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.
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
Key characteristics
QYLG:
1.70
QQQX:
1.53
QYLG:
2.29
QQQX:
2.09
QYLG:
1.33
QQQX:
1.28
QYLG:
2.20
QQQX:
1.48
QYLG:
10.16
QQQX:
7.64
QYLG:
2.31%
QQQX:
2.87%
QYLG:
13.78%
QQQX:
14.26%
QYLG:
-29.90%
QQQX:
-57.24%
QYLG:
-1.83%
QQQX:
-2.64%
Returns By Period
The year-to-date returns for both stocks are quite close, with QYLG having a 22.27% return and QQQX slightly lower at 21.62%.
QYLG
22.27%
2.87%
8.11%
22.62%
N/A
N/A
QQQX
21.62%
3.23%
10.97%
22.04%
9.42%
10.48%
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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 5.83%, less than QQQX's 6.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 5.83% | 5.43% | 6.90% | 15.19% | 1.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.95% | 7.26% | 9.65% | 5.86% | 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 -29.90%, smaller than the maximum QQQX drawdown of -57.24%. 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 2.66%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 3.66%. 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.