TYLD vs. QYLD
Compare and contrast key facts about Cambria Tactical Yield ETF (TYLD) and Global X NASDAQ 100 Covered Call ETF (QYLD).
TYLD and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYLD is an actively managed fund by Cambria. It was launched on Jan 4, 2024. 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: TYLD or QYLD.
Correlation
The correlation between TYLD and QYLD is 0.06, 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
TYLD vs. QYLD - Performance Comparison
Key characteristics
TYLD:
2.29
QYLD:
1.90
TYLD:
3.51
QYLD:
2.59
TYLD:
1.64
QYLD:
1.44
TYLD:
4.91
QYLD:
2.62
TYLD:
16.88
QYLD:
13.91
TYLD:
0.31%
QYLD:
1.46%
TYLD:
2.28%
QYLD:
10.72%
TYLD:
-1.06%
QYLD:
-24.75%
TYLD:
0.00%
QYLD:
0.00%
Returns By Period
In the year-to-date period, TYLD achieves a 0.51% return, which is significantly lower than QYLD's 4.51% return.
TYLD
0.51%
0.40%
2.43%
5.21%
N/A
N/A
QYLD
4.51%
2.11%
12.72%
21.07%
8.00%
8.98%
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TYLD vs. QYLD - Expense Ratio Comparison
TYLD has a 0.59% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
TYLD vs. QYLD — Risk-Adjusted Performance Rank
TYLD
QYLD
TYLD vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tactical Yield ETF (TYLD) 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
TYLD vs. QYLD - Dividend Comparison
TYLD's dividend yield for the trailing twelve months is around 4.22%, less than QYLD's 11.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYLD Cambria Tactical Yield ETF | 4.22% | 4.24% | 0.00% | 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 | 11.19% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
TYLD vs. QYLD - Drawdown Comparison
The maximum TYLD drawdown since its inception was -1.06%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for TYLD and QYLD. For additional features, visit the drawdowns tool.
Volatility
TYLD vs. QYLD - Volatility Comparison
The current volatility for Cambria Tactical Yield ETF (TYLD) is 0.33%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.25%. This indicates that TYLD experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.