XYLD vs. QYLD
Compare and contrast key facts about Global X S&P 500 Covered Call ETF (XYLD) and Global X NASDAQ 100 Covered Call ETF (QYLD).
XYLD and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013. 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. Both XYLD and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XYLD or QYLD.
Performance
XYLD vs. QYLD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with XYLD having a 15.79% return and QYLD slightly higher at 15.85%. Over the past 10 years, XYLD has underperformed QYLD with an annualized return of 6.77%, while QYLD has yielded a comparatively higher 8.43% annualized return.
XYLD
15.79%
1.48%
9.72%
18.57%
6.63%
6.77%
QYLD
15.85%
0.23%
9.06%
19.50%
7.28%
8.43%
Key characteristics
| XYLD | QYLD | |
|---|---|---|
| Sharpe Ratio | 2.69 | 1.86 |
| Sortino Ratio | 3.65 | 2.54 |
| Omega Ratio | 1.70 | 1.45 |
| Calmar Ratio | 3.05 | 2.49 |
| Martin Ratio | 23.50 | 13.46 |
| Ulcer Index | 0.79% | 1.43% |
| Daily Std Dev | 6.90% | 10.35% |
| Max Drawdown | -33.46% | -24.75% |
| Current Drawdown | -0.16% | -1.93% |
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XYLD vs. QYLD - Expense Ratio Comparison
Both XYLD and QYLD have an expense ratio of 0.60%.
Correlation
The correlation between XYLD and QYLD is 0.70, 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.
Risk-Adjusted Performance
XYLD vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (XYLD) 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
XYLD vs. QYLD - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 9.43%, less than QYLD's 11.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 9.43% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.69% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
XYLD vs. QYLD - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for XYLD and QYLD. For additional features, visit the drawdowns tool.
Volatility
XYLD vs. QYLD - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 2.45%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 3.54%. This indicates that XYLD 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.