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.
Correlation
The correlation between QYLG and QYLD is 0.86, 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
Key characteristics
QYLG:
0.41
QYLD:
0.32
QYLG:
0.73
QYLD:
0.60
QYLG:
1.11
QYLD:
1.10
QYLG:
0.42
QYLD:
0.32
QYLG:
1.61
QYLD:
1.33
QYLG:
5.39%
QYLD:
4.59%
QYLG:
21.36%
QYLD:
19.11%
QYLG:
-29.98%
QYLD:
-24.75%
QYLG:
-11.73%
QYLD:
-11.29%
Returns By Period
The year-to-date returns for both investments are quite close, with QYLG having a -7.35% return and QYLD slightly higher at -7.28%.
QYLG
-7.35%
-0.36%
-4.53%
7.68%
N/A
N/A
QYLD
-7.28%
-1.28%
-4.25%
5.46%
8.76%
7.58%
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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 Rank
QYLG
QYLD
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 28.30%, more than QYLD's 13.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 28.30% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.87% | 12.50% | 11.78% | 13.75% | 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 -29.98%, which is greater than QYLD's maximum drawdown of -24.75%. 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) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 14.89% and 14.23%, 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.