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RIET vs. QYLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

RIET vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital High Dividend Yield ETF (RIET) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-7.83%
18.63%
RIET
QYLD

Returns By Period

In the year-to-date period, RIET achieves a 6.50% return, which is significantly lower than QYLD's 16.42% return.


RIET

YTD

6.50%

1M

-1.24%

6M

12.42%

1Y

21.15%

5Y (annualized)

N/A

10Y (annualized)

N/A

QYLD

YTD

16.42%

1M

1.46%

6M

9.29%

1Y

19.89%

5Y (annualized)

7.37%

10Y (annualized)

8.43%

Key characteristics


RIETQYLD
Sharpe Ratio1.211.92
Sortino Ratio1.732.61
Omega Ratio1.221.46
Calmar Ratio0.792.56
Martin Ratio3.9113.81
Ulcer Index5.41%1.44%
Daily Std Dev17.49%10.35%
Max Drawdown-34.55%-24.75%
Current Drawdown-11.33%-1.44%

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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.


QYLD
Global X NASDAQ 100 Covered Call ETF
Expense ratio chart for QYLD: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for RIET: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Correlation

-0.50.00.51.00.5

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.

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.


Sharpe ratio
The chart of Sharpe ratio for RIET, currently valued at 1.21, compared to the broader market0.002.004.001.211.92
The chart of Sortino ratio for RIET, currently valued at 1.73, compared to the broader market-2.000.002.004.006.008.0010.0012.001.732.61
The chart of Omega ratio for RIET, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.46
The chart of Calmar ratio for RIET, currently valued at 0.79, compared to the broader market0.005.0010.0015.000.792.56
The chart of Martin ratio for RIET, currently valued at 3.91, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.9113.81
RIET
QYLD

The current RIET Sharpe Ratio is 1.21, which is lower than the QYLD Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of RIET and QYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.21
1.92
RIET
QYLD

Dividends

RIET vs. QYLD - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 9.64%, less than QYLD's 11.63% yield.


TTM2023202220212020201920182017201620152014
RIET
Hoya Capital High Dividend Yield ETF
9.64%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
11.63%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 -34.55%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for RIET and QYLD. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-11.33%
-1.44%
RIET
QYLD

Volatility

RIET vs. QYLD - Volatility Comparison

Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 4.17% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.42%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.17%
3.42%
RIET
QYLD