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 0.28, 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
WASH vs. QYLD - Performance Comparison
Key characteristics
WASH:
0.20
QYLD:
1.97
WASH:
0.59
QYLD:
2.69
WASH:
1.07
QYLD:
1.48
WASH:
0.15
QYLD:
2.65
WASH:
0.54
QYLD:
14.19
WASH:
14.61%
QYLD:
1.45%
WASH:
39.98%
QYLD:
10.40%
WASH:
-60.33%
QYLD:
-24.75%
WASH:
-37.48%
QYLD:
0.00%
Returns By Period
In the year-to-date period, WASH achieves a 3.76% return, which is significantly lower than QYLD's 19.32% return. Over the past 10 years, WASH has underperformed QYLD with an annualized return of 2.38%, while QYLD has yielded a comparatively higher 8.52% annualized return.
WASH
3.76%
-14.03%
27.77%
7.93%
-5.07%
2.38%
QYLD
19.32%
3.00%
10.81%
19.98%
7.37%
8.52%
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Risk-Adjusted Performance
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 7.07%, less than QYLD's 11.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WASH Washington Trust Bancorp, Inc. | 7.07% | 6.92% | 4.62% | 3.73% | 4.58% | 3.72% | 3.70% | 2.89% | 2.60% | 3.44% | 3.04% | 2.77% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.35% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
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
Washington Trust Bancorp, Inc. (WASH) has a higher volatility of 11.15% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.64%. This indicates that WASH'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.