YAVG.NEO vs. EMCL.NEO
YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) and EMCL.NEO (Global X Enhanced MSCI Emerging Markets Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YAVG.NEO returned 77.35% vs 47.60% for EMCL.NEO. At a 0.38 correlation, their price movements are largely independent.
Performance
YAVG.NEO vs. EMCL.NEO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with YAVG.NEO having a 28.21% return and EMCL.NEO slightly lower at 26.93%.
YAVG.NEO
- 1D
- -0.24%
- 1M
- -9.66%
- YTD
- 28.21%
- 6M
- 27.63%
- 1Y
- 77.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMCL.NEO
- 1D
- 0.27%
- 1M
- 3.04%
- YTD
- 26.93%
- 6M
- 28.29%
- 1Y
- 47.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YAVG.NEO vs. EMCL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 28.21% | 56.73% |
EMCL.NEO Global X Enhanced MSCI Emerging Markets Covered Call ETF | 26.93% | 15.78% |
Correlation
The correlation between YAVG.NEO and EMCL.NEO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.38 |
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Return for Risk
YAVG.NEO vs. EMCL.NEO — Risk / Return Rank
YAVG.NEO
EMCL.NEO
YAVG.NEO vs. EMCL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) and Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YAVG.NEO | EMCL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 3.74 | -0.72 |
| Martin ratioReturn relative to average drawdown | 8.08 | 13.41 | -5.33 |
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Drawdowns
YAVG.NEO vs. EMCL.NEO - Drawdown Comparison
The maximum YAVG.NEO drawdown since its inception was -40.03%, which is greater than EMCL.NEO's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for YAVG.NEO and EMCL.NEO.
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Drawdown Indicators
| YAVG.NEO | EMCL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.03% | -19.73% | -20.30% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -13.12% | -12.78% |
Current DrawdownCurrent decline from peak | -20.24% | -4.65% | -15.59% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -2.57% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.63% | 3.61% | +6.02% |
Volatility
YAVG.NEO vs. EMCL.NEO - Volatility Comparison
Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a higher volatility of 28.33% compared to Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO) at 12.60%. This indicates that YAVG.NEO's price experiences larger fluctuations and is considered to be riskier than EMCL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YAVG.NEO | EMCL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.33% | 12.60% | +15.73% |
Volatility (6M)Calculated over the trailing 6-month period | 42.95% | 20.76% | +22.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 22.56% | +31.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.06% | 23.02% | +33.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.06% | 23.02% | +33.04% |
Dividends
YAVG.NEO vs. EMCL.NEO - Dividend Comparison
YAVG.NEO's dividend yield for the trailing twelve months is around 27.15%, more than EMCL.NEO's 10.20% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EMCL.NEO Global X Enhanced MSCI Emerging Markets Covered Call ETF | 10.20% | 9.86% | 3.10% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 27.15% | 8.90% | 0.00% |
Frequently Asked Questions
YAVG.NEO and EMCL.NEO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Purpose Investments and Global X.
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