QYLG vs. QYLD
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Global X NASDAQ 100 Covered Call ETF (QYLD).
QYLG and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both QYLG and QYLD 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 QYLD.
Key characteristics
| QYLG | QYLD | |
|---|---|---|
| YTD Return | 4.57% | 4.88% |
| 1Y Return | 24.96% | 14.08% |
| 3Y Return (Ann) | 8.10% | 3.67% |
| Sharpe Ratio | 1.99 | 1.71 |
| Daily Std Dev | 12.23% | 8.17% |
| Max Drawdown | -30.12% | -24.89% |
| Current Drawdown | -3.12% | -2.18% |
Correlation
The correlation between QYLG and QYLD is 0.90, 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. QYLD - Performance Comparison
In the year-to-date period, QYLG achieves a 4.57% return, which is significantly lower than QYLD's 4.88% 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. QYLD - Expense Ratio Comparison
Both QYLG and QYLD have an expense ratio of 0.60%.
Risk-Adjusted Performance
QYLG vs. QYLD - 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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. QYLD - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 5.69%, less than QYLD's 11.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QYLG 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% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.85% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
QYLG vs. QYLD - Drawdown Comparison
The maximum QYLG drawdown since its inception was -30.12%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for QYLG and QYLD. For additional features, visit the drawdowns tool.
Volatility
QYLG vs. QYLD - Volatility Comparison
Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a higher volatility of 4.39% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.91%. This indicates that QYLG's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.