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.
Key characteristics
| UAN | QYLD | |
|---|---|---|
| YTD Return | 15.60% | 18.06% |
| 1Y Return | -1.87% | 22.66% |
| 3Y Return (Ann) | 15.35% | 5.37% |
| 5Y Return (Ann) | 31.97% | 7.67% |
| 10Y Return (Ann) | 3.72% | 8.44% |
| Sharpe Ratio | -0.10 | 2.26 |
| Sortino Ratio | 0.11 | 3.10 |
| Omega Ratio | 1.01 | 1.55 |
| Calmar Ratio | -0.07 | 2.93 |
| Martin Ratio | -0.25 | 16.14 |
| Ulcer Index | 12.87% | 1.41% |
| Daily Std Dev | 33.67% | 10.05% |
| Max Drawdown | -96.77% | -24.89% |
| Current Drawdown | -35.27% | 0.00% |
Correlation
The correlation between UAN and QYLD is 0.19, 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
UAN vs. QYLD - Performance Comparison
In the year-to-date period, UAN achieves a 15.60% return, which is significantly lower than QYLD's 18.06% return. Over the past 10 years, UAN has underperformed QYLD with an annualized return of 3.72%, while QYLD has yielded a comparatively higher 8.44% 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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Risk-Adjusted Performance
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.
Dividends
UAN vs. QYLD - Dividend Comparison
UAN's dividend yield for the trailing twelve months is around 11.94%, more than QYLD's 11.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UAN CVR Partners, LP | 9.69% | 40.64% | 19.21% | 5.62% | 0.00% | 12.90% | 0.00% | 0.61% | 11.81% | 15.61% | 14.48% | 10.60% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.25% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
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 -24.89%. Use the drawdown chart below to compare losses from any high point for UAN and QYLD. For additional features, visit the drawdowns tool.
Volatility
UAN vs. QYLD - Volatility Comparison
CVR Partners, LP (UAN) has a higher volatility of 10.88% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.54%. 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.