Global X S&P 500 Covered Call ETF (XYLD) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with XYLD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to XYLD
XYLD charges 0.60% annually. There are 55 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.28M | Nov 2024 | XYLD vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | XYLD vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | XYLD vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | XYLD vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 352.13M | Dec 2007 | XYLD vs PBP |
Best Risk-Adjusted Alternatives to XYLD
XYLD has a PortfoliosLab risk / return rank of 90. There are 7 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | XYLD vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 474.96M | Oct 2022 | XYLD vs BUCK | |
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | XYLD vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 93 | 443.39M | Sep 2023 | XYLD vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | XYLD vs GOOY |
Top Performing XYLD Alternatives (YTD)
XYLD is at 7.16% YTD. There are 105 ETFs in the Derivative Income category with higher YTD returns, going as high as 207.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 207.86% | 27.86M | Oct 2025 | XYLD vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 184.48% | 116.76M | Jul 2025 | XYLD vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 109.12% | 443.39M | Sep 2023 | XYLD vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 89.76% | 127.56M | Oct 2023 | XYLD vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 74.58% | 1.16B | Apr 2025 | XYLD vs CHPY |
Lowest Volatility Alternatives to XYLD
XYLD has 6.94% 1-year volatility. There are 12 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | XYLD vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.45% | 206.17M | Apr 2026 | XYLD vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | XYLD vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.26B | Dec 2015 | XYLD vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.08% | 726.94K | May 2026 | XYLD vs FIYY |
Lowest Drawdown Alternatives to XYLD
XYLD has a 1-year max drawdown of -5.29%. There are 14 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | XYLD vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | XYLD vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | XYLD vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | XYLD vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | XYLD vs OMAH |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 13 categories. AUM among these funds goes as high as $14B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 90 | 10.42% | 8.37B | Dec 2013 | XYLD vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 9 | -6.76% | 6.91B | Sep 2023 | XYLD vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 57 | 21.83% | 10.08B | May 2018 | XYLD vs AIQ | |
| Global X Uranium ETF | Uranium | 14 | -2.76% | 5.92B | Nov 2010 | XYLD vs URA | |
| Global X Copper Miners ETF | Copper | 63 | 10.03% | 6.98B | Apr 2010 | XYLD vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 18 | -0.92% | 3.44B | Sep 2016 | XYLD vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 32 | -9.44% | 4.14B | Apr 2010 | XYLD vs SIL | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 83 | 35.71% | 2.25B | Oct 2020 | XYLD vs DTCR | |
| Global X US Infrastructure Development ETF | Industrials Equities | 52 | 18.87% | 14.01B | Mar 2017 | XYLD vs PAVE | |
| Global X SuperDividend ETF | Global Equities, Dividend | 44 | 7.62% | 1.20B | Jun 2011 | XYLD vs SDIV |
Often Compared With XYLD
Investors most often compare XYLD with JEPI, SPY, RYLD. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare XYLD with Any Fund or Stock
Compare XYLD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair XYLD with funds that move differently
Global X S&P 500 Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XYLD.
Explore XYLD Diversifiers