SLRC vs. QYLD
Compare and contrast key facts about SLR Investment Corp. (SLRC) and Global X NASDAQ 100 Covered Call ETF (QYLD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLRC or QYLD.
Key characteristics
| SLRC | QYLD | |
|---|---|---|
| YTD Return | 10.69% | 12.41% |
| 1Y Return | 11.41% | 15.75% |
| 3Y Return (Ann) | 3.24% | 3.96% |
| 5Y Return (Ann) | 4.46% | 7.21% |
| 10Y Return (Ann) | 6.94% | 7.57% |
| Sharpe Ratio | 0.90 | 1.45 |
| Daily Std Dev | 13.75% | 10.91% |
| Max Drawdown | -63.06% | -24.89% |
| Current Drawdown | -2.98% | 0.00% |
Correlation
The correlation between SLRC and QYLD is 0.30, 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
SLRC vs. QYLD - Performance Comparison
In the year-to-date period, SLRC achieves a 10.69% return, which is significantly lower than QYLD's 12.41% return. Over the past 10 years, SLRC has underperformed QYLD with an annualized return of 6.94%, while QYLD has yielded a comparatively higher 7.57% annualized 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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Risk-Adjusted Performance
SLRC vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SLR Investment Corp. (SLRC) 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
SLRC vs. QYLD - Dividend Comparison
SLRC's dividend yield for the trailing twelve months is around 11.54%, which matches QYLD's 11.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLRC SLR Investment Corp. | 11.54% | 10.91% | 11.81% | 8.90% | 9.37% | 7.95% | 8.55% | 7.92% | 7.68% | 9.74% | 8.88% | 8.87% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.44% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
SLRC vs. QYLD - Drawdown Comparison
The maximum SLRC drawdown since its inception was -63.06%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for SLRC and QYLD. For additional features, visit the drawdowns tool.
Volatility
SLRC vs. QYLD - Volatility Comparison
The current volatility for SLR Investment Corp. (SLRC) is 3.43%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.80%. This indicates that SLRC 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.