YYY vs. QYLD
Compare and contrast key facts about Amplify High Income ETF (YYY) and Global X NASDAQ 100 Covered Call ETF (QYLD).
YYY and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YYY is a passively managed fund by Amplify Investments that tracks the performance of the ISE High Income Index. It was launched on Jun 21, 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 YYY 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: YYY or QYLD.
Key characteristics
| YYY | QYLD | |
|---|---|---|
| YTD Return | 4.06% | 4.52% |
| 1Y Return | 13.13% | 13.16% |
| 3Y Return (Ann) | -1.82% | 3.48% |
| 5Y Return (Ann) | 1.98% | 6.51% |
| 10Y Return (Ann) | 2.78% | 7.42% |
| Sharpe Ratio | 1.47 | 1.64 |
| Daily Std Dev | 8.89% | 8.17% |
| Max Drawdown | -42.52% | -24.89% |
| Current Drawdown | -9.70% | -2.52% |
Correlation
The correlation between YYY and QYLD is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
YYY vs. QYLD - Performance Comparison
In the year-to-date period, YYY achieves a 4.06% return, which is significantly lower than QYLD's 4.52% return. Over the past 10 years, YYY has underperformed QYLD with an annualized return of 2.78%, while QYLD has yielded a comparatively higher 7.42% annualized 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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YYY vs. QYLD - Expense Ratio Comparison
YYY has a 2.45% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
YYY vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify High Income ETF (YYY) 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
YYY vs. QYLD - Dividend Comparison
YYY's dividend yield for the trailing twelve months is around 12.40%, more than QYLD's 11.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YYY Amplify High Income ETF | 12.40% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.83% | 10.34% | 10.77% | 9.54% | 5.14% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.89% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
YYY vs. QYLD - Drawdown Comparison
The maximum YYY drawdown since its inception was -42.52%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for YYY and QYLD. For additional features, visit the drawdowns tool.
Volatility
YYY vs. QYLD - Volatility Comparison
The current volatility for Amplify High Income ETF (YYY) is 2.68%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.86%. This indicates that YYY 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.