QYLG vs. XYLG
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Global X S&P 500 Covered Call & Growth ETF (XYLG).
QYLG and XYLG 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. XYLG is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 BuyWrite Index. It was launched on Sep 18, 2020. Both QYLG and XYLG 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 XYLG.
Key characteristics
| QYLG | XYLG | |
|---|---|---|
| YTD Return | 21.63% | 21.41% |
| 1Y Return | 28.26% | 26.47% |
| 3Y Return (Ann) | 9.36% | 7.59% |
| Sharpe Ratio | 2.17 | 3.03 |
| Sortino Ratio | 2.89 | 4.11 |
| Omega Ratio | 1.42 | 1.62 |
| Calmar Ratio | 2.75 | 3.90 |
| Martin Ratio | 12.87 | 20.63 |
| Ulcer Index | 2.28% | 1.35% |
| Daily Std Dev | 13.55% | 9.23% |
| Max Drawdown | -30.12% | -21.30% |
| Current Drawdown | -0.12% | -0.30% |
Correlation
The correlation between QYLG and XYLG is 0.85, 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. XYLG - Performance Comparison
The year-to-date returns for both stocks are quite close, with QYLG having a 21.63% return and XYLG slightly lower at 21.41%. 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. XYLG - Expense Ratio Comparison
Both QYLG and XYLG have an expense ratio of 0.60%.
Risk-Adjusted Performance
QYLG vs. XYLG - 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 S&P 500 Covered Call & Growth ETF (XYLG). 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. XYLG - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 5.69%, more than XYLG's 4.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 5.69% | 5.43% | 6.90% | 15.19% | 1.45% |
XYLG Global X S&P 500 Covered Call & Growth ETF | 4.28% | 5.38% | 6.44% | 7.41% | 1.39% |
Drawdowns
QYLG vs. XYLG - Drawdown Comparison
The maximum QYLG drawdown since its inception was -30.12%, which is greater than XYLG's maximum drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for QYLG and XYLG. For additional features, visit the drawdowns tool.
Volatility
QYLG vs. XYLG - Volatility Comparison
Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a higher volatility of 3.77% compared to Global X S&P 500 Covered Call & Growth ETF (XYLG) at 3.07%. This indicates that QYLG's price experiences larger fluctuations and is considered to be riskier than XYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.