Correlation
The correlation between SLRN and QYLD is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SLRN vs. QYLD
Compare and contrast key facts about ACELYRIN INC. Common Stock (SLRN) 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: SLRN or QYLD.
Performance
SLRN vs. QYLD - Performance Comparison
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Key characteristics
SLRN:
-0.56
QYLD:
0.34
SLRN:
-0.34
QYLD:
0.56
SLRN:
0.95
QYLD:
1.10
SLRN:
-0.51
QYLD:
0.30
SLRN:
-1.00
QYLD:
1.01
SLRN:
47.13%
QYLD:
5.60%
SLRN:
89.15%
QYLD:
19.16%
SLRN:
-93.44%
QYLD:
-24.75%
SLRN:
-92.12%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, SLRN achieves a -27.71% return, which is significantly lower than QYLD's -5.59% return.
SLRN
-27.71%
-12.02%
-50.11%
-44.90%
N/A
N/A
N/A
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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Risk-Adjusted Performance
SLRN vs. QYLD — Risk-Adjusted Performance Rank
SLRN
QYLD
SLRN vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ACELYRIN INC. Common Stock (SLRN) 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.
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Dividends
SLRN vs. QYLD - Dividend Comparison
SLRN has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 13.78%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SLRN ACELYRIN INC. Common Stock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.78% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
SLRN vs. QYLD - Drawdown Comparison
The maximum SLRN drawdown since its inception was -93.44%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for SLRN and QYLD.
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Volatility
SLRN vs. QYLD - Volatility Comparison
ACELYRIN INC. Common Stock (SLRN) has a higher volatility of 24.86% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that SLRN'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.
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