RIET vs. QYLD
Compare and contrast key facts about Hoya Capital High Dividend Yield ETF (RIET) and Global X NASDAQ 100 Covered Call ETF (QYLD).
RIET and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RIET is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital High Dividend Yield Index. It was launched on Sep 21, 2021. 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 RIET 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: RIET or QYLD.
Key characteristics
| RIET | QYLD | |
|---|---|---|
| YTD Return | 8.08% | 18.06% |
| 1Y Return | 29.26% | 22.66% |
| 3Y Return (Ann) | -2.91% | 5.37% |
| Sharpe Ratio | 1.47 | 2.26 |
| Sortino Ratio | 2.13 | 3.10 |
| Omega Ratio | 1.27 | 1.55 |
| Calmar Ratio | 0.89 | 2.93 |
| Martin Ratio | 5.08 | 16.14 |
| Ulcer Index | 5.33% | 1.41% |
| Daily Std Dev | 18.45% | 10.05% |
| Max Drawdown | -34.61% | -24.89% |
| Current Drawdown | -10.11% | 0.00% |
Correlation
The correlation between RIET and QYLD is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RIET vs. QYLD - Performance Comparison
In the year-to-date period, RIET achieves a 8.08% return, which is significantly lower than QYLD's 18.06% 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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RIET vs. QYLD - Expense Ratio Comparison
RIET has a 0.50% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
RIET vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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
RIET vs. QYLD - Dividend Comparison
RIET's dividend yield for the trailing twelve months is around 9.42%, less than QYLD's 11.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RIET Hoya Capital High Dividend Yield ETF | 9.42% | 9.38% | 9.38% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.25% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
RIET vs. QYLD - Drawdown Comparison
The maximum RIET drawdown since its inception was -34.61%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for RIET and QYLD. For additional features, visit the drawdowns tool.
Volatility
RIET vs. QYLD - Volatility Comparison
Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 4.52% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.54%. This indicates that RIET'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.