QYLE vs. SVOL
Compare and contrast key facts about Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and Simplify Volatility Premium ETF (SVOL).
QYLE and SVOL 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. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLE or SVOL.
Correlation
The correlation between QYLE and SVOL is 0.53, 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. SVOL - Performance Comparison
Key characteristics
QYLE:
1.72
SVOL:
0.75
QYLE:
2.51
SVOL:
1.07
QYLE:
1.35
SVOL:
1.18
QYLE:
2.44
SVOL:
1.00
QYLE:
11.82
SVOL:
5.34
QYLE:
1.75%
SVOL:
2.03%
QYLE:
12.08%
SVOL:
14.57%
QYLE:
-8.47%
SVOL:
-15.62%
QYLE:
-0.41%
SVOL:
0.00%
Returns By Period
In the year-to-date period, QYLE achieves a 2.71% return, which is significantly lower than SVOL's 4.74% return.
QYLE
2.71%
1.37%
12.12%
20.28%
N/A
N/A
SVOL
4.74%
3.49%
2.99%
10.27%
N/A
N/A
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QYLE vs. SVOL - Expense Ratio Comparison
QYLE has a 0.61% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
QYLE vs. SVOL — Risk-Adjusted Performance Rank
QYLE
SVOL
QYLE vs. SVOL - 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 Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
QYLE's dividend yield for the trailing twelve months is around 18.25%, more than SVOL's 16.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
QYLE Global X NASDAQ 100 ESG Covered Call ETF | 18.25% | 18.53% | 10.07% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 16.09% | 16.79% | 16.37% | 18.32% | 4.65% |
Drawdowns
QYLE vs. SVOL - Drawdown Comparison
The maximum QYLE drawdown since its inception was -8.47%, smaller than the maximum SVOL drawdown of -15.62%. Use the drawdown chart below to compare losses from any high point for QYLE and SVOL. For additional features, visit the drawdowns tool.
Volatility
QYLE vs. SVOL - Volatility Comparison
The current volatility for Global X NASDAQ 100 ESG Covered Call ETF (QYLE) is 2.50%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.23%. This indicates that QYLE experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.