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 0.75, 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.
Performance
QYLE vs. QQQ - Performance Comparison
Key characteristics
QYLE:
1.72
QQQ:
1.44
QYLE:
2.51
QQQ:
1.95
QYLE:
1.35
QQQ:
1.26
QYLE:
2.44
QQQ:
1.94
QYLE:
11.82
QQQ:
6.71
QYLE:
1.75%
QQQ:
3.92%
QYLE:
12.08%
QQQ:
18.27%
QYLE:
-8.47%
QQQ:
-82.98%
QYLE:
-0.41%
QQQ:
0.00%
Returns By Period
In the year-to-date period, QYLE achieves a 2.71% return, which is significantly lower than QQQ's 5.27% return.
QYLE
2.71%
0.62%
12.12%
21.09%
N/A
N/A
QQQ
5.27%
3.15%
13.63%
25.73%
18.87%
18.44%
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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.
Dividends
QYLE vs. QQQ - Dividend Comparison
QYLE's dividend yield for the trailing twelve months is around 18.25%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLE Global X NASDAQ 100 ESG Covered Call ETF | 18.25% | 18.53% | 10.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 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
The maximum QYLE drawdown since its inception was -8.47%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QYLE and QQQ. For additional features, visit the drawdowns tool.
Volatility
QYLE vs. QQQ - Volatility Comparison
The current volatility for Global X NASDAQ 100 ESG Covered Call ETF (QYLE) is 2.50%, while Invesco QQQ (QQQ) has a volatility of 5.01%. This indicates that QYLE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.