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 | 21.45% | 19.43% |
| 1Y Return | 29.19% | 27.26% |
| 3Y Return (Ann) | 9.32% | 2.57% |
| Sharpe Ratio | 2.17 | 1.92 |
| Sortino Ratio | 2.89 | 2.61 |
| Omega Ratio | 1.42 | 1.34 |
| Calmar Ratio | 2.75 | 1.55 |
| Martin Ratio | 12.87 | 9.51 |
| Ulcer Index | 2.28% | 2.87% |
| Daily Std Dev | 13.55% | 14.18% |
| Max Drawdown | -30.12% | -57.25% |
| Current Drawdown | -0.27% | -0.15% |
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 21.45% return, which is significantly higher than QQQX's 19.43% 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 6.40% 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% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.40% | 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 -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
Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) have volatilities of 3.81% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.