Correlation
The correlation between ZGFIX and QYLD is 0.84, 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.
ZGFIX vs. QYLD
Compare and contrast key facts about Ninety One Global Franchise Fund (ZGFIX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
ZGFIX is managed by Ninety One. It was launched on Dec 10, 2017. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZGFIX or QYLD.
Performance
ZGFIX vs. QYLD - Performance Comparison
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Key characteristics
ZGFIX:
1.34
QYLD:
0.34
ZGFIX:
1.72
QYLD:
0.56
ZGFIX:
1.25
QYLD:
1.10
ZGFIX:
1.56
QYLD:
0.30
ZGFIX:
7.26
QYLD:
1.01
ZGFIX:
2.35%
QYLD:
5.60%
ZGFIX:
14.17%
QYLD:
19.16%
ZGFIX:
-28.50%
QYLD:
-24.75%
ZGFIX:
-0.05%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, ZGFIX achieves a 10.91% return, which is significantly higher than QYLD's -5.59% return.
ZGFIX
10.91%
5.46%
9.37%
17.86%
10.97%
10.01%
N/A
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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ZGFIX vs. QYLD - Expense Ratio Comparison
ZGFIX has a 0.85% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
ZGFIX vs. QYLD — Risk-Adjusted Performance Rank
ZGFIX
QYLD
ZGFIX vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ninety One Global Franchise Fund (ZGFIX) 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.
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Dividends
ZGFIX vs. QYLD - Dividend Comparison
ZGFIX's dividend yield for the trailing twelve months is around 0.21%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZGFIX Ninety One Global Franchise Fund | 0.21% | 0.23% | 0.33% | 0.37% | 0.13% | 0.38% | 1.83% | 0.81% | 0.08% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.78% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
ZGFIX vs. QYLD - Drawdown Comparison
The maximum ZGFIX drawdown since its inception was -28.50%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ZGFIX and QYLD.
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Volatility
ZGFIX vs. QYLD - Volatility Comparison
Ninety One Global Franchise Fund (ZGFIX) has a higher volatility of 2.95% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that ZGFIX's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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