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.
Performance
SLRC vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, SLRC achieves a 18.17% return, which is significantly higher than QYLD's 15.85% return. Both investments have delivered pretty close results over the past 10 years, with SLRC having a 8.33% annualized return and QYLD not far ahead at 8.43%.
SLRC
18.17%
6.41%
7.18%
21.91%
5.97%
8.33%
QYLD
15.85%
0.23%
9.06%
19.50%
7.28%
8.43%
Key characteristics
| SLRC | QYLD | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.86 |
| Sortino Ratio | 2.45 | 2.54 |
| Omega Ratio | 1.30 | 1.45 |
| Calmar Ratio | 2.26 | 2.49 |
| Martin Ratio | 7.50 | 13.46 |
| Ulcer Index | 3.01% | 1.43% |
| Daily Std Dev | 13.51% | 10.35% |
| Max Drawdown | -63.06% | -24.75% |
| Current Drawdown | 0.00% | -1.93% |
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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.
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 9.98%, less than QYLD's 11.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLRC SLR Investment Corp. | 9.98% | 10.93% | 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 | 11.69% | 11.78% | 13.75% | 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 -24.75%. 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
SLR Investment Corp. (SLRC) has a higher volatility of 5.11% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.54%. This indicates that SLRC'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.