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 0.29, 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:
0.31
QYLD:
-0.25
WASH:
0.75
QYLD:
-0.22
WASH:
1.09
QYLD:
0.96
WASH:
0.22
QYLD:
-0.21
WASH:
1.01
QYLD:
-1.08
WASH:
11.99%
QYLD:
3.41%
WASH:
38.30%
QYLD:
14.83%
WASH:
-60.33%
QYLD:
-24.75%
WASH:
-45.91%
QYLD:
-17.76%
Returns By Period
In the year-to-date period, WASH achieves a -12.57% return, which is significantly higher than QYLD's -14.05% return. Over the past 10 years, WASH has underperformed QYLD with an annualized return of 1.19%, while QYLD has yielded a comparatively higher 6.84% annualized return.
WASH
-12.57%
-12.12%
-11.81%
13.17%
1.67%
1.19%
QYLD
-14.05%
-13.34%
-10.00%
-3.09%
8.02%
6.84%
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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 8.48%, less than QYLD's 14.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WASH Washington Trust Bancorp, Inc. | 8.48% | 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 | 14.90% | 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
Washington Trust Bancorp, Inc. (WASH) has a higher volatility of 11.77% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 9.12%. 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.