Correlation
The correlation between TWO and QYLD is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
TWO vs. QYLD
Compare and contrast key facts about Two Harbors Investment Corp. (TWO) 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: TWO or QYLD.
Performance
TWO vs. QYLD - Performance Comparison
Loading data...
Key characteristics
TWO:
-0.32
QYLD:
0.35
TWO:
-0.11
QYLD:
0.61
TWO:
0.99
QYLD:
1.10
TWO:
-0.08
QYLD:
0.33
TWO:
-0.55
QYLD:
1.12
TWO:
10.01%
QYLD:
5.64%
TWO:
26.00%
QYLD:
19.19%
TWO:
-84.71%
QYLD:
-24.75%
TWO:
-68.56%
QYLD:
-9.28%
Returns By Period
In the year-to-date period, TWO achieves a -6.81% return, which is significantly lower than QYLD's -5.19% return. Over the past 10 years, TWO has underperformed QYLD with an annualized return of -6.48%, while QYLD has yielded a comparatively higher 7.72% annualized return.
TWO
-6.81%
-13.73%
-7.12%
-8.18%
-9.27%
-0.90%
-6.48%
QYLD
-5.19%
1.44%
-3.60%
6.66%
9.52%
7.86%
7.72%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
TWO vs. QYLD — Risk-Adjusted Performance Rank
TWO
QYLD
TWO vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Two Harbors Investment Corp. (TWO) 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.
Loading data...
Dividends
TWO vs. QYLD - Dividend Comparison
TWO's dividend yield for the trailing twelve months is around 17.58%, more than QYLD's 13.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TWO Two Harbors Investment Corp. | 17.58% | 15.22% | 15.08% | 12.94% | 11.79% | 7.85% | 11.42% | 14.64% | 10.65% | 10.67% | 12.84% | 10.38% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.72% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
TWO vs. QYLD - Drawdown Comparison
The maximum TWO drawdown since its inception was -84.71%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for TWO and QYLD.
Loading data...
Volatility
TWO vs. QYLD - Volatility Comparison
Two Harbors Investment Corp. (TWO) has a higher volatility of 9.56% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.93%. This indicates that TWO'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.
Loading data...