QYLG vs. DIVO
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
QYLG and DIVO 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. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLG or DIVO.
Key characteristics
| QYLG | DIVO | |
|---|---|---|
| YTD Return | 21.45% | 18.96% |
| 1Y Return | 29.19% | 25.70% |
| 3Y Return (Ann) | 9.32% | 9.06% |
| Sharpe Ratio | 2.17 | 2.91 |
| Sortino Ratio | 2.89 | 4.22 |
| Omega Ratio | 1.42 | 1.54 |
| Calmar Ratio | 2.75 | 4.68 |
| Martin Ratio | 12.87 | 18.89 |
| Ulcer Index | 2.28% | 1.36% |
| Daily Std Dev | 13.55% | 8.79% |
| Max Drawdown | -30.12% | -30.04% |
| Current Drawdown | -0.27% | -0.57% |
Correlation
The correlation between QYLG and DIVO is 0.61, 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. DIVO - Performance Comparison
In the year-to-date period, QYLG achieves a 21.45% return, which is significantly higher than DIVO's 18.96% 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. DIVO - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is higher than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
QYLG vs. DIVO - 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 Amplify CWP Enhanced Dividend Income ETF (DIVO). 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. DIVO - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 5.69%, more than DIVO's 4.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.44% | 4.67% | 4.76% | 4.79% | 4.92% | 8.16% | 5.27% | 3.83% |
Drawdowns
QYLG vs. DIVO - Drawdown Comparison
The maximum QYLG drawdown since its inception was -30.12%, roughly equal to the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for QYLG and DIVO. For additional features, visit the drawdowns tool.
Volatility
QYLG vs. DIVO - Volatility Comparison
Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a higher volatility of 3.81% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 3.40%. This indicates that QYLG's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.