QYLG vs. QQQ
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Invesco QQQ (QQQ).
QYLG and QQQ 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. 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 QYLG 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: QYLG or QQQ.
Key characteristics
| QYLG | QQQ | |
|---|---|---|
| YTD Return | 21.45% | 25.79% |
| 1Y Return | 29.19% | 36.91% |
| 3Y Return (Ann) | 9.32% | 9.89% |
| Sharpe Ratio | 2.17 | 2.11 |
| Sortino Ratio | 2.89 | 2.78 |
| Omega Ratio | 1.42 | 1.38 |
| Calmar Ratio | 2.75 | 2.69 |
| Martin Ratio | 12.87 | 9.81 |
| Ulcer Index | 2.28% | 3.72% |
| Daily Std Dev | 13.55% | 17.32% |
| Max Drawdown | -30.12% | -82.98% |
| Current Drawdown | -0.27% | -0.24% |
Correlation
The correlation between QYLG and QQQ is 0.95, 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
QYLG vs. QQQ - Performance Comparison
In the year-to-date period, QYLG achieves a 21.45% return, which is significantly lower than QQQ's 25.79% 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. QQQ - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QYLG vs. QQQ - 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 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
QYLG vs. QQQ - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 5.69%, more than QQQ's 0.59% 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% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QYLG vs. QQQ - Drawdown Comparison
The maximum QYLG drawdown since its inception was -30.12%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QYLG and QQQ. For additional features, visit the drawdowns tool.
Volatility
QYLG vs. QQQ - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is 3.81%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that QYLG 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.