Correlation
The correlation between SYT and QYLD is 0.01, 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.
SYT vs. QYLD
Compare and contrast key facts about SYLA Technologies Co. Ltd. American Depositary Shares (SYT) 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: SYT or QYLD.
Performance
SYT vs. QYLD - Performance Comparison
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Key characteristics
SYT:
-0.47
QYLD:
0.34
SYT:
-0.13
QYLD:
0.56
SYT:
0.98
QYLD:
1.10
SYT:
-0.69
QYLD:
0.30
SYT:
-1.40
QYLD:
1.01
SYT:
43.07%
QYLD:
5.60%
SYT:
122.87%
QYLD:
19.16%
SYT:
-87.24%
QYLD:
-24.75%
SYT:
-87.24%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, SYT achieves a -50.00% return, which is significantly lower than QYLD's -5.59% return.
SYT
-50.00%
-58.16%
-42.86%
-56.52%
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
SYT vs. QYLD — Risk-Adjusted Performance Rank
SYT
QYLD
SYT vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SYLA Technologies Co. Ltd. American Depositary Shares (SYT) 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
SYT vs. QYLD - Dividend Comparison
SYT's dividend yield for the trailing twelve months is around 0.70%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYT SYLA Technologies Co. Ltd. American Depositary Shares | 0.70% | 0.35% | 0.20% | 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
SYT vs. QYLD - Drawdown Comparison
The maximum SYT drawdown since its inception was -87.24%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for SYT and QYLD.
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Volatility
SYT vs. QYLD - Volatility Comparison
SYLA Technologies Co. Ltd. American Depositary Shares (SYT) has a higher volatility of 85.79% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that SYT'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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