TDV vs. QYLD
Compare and contrast key facts about ProShares S&P Technology Dividend Aristocrats ETF (TDV) and Global X NASDAQ 100 Covered Call ETF (QYLD).
TDV and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDV is a passively managed fund by ProShares that tracks the performance of the Zacks 2040 Lifecycle Index. It was launched on Nov 5, 2019. 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. Both TDV and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TDV or QYLD.
Key characteristics
| TDV | QYLD | |
|---|---|---|
| YTD Return | 2.97% | 5.96% |
| 1Y Return | 22.19% | 13.67% |
| 3Y Return (Ann) | 9.09% | 4.90% |
| Sharpe Ratio | 1.39 | 1.70 |
| Daily Std Dev | 15.39% | 8.11% |
| Max Drawdown | -32.78% | -24.89% |
| Current Drawdown | -0.75% | -1.18% |
Correlation
The correlation between TDV and QYLD is 0.79, 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.
Performance
TDV vs. QYLD - Performance Comparison
In the year-to-date period, TDV achieves a 2.97% return, which is significantly lower than QYLD's 5.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TDV vs. QYLD - Expense Ratio Comparison
TDV has a 0.66% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
TDV vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) 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
TDV vs. QYLD - Dividend Comparison
TDV's dividend yield for the trailing twelve months is around 1.15%, less than QYLD's 11.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TDV ProShares S&P Technology Dividend Aristocrats ETF | 1.15% | 1.16% | 1.67% | 1.08% | 1.10% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.73% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
TDV vs. QYLD - Drawdown Comparison
The maximum TDV drawdown since its inception was -32.78%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for TDV and QYLD. For additional features, visit the drawdowns tool.
Volatility
TDV vs. QYLD - Volatility Comparison
ProShares S&P Technology Dividend Aristocrats ETF (TDV) has a higher volatility of 4.79% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.78%. This indicates that TDV'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.