IQHI vs GDL
Comparison between NYLI MACKAY HIGH INCOME ETF (IQHI, ETF) and GDL Fund (GDL, ETF).
IQHI vs GDL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IQHI
$118M
GDL
$118M
Expense Ratio
IQHI
0.41%
GDL
N/A
Max Drawdown
Winner
IQHI
7.33%
GDL
71.51%
Sharpe Ratio
Winner
IQHI
0.91
GDL
0.47
5Y Beta
IQHI
0.14
Winner
GDL
0.10
5Y Dividends CAGR
IQHI
N/A
GDL
4.56%
IQHI vs GDL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IQHI
+0.84%
GDL
-0.12%
3M
Winner
IQHI
+2.10%
GDL
+0.99%
6M
Winner
IQHI
+2.71%
GDL
+2.16%
1Y
IQHI
+7.26%
Winner
GDL
+7.76%
5Y(CAGR)
IQHI
N/A
GDL
+4.66%
10Y(CAGR)
IQHI
N/A
GDL
+3.89%
Max(CAGR)
Winner
IQHI
+9.04%
GDL
+3.26%
IQHI vs GDL - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | IQHI | GDL |
|---|---|---|
| 2026 | +1.45% | +2.59% |
| 2025 | +8.31% | +11.53% |
| 2024 | +8.11% | +6.46% |
| 2023 | +11.98% | +8.16% |
| 2022 | +2.77% | -6.27% |
| 2021 | N/A | +8.15% |
| 2020 | N/A | -0.36% |
| 2019 | N/A | +6.91% |
| 2018 | N/A | -2.79% |
| 2017 | N/A | +4.29% |
| 2016 | N/A | +5.32% |
| 2015 | N/A | +4.44% |
| 2014 | N/A | +0.89% |
| 2013 | N/A | +6.69% |
| 2012 | N/A | +6.56% |
| 2011 | N/A | +5.01% |
| 2010 | N/A | +1.10% |
| 2009 | N/A | +17.35% |
| 2008 | N/A | -9.24% |
| 2007 | N/A | -13.32% |
IQHI vs GDL Drawdown Comparison
The maximum drawdown for IQHI was -4.19%, occurring on Feb 21, 2023. Recovery took 92 trading sessions.
The maximum drawdown for GDL was -38.67%, occurring on Mar 18, 2020. Recovery took 261 trading sessions.
The current GDL drawdown is -0.53%.
| Rank | IQHI | GDL |
|---|---|---|
| #1 | -4.19% Feb 2, 2023 - Jun 15, 2023 | -38.67% Jan 15, 2020 - Jan 28, 2021 |
| #2 | -3.97% Feb 28, 2025 - May 13, 2025 | -36.33% Jun 4, 2007 - Mar 17, 2011 |
| #3 | -3.40% Sep 1, 2023 - Nov 14, 2023 | -14.35% Jun 28, 2011 - Sep 12, 2012 |
| #4 | -2.46% Feb 20, 2026 - Apr 14, 2026 | -13.30% Oct 12, 2017 - Jan 8, 2020 |
| #5 | -2.41% Dec 13, 2022 - Jan 9, 2023 | -9.51% Dec 17, 2021 - Dec 14, 2023 |
| #6 | -1.92% Dec 27, 2023 - Feb 1, 2024 | -7.91% May 13, 2014 - May 13, 2015 |
| #7 | -1.90% Mar 28, 2024 - May 15, 2024 | -7.01% Oct 5, 2012 - Jan 23, 2013 |
| #8 | -1.68% Apr 17, 2026 - May 26, 2026 | -6.41% Jan 5, 2016 - Mar 21, 2016 |
| #9 | -1.60% Oct 28, 2022 - Nov 10, 2022 | -6.00% Mar 25, 2025 - May 21, 2025 |
| #10 | -1.38% Dec 6, 2024 - Jan 24, 2025 | -4.89% May 18, 2015 - Dec 22, 2015 |
| #11 | -1.18% Jul 31, 2023 - Aug 29, 2023 | -4.17% May 20, 2013 - Sep 26, 2013 |
| #12 | -1.16% Oct 27, 2025 - Nov 28, 2025 | -3.54% Mar 26, 2013 - May 16, 2013 |
| #13 | -1.11% Jun 16, 2023 - Jul 12, 2023 | -3.34% Dec 26, 2023 - Mar 21, 2024 |
| #14 | -1.08% Sep 22, 2025 - Oct 27, 2025 | -3.22% Sep 30, 2016 - Dec 20, 2016 |
| #15 | -1.07% May 15, 2024 - Jun 4, 2024 | -3.22% Feb 2, 2026 - May 14, 2026 |
Correlation
Correlation between IQHI and GDL is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2007 - 2026)
IQHI vs GDL dividend yield comparison.
| Year | IQHI | GDL |
|---|---|---|
| 2026 | 2.72% | 1.42% |
| 2025 | 7.88% | 5.67% |
| 2024 | 8.83% | 5.99% |
| 2023 | 6.92% | 5.97% |
| 2022 | 1.29% | 6.12% |
| 2021 | 0.00% | 5.38% |
| 2020 | 0.00% | 5.28% |
| 2019 | 0.00% | 4.30% |
| 2018 | 0.00% | 4.36% |
| 2017 | 0.00% | 5.96% |
| 2016 | 0.00% | 6.50% |
| 2015 | 0.00% | 6.39% |
| 2014 | 0.00% | 7.82% |
| 2013 | 0.00% | 11.62% |
| 2012 | 0.00% | 11.21% |
| 2011 | 0.00% | 19.85% |
| 2010 | 0.00% | 9.57% |
| 2009 | 0.00% | 8.88% |
| 2008 | 0.00% | 12.18% |
| 2007 | 0.00% | 7.50% |
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