QYLG vs. ORC
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Orchid Island Capital, Inc. (ORC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLG or ORC.
Key characteristics
| QYLG | ORC | |
|---|---|---|
| YTD Return | 21.56% | 8.33% |
| 1Y Return | 30.74% | 38.98% |
| 3Y Return (Ann) | 9.33% | -18.57% |
| Sharpe Ratio | 2.22 | 1.28 |
| Sortino Ratio | 2.96 | 1.83 |
| Omega Ratio | 1.43 | 1.25 |
| Calmar Ratio | 2.83 | 0.49 |
| Martin Ratio | 13.24 | 7.46 |
| Ulcer Index | 2.28% | 4.49% |
| Daily Std Dev | 13.59% | 26.08% |
| Max Drawdown | -30.12% | -75.77% |
| Current Drawdown | -0.18% | -54.98% |
Correlation
The correlation between QYLG and ORC is 0.41, 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. ORC - Performance Comparison
In the year-to-date period, QYLG achieves a 21.56% return, which is significantly higher than ORC's 8.33% 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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Risk-Adjusted Performance
QYLG vs. ORC - 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 Orchid Island Capital, Inc. (ORC). 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. ORC - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 5.69%, less than ORC's 18.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
ORC Orchid Island Capital, Inc. | 18.20% | 21.35% | 23.57% | 17.33% | 15.13% | 16.41% | 16.74% | 18.10% | 15.51% | 19.34% | 16.55% | 10.73% |
Drawdowns
QYLG vs. ORC - Drawdown Comparison
The maximum QYLG drawdown since its inception was -30.12%, smaller than the maximum ORC drawdown of -75.77%. Use the drawdown chart below to compare losses from any high point for QYLG and ORC. For additional features, visit the drawdowns tool.
Volatility
QYLG vs. ORC - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is 3.80%, while Orchid Island Capital, Inc. (ORC) has a volatility of 5.89%. This indicates that QYLG experiences smaller price fluctuations and is considered to be less risky than ORC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.