WASH vs. QYLD
Compare and contrast key facts about Washington Trust Bancorp, Inc. (WASH) 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: WASH or QYLD.
Correlation
The correlation between WASH 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.
Performance
WASH vs. QYLD - Performance Comparison
Key characteristics
WASH:
0.34
QYLD:
0.32
WASH:
0.78
QYLD:
0.60
WASH:
1.10
QYLD:
1.10
WASH:
0.25
QYLD:
0.32
WASH:
0.93
QYLD:
1.33
WASH:
13.91%
QYLD:
4.59%
WASH:
38.50%
QYLD:
19.11%
WASH:
-60.33%
QYLD:
-24.75%
WASH:
-43.25%
QYLD:
-11.29%
Returns By Period
In the year-to-date period, WASH achieves a -8.27% return, which is significantly lower than QYLD's -7.28% return. Over the past 10 years, WASH has underperformed QYLD with an annualized return of 1.64%, while QYLD has yielded a comparatively higher 7.51% annualized return.
WASH
-8.27%
-10.57%
-15.97%
14.95%
2.65%
1.64%
QYLD
-7.28%
-2.68%
-4.25%
6.25%
8.71%
7.51%
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Risk-Adjusted Performance
WASH vs. QYLD — Risk-Adjusted Performance Rank
WASH
QYLD
WASH vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Washington Trust Bancorp, Inc. (WASH) 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
WASH vs. QYLD - Dividend Comparison
WASH's dividend yield for the trailing twelve months is around 8.08%, less than QYLD's 13.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WASH Washington Trust Bancorp, Inc. | 8.08% | 5.36% | 6.92% | 4.62% | 3.73% | 4.58% | 3.72% | 3.70% | 2.89% | 2.60% | 3.44% | 3.04% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.87% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
WASH vs. QYLD - Drawdown Comparison
The maximum WASH drawdown since its inception was -60.33%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for WASH and QYLD. For additional features, visit the drawdowns tool.
Volatility
WASH vs. QYLD - Volatility Comparison
The current volatility for Washington Trust Bancorp, Inc. (WASH) is 13.35%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 14.23%. This indicates that WASH 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.