Correlation
The correlation between UAN and QYLD is 0.78, 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.
UAN vs. QYLD
Compare and contrast key facts about CVR Partners, LP (UAN) 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: UAN or QYLD.
Performance
UAN vs. QYLD - Performance Comparison
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Key characteristics
UAN:
0.41
QYLD:
0.34
UAN:
0.66
QYLD:
0.56
UAN:
1.09
QYLD:
1.10
UAN:
0.22
QYLD:
0.30
UAN:
1.00
QYLD:
1.01
UAN:
8.98%
QYLD:
5.60%
UAN:
28.73%
QYLD:
19.16%
UAN:
-96.77%
QYLD:
-24.75%
UAN:
-18.41%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, UAN achieves a 14.57% return, which is significantly higher than QYLD's -5.59% return. Over the past 10 years, UAN has underperformed QYLD with an annualized return of 3.74%, while QYLD has yielded a comparatively higher 7.67% annualized return.
UAN
14.57%
7.22%
6.65%
11.11%
2.54%
77.27%
3.74%
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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Risk-Adjusted Performance
UAN vs. QYLD — Risk-Adjusted Performance Rank
UAN
QYLD
UAN vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CVR Partners, LP (UAN) 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
UAN vs. QYLD - Dividend Comparison
UAN's dividend yield for the trailing twelve months is around 8.58%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UAN CVR Partners, LP | 8.58% | 8.81% | 40.64% | 19.21% | 5.62% | 0.00% | 12.90% | 0.00% | 0.61% | 11.81% | 15.61% | 14.48% |
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
UAN vs. QYLD - Drawdown Comparison
The maximum UAN drawdown since its inception was -96.77%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for UAN and QYLD.
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Volatility
UAN vs. QYLD - Volatility Comparison
CVR Partners, LP (UAN) has a higher volatility of 4.30% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that UAN'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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