEQ - Volatility Comparison
Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a higher volatility of 3.30% compared to Parametric Hedged Equity ETF (PHEQ) at 1.68%. This indicates that QYLE.DE's price experiences larger fluctuations and is considered to be riskier than PHEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.