Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | 90% |
XYLD Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 10% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BIL + COVERD CALL, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Jun 24, 2013, corresponding to the inception date of XYLD
Returns By Period
As of Apr 2, 2026, the BIL + COVERD CALL returned 0.78% Year-To-Date and 2.78% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio BIL + COVERD CALL | 0.04% | 0.10% | 0.78% | 2.26% | 4.69% | 5.29% | 3.70% | 2.78% |
| Portfolio components: | ||||||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.02% | 0.31% | 0.90% | 1.85% | 4.01% | 4.71% | 3.28% | 2.13% |
XYLD Global X S&P 500 Covered Call ETF | 0.15% | -1.86% | -0.43% | 5.71% | 10.79% | 10.37% | 7.08% | 7.91% |
Monthly Returns
Based on dividend-adjusted daily data since Jun 25, 2013, BIL + COVERD CALL's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, your investment would double in approximately 30.4 years.
Historically, 77% of months were positive and 23% were negative. The best month was Oct 2015 with a return of +0.9%, while the worst month was Mar 2020 at -1.3%. The longest winning streak lasted 29 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BIL + COVERD CALL closed higher 61% of trading days. The best single day was Apr 9, 2025 with a return of +0.8%, while the worst single day was Mar 16, 2020 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.32% | -0.03% | 0.11% | 0.78% | ||||||||
| 2025 | 0.51% | 0.23% | -0.17% | 0.11% | 0.42% | 0.57% | 0.39% | 0.43% | 0.46% | 0.56% | 0.49% | 0.47% | 4.56% |
| 2024 | 0.56% | 0.57% | 0.61% | 0.26% | 0.52% | 0.52% | 0.51% | 0.71% | 0.51% | 0.29% | 0.73% | 0.59% | 6.57% |
| 2023 | 0.70% | 0.28% | 0.55% | 0.42% | 0.44% | 0.60% | 0.49% | 0.28% | 0.09% | 0.30% | 0.70% | 0.58% | 5.56% |
| 2022 | -0.23% | -0.09% | 0.45% | -0.50% | -0.33% | -0.20% | 0.42% | -0.36% | -0.47% | 0.73% | 0.50% | 0.16% | 0.07% |
| 2021 | 0.04% | 0.07% | 0.45% | 0.08% | 0.16% | 0.22% | 0.03% | 0.25% | -0.17% | 0.44% | -0.19% | 0.37% | 1.76% |
Benchmark Metrics
BIL + COVERD CALL has an annualized alpha of 1.49%, beta of 0.07, and R² of 0.72 versus S&P 500 Index. Calculated based on daily prices since June 25, 2013.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.05%) than losses (3.96%) — typical of diversified or defensive assets.
- Beta of 0.07 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.49%
- Beta
- 0.07
- R²
- 0.72
- Upside Capture
- 9.05%
- Downside Capture
- 3.96%
Expense Ratio
BIL + COVERD CALL has an expense ratio of 0.19%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
BIL + COVERD CALL ranks 98 for risk / return — in the top 98% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.53 | 0.88 | +2.65 |
Sortino ratioReturn per unit of downside risk | 5.64 | 1.37 | +4.27 |
Omega ratioGain probability vs. loss probability | 2.37 | 1.21 | +1.16 |
Calmar ratioReturn relative to maximum drawdown | 4.97 | 1.39 | +3.58 |
Martin ratioReturn relative to average drawdown | 38.97 | 6.43 | +32.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 100 | 19.57 | 254.91 | 180.89 | 367.86 | 4,130.10 |
XYLD Global X S&P 500 Covered Call ETF | 47 | 0.77 | 1.25 | 1.26 | 1.10 | 6.41 |
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Dividends
Dividend yield
BIL + COVERD CALL provided a 4.65% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.65% | 4.77% | 5.68% | 5.48% | 2.56% | 0.91% | 1.06% | 2.42% | 2.21% | 1.13% | 0.38% | 0.47% |
| Portfolio components: | ||||||||||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 3.96% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.92% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BIL + COVERD CALL. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BIL + COVERD CALL was 3.24%, occurring on Mar 23, 2020. Recovery took 177 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.24% | Feb 20, 2020 | 23 | Mar 23, 2020 | 177 | Dec 2, 2020 | 200 |
| -1.48% | Apr 21, 2022 | 113 | Sep 30, 2022 | 67 | Jan 6, 2023 | 180 |
| -1.35% | Sep 21, 2018 | 65 | Dec 24, 2018 | 37 | Feb 19, 2019 | 102 |
| -1.22% | Jun 23, 2015 | 162 | Feb 11, 2016 | 79 | Jun 6, 2016 | 241 |
| -1.15% | Feb 21, 2025 | 33 | Apr 8, 2025 | 22 | May 9, 2025 | 55 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 1.22, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | BIL | XYLD | Portfolio | |
|---|---|---|---|---|
| Benchmark | 1.00 | 0.00 | 0.82 | 0.78 |
| BIL | 0.00 | 1.00 | 0.00 | 0.25 |
| XYLD | 0.82 | 0.00 | 1.00 | 0.95 |
| Portfolio | 0.78 | 0.25 | 0.95 | 1.00 |