TILT vs. QYLD
Compare and contrast key facts about FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and Global X NASDAQ 100 Covered Call ETF (QYLD).
TILT and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TILT is a passively managed fund by Northern Trust that tracks the performance of the Morningstar US Market Factor Tilt Index. It was launched on Sep 16, 2011. 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 TILT 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: TILT or QYLD.
Key characteristics
| TILT | QYLD | |
|---|---|---|
| YTD Return | 9.55% | 5.96% |
| 1Y Return | 30.75% | 13.48% |
| 3Y Return (Ann) | 7.60% | 4.79% |
| 5Y Return (Ann) | 13.56% | 7.01% |
| 10Y Return (Ann) | 11.37% | 7.46% |
| Sharpe Ratio | 2.32 | 1.66 |
| Daily Std Dev | 12.77% | 8.11% |
| Max Drawdown | -38.45% | -24.89% |
| Current Drawdown | 0.00% | -1.18% |
Correlation
The correlation between TILT and QYLD is 0.72, 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
TILT vs. QYLD - Performance Comparison
In the year-to-date period, TILT achieves a 9.55% return, which is significantly higher than QYLD's 5.96% return. Over the past 10 years, TILT has outperformed QYLD with an annualized return of 11.37%, while QYLD has yielded a comparatively lower 7.46% annualized 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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TILT vs. QYLD - Expense Ratio Comparison
TILT has a 0.25% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
TILT vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) 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
TILT vs. QYLD - Dividend Comparison
TILT's dividend yield for the trailing twelve months is around 1.33%, less than QYLD's 11.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 1.33% | 1.44% | 1.60% | 1.16% | 1.49% | 1.54% | 1.97% | 1.55% | 1.60% | 1.98% | 1.33% | 0.98% |
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% | 0.00% |
Drawdowns
TILT vs. QYLD - Drawdown Comparison
The maximum TILT drawdown since its inception was -38.45%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for TILT and QYLD. For additional features, visit the drawdowns tool.
Volatility
TILT vs. QYLD - Volatility Comparison
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) has a higher volatility of 3.30% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.66%. This indicates that TILT'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.