QYLE vs. QQQ
Compare and contrast key facts about Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and Invesco QQQ (QQQ).
QYLE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLE is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 ESG BuyWrite Index - Benchmark TR Gross. It was launched on Feb 21, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QYLE and QQQ 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: QYLE or QQQ.
Correlation
The correlation between QYLE and QQQ is 0.63, 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 vs. QQQ - Performance Comparison
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Key characteristics
Returns By Period
QYLE
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
-0.51%
11.76%
-0.86%
15.58%
19.11%
17.55%
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QYLE vs. QQQ - Expense Ratio Comparison
QYLE has a 0.61% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QYLE vs. QQQ — Risk-Adjusted Performance Rank
QYLE
QQQ
QYLE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and Invesco QQQ (QQQ). 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.
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Dividends
QYLE vs. QQQ - Dividend Comparison
QYLE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLE Global X NASDAQ 100 ESG Covered Call ETF | 15.53% | 18.52% | 10.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QYLE vs. QQQ - Drawdown Comparison
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Volatility
QYLE vs. QQQ - Volatility Comparison
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