^GSPTXDV vs. QYLD
Compare and contrast key facts about S&P/TSX Dividend Aristocrats (^GSPTXDV) and Global X NASDAQ 100 Covered Call ETF (QYLD).
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: ^GSPTXDV or QYLD.
Key characteristics
| ^GSPTXDV | QYLD | |
|---|---|---|
| YTD Return | 12.63% | 12.41% |
| 1Y Return | 17.11% | 15.75% |
| 3Y Return (Ann) | 2.92% | 3.96% |
| 5Y Return (Ann) | 5.01% | 7.21% |
| 10Y Return (Ann) | 2.68% | 7.57% |
| Sharpe Ratio | 1.88 | 1.45 |
| Daily Std Dev | 10.90% | 10.91% |
| Max Drawdown | -46.09% | -24.89% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ^GSPTXDV and QYLD is 0.47, 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
^GSPTXDV vs. QYLD - Performance Comparison
The year-to-date returns for both stocks are quite close, with ^GSPTXDV having a 12.63% return and QYLD slightly lower at 12.41%. Over the past 10 years, ^GSPTXDV has underperformed QYLD with an annualized return of 2.68%, while QYLD has yielded a comparatively higher 7.57% 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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Risk-Adjusted Performance
^GSPTXDV vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/TSX Dividend Aristocrats (^GSPTXDV) 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.
Drawdowns
^GSPTXDV vs. QYLD - Drawdown Comparison
The maximum ^GSPTXDV drawdown since its inception was -46.09%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for ^GSPTXDV and QYLD. For additional features, visit the drawdowns tool.
Volatility
^GSPTXDV vs. QYLD - Volatility Comparison
The current volatility for S&P/TSX Dividend Aristocrats (^GSPTXDV) is 2.33%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.80%. This indicates that ^GSPTXDV 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.