SURI vs. QYLD
Compare and contrast key facts about Simplify Propel Opportunities ETF (SURI) and Global X NASDAQ 100 Covered Call ETF (QYLD).
SURI and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SURI is an actively managed fund by Simplify. It was launched on Feb 7, 2023. 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: SURI or QYLD.
Key characteristics
| SURI | QYLD | |
|---|---|---|
| YTD Return | 37.64% | 18.06% |
| 1Y Return | 62.71% | 22.66% |
| Sharpe Ratio | 2.02 | 2.26 |
| Sortino Ratio | 2.83 | 3.10 |
| Omega Ratio | 1.33 | 1.55 |
| Calmar Ratio | 3.02 | 2.93 |
| Martin Ratio | 8.16 | 16.14 |
| Ulcer Index | 7.05% | 1.41% |
| Daily Std Dev | 28.42% | 10.05% |
| Max Drawdown | -19.43% | -24.89% |
| Current Drawdown | -3.71% | 0.00% |
Correlation
The correlation between SURI and QYLD is 0.28, 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
SURI vs. QYLD - Performance Comparison
In the year-to-date period, SURI achieves a 37.64% return, which is significantly higher than QYLD's 18.06% 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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SURI vs. QYLD - Expense Ratio Comparison
SURI has a 2.51% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
SURI vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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
SURI vs. QYLD - Dividend Comparison
SURI's dividend yield for the trailing twelve months is around 12.92%, more than QYLD's 11.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SURI Simplify Propel Opportunities ETF | 12.92% | 14.71% | 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 | 11.25% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
SURI vs. QYLD - Drawdown Comparison
The maximum SURI drawdown since its inception was -19.43%, smaller than the maximum QYLD drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for SURI and QYLD. For additional features, visit the drawdowns tool.
Volatility
SURI vs. QYLD - Volatility Comparison
Simplify Propel Opportunities ETF (SURI) has a higher volatility of 8.75% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.54%. This indicates that SURI'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.