XYLG vs. QQQX
Compare and contrast key facts about Global X S&P 500 Covered Call & Growth ETF (XYLG) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX).
XYLG is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 BuyWrite Index. It was launched on Sep 18, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XYLG or QQQX.
Correlation
The correlation between XYLG and QQQX 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
XYLG vs. QQQX - Performance Comparison
Key characteristics
XYLG:
2.47
QQQX:
1.92
XYLG:
3.33
QQQX:
2.57
XYLG:
1.49
QQQX:
1.34
XYLG:
3.38
QQQX:
2.09
XYLG:
17.04
QQQX:
9.62
XYLG:
1.42%
QQQX:
2.90%
XYLG:
9.81%
QQQX:
14.58%
XYLG:
-21.30%
QQQX:
-57.24%
XYLG:
-0.14%
QQQX:
-0.76%
Returns By Period
In the year-to-date period, XYLG achieves a 1.73% return, which is significantly higher than QQQX's 1.00% return.
XYLG
1.73%
2.82%
10.99%
23.64%
N/A
N/A
QQQX
1.00%
4.31%
15.43%
27.36%
9.79%
11.51%
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Risk-Adjusted Performance
XYLG vs. QQQX — Risk-Adjusted Performance Rank
XYLG
QQQX
XYLG vs. QQQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call & Growth ETF (XYLG) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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
XYLG vs. QQQX - Dividend Comparison
XYLG's dividend yield for the trailing twelve months is around 23.25%, more than QQQX's 6.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XYLG Global X S&P 500 Covered Call & Growth ETF | 23.25% | 23.65% | 5.38% | 6.44% | 7.41% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.66% | 6.73% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% |
Drawdowns
XYLG vs. QQQX - Drawdown Comparison
The maximum XYLG drawdown since its inception was -21.30%, smaller than the maximum QQQX drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for XYLG and QQQX. For additional features, visit the drawdowns tool.
Volatility
XYLG vs. QQQX - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call & Growth ETF (XYLG) is 3.90%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 5.75%. This indicates that XYLG experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.