RYE vs. QYLD
Compare and contrast key facts about Invesco S&P 500® Equal Weight Energy ETF (RYE) and Global X NASDAQ 100 Covered Call ETF (QYLD).
RYE and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYE is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Energy -SEC. It was launched on Nov 1, 2006. 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 RYE 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: RYE or QYLD.
Key characteristics
| RYE | QYLD |
|---|
Correlation
The correlation between RYE and QYLD is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RYE vs. QYLD - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RYE vs. QYLD - Expense Ratio Comparison
RYE has a 0.40% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
RYE vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Energy ETF (RYE) 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
RYE vs. QYLD - Dividend Comparison
RYE has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.75%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYE Invesco S&P 500® Equal Weight Energy ETF | 2.66% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% | 1.97% | 0.98% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.75% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
RYE vs. QYLD - Drawdown Comparison
Volatility
RYE vs. QYLD - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Energy ETF (RYE) is 0.00%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.56%. This indicates that RYE experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.