QYLG vs. DGRO
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and iShares Core Dividend Growth ETF (DGRO).
QYLG and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLG is a passively managed fund by Global X that tracks the performance of the CBOE Nasdaq-100 BuyWrite V2 Index. It was launched on Sep 18, 2020. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both QYLG and DGRO 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: QYLG or DGRO.
Key characteristics
| QYLG | DGRO | |
|---|---|---|
| YTD Return | 21.63% | 20.51% |
| 1Y Return | 28.26% | 29.14% |
| 3Y Return (Ann) | 9.36% | 8.22% |
| Sharpe Ratio | 2.17 | 3.27 |
| Sortino Ratio | 2.89 | 4.63 |
| Omega Ratio | 1.42 | 1.61 |
| Calmar Ratio | 2.75 | 5.39 |
| Martin Ratio | 12.87 | 22.01 |
| Ulcer Index | 2.28% | 1.44% |
| Daily Std Dev | 13.55% | 9.68% |
| Max Drawdown | -30.12% | -35.10% |
| Current Drawdown | -0.12% | -0.65% |
Correlation
The correlation between QYLG and DGRO is 0.65, 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
QYLG vs. DGRO - Performance Comparison
In the year-to-date period, QYLG achieves a 21.63% return, which is significantly higher than DGRO's 20.51% 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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QYLG vs. DGRO - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
QYLG vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and iShares Core Dividend Growth ETF (DGRO). 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
QYLG vs. DGRO - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 5.69%, more than DGRO's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 5.69% | 5.43% | 6.90% | 15.19% | 1.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.16% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
QYLG vs. DGRO - Drawdown Comparison
The maximum QYLG drawdown since its inception was -30.12%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for QYLG and DGRO. For additional features, visit the drawdowns tool.
Volatility
QYLG vs. DGRO - Volatility Comparison
Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a higher volatility of 3.77% compared to iShares Core Dividend Growth ETF (DGRO) at 3.23%. This indicates that QYLG's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.