XYLE vs. QYLD
Compare and contrast key facts about Global X S&P 500 ESG Covered Call ETF (XYLE) and Global X NASDAQ 100 Covered Call ETF (QYLD).
XYLE and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XYLE is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 ESG BuyWrite Index - Benchmark TR Net. It was launched on Feb 21, 2023. 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 XYLE 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: XYLE or QYLD.
Correlation
The correlation between XYLE and QYLD is 0.76, 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
XYLE vs. QYLD - Performance Comparison
Key characteristics
XYLE:
2.07
QYLD:
1.90
XYLE:
2.87
QYLD:
2.59
XYLE:
1.46
QYLD:
1.44
XYLE:
2.86
QYLD:
2.62
XYLE:
15.64
QYLD:
13.91
XYLE:
1.15%
QYLD:
1.46%
XYLE:
8.69%
QYLD:
10.72%
XYLE:
-7.96%
QYLD:
-24.75%
XYLE:
-0.37%
QYLD:
0.00%
Returns By Period
In the year-to-date period, XYLE achieves a 2.31% return, which is significantly lower than QYLD's 4.51% return.
XYLE
2.31%
0.91%
10.25%
18.95%
N/A
N/A
QYLD
4.51%
2.11%
12.72%
21.07%
8.00%
8.98%
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XYLE vs. QYLD - Expense Ratio Comparison
Both XYLE and QYLD have an expense ratio of 0.60%.
Risk-Adjusted Performance
XYLE vs. QYLD — Risk-Adjusted Performance Rank
XYLE
QYLD
XYLE vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 ESG Covered Call ETF (XYLE) 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
XYLE vs. QYLD - Dividend Comparison
XYLE's dividend yield for the trailing twelve months is around 16.33%, more than QYLD's 11.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XYLE Global X S&P 500 ESG Covered Call ETF | 16.33% | 17.07% | 6.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.19% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
XYLE vs. QYLD - Drawdown Comparison
The maximum XYLE drawdown since its inception was -7.96%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for XYLE and QYLD. For additional features, visit the drawdowns tool.
Volatility
XYLE vs. QYLD - Volatility Comparison
The current volatility for Global X S&P 500 ESG Covered Call ETF (XYLE) is 1.90%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.25%. This indicates that XYLE 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.