QYLG vs. QQQX
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX).
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 QQQX.
Key characteristics
QYLG | QQQX | |
---|---|---|
YTD Return | 4.57% | 1.43% |
1Y Return | 24.96% | 5.61% |
3Y Return (Ann) | 8.10% | 0.57% |
Sharpe Ratio | 1.99 | 0.36 |
Daily Std Dev | 12.23% | 15.66% |
Max Drawdown | -30.12% | -57.25% |
Current Drawdown | -3.12% | -10.90% |
Correlation
The correlation between QYLG and QQQX is 0.79, 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. QQQX - Performance Comparison
In the year-to-date period, QYLG achieves a 4.57% return, which is significantly higher than QQQX's 1.43% 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. QQQX - 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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. QQQX - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 5.69%, less than QQQX's 7.28% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Global X Nasdaq 100 Covered Call & Growth ETF | 5.69% | 5.43% | 6.51% | 15.18% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Nuveen Nasdaq 100 Dynamic Overwrite Fund | 7.28% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
Drawdowns
QYLG vs. QQQX - Drawdown Comparison
The maximum QYLG drawdown since its inception was -30.12%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for QYLG and QQQX. For additional features, visit the drawdowns tool.
Volatility
QYLG vs. QQQX - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is 4.39%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 5.02%. This indicates that QYLG experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.