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.
Key characteristics
| XYLG | QQQX | |
|---|---|---|
| YTD Return | 8.04% | 4.59% |
| 1Y Return | 18.42% | 6.50% |
| 3Y Return (Ann) | 7.08% | 3.08% |
| Sharpe Ratio | 2.13 | 0.42 |
| Daily Std Dev | 8.59% | 15.59% |
| Max Drawdown | -21.31% | -57.25% |
| Current Drawdown | -0.44% | -8.12% |
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
In the year-to-date period, XYLG achieves a 8.04% return, which is significantly higher than QQQX's 4.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 4.42%, less than QQQX's 7.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XYLG Global X S&P 500 Covered Call & Growth ETF | 4.42% | 5.37% | 6.44% | 7.40% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 7.06% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
Drawdowns
XYLG vs. QQQX - Drawdown Comparison
The maximum XYLG drawdown since its inception was -21.31%, smaller than the maximum QQQX drawdown of -57.25%. 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 2.41%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 4.05%. 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.