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% | 29.05M | Nov 2024 | XYLD vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | XYLD vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | XYLD vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | XYLD vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | XYLD vs TLTX |
Best Risk-Adjusted Alternatives to XYLD
XYLD has a PortfoliosLab risk / return rank of 94. There is 1 ETF in the Derivative Income category with a higher risk-adjusted rank, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | XYLD vs THTA | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | XYLD vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | XYLD vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | XYLD vs RYLD | |
| Roundhill GOOGL WeeklyPay™ ETF | 92 | 85.69M | Jul 2025 | XYLD vs GOOW |
Top Performing XYLD Alternatives (YTD)
XYLD is at 8.63% YTD. There are 113 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | XYLD vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | XYLD vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | XYLD vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | XYLD vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | XYLD vs SOXY |
Lowest Volatility Alternatives to XYLD
XYLD has 7.10% 1-year volatility. There are 13 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | XYLD vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | XYLD vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | XYLD vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | XYLD vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | XYLD vs BUYW |
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% | 489.70M | Oct 2022 | XYLD vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | XYLD vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | XYLD vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | XYLD vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | XYLD vs THTA |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 15 categories. AUM among these funds goes as high as $15B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 87 | 8.73% | 8.09B | Dec 2013 | XYLD vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 16 | -0.33% | 7.00B | Sep 2023 | XYLD vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Artificial Intelligence, Technology Equities | 53 | 19.09% | 10.34B | May 2018 | XYLD vs AIQ | |
| Global X Uranium ETF | Uranium | 18 | -4.49% | 5.45B | Nov 2010 | XYLD vs URA | |
| Global X Copper Miners ETF | Copper | 76 | 10.92% | 7.34B | Apr 2010 | XYLD vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Artificial Intelligence, Robotics, Technology Equities | 19 | -0.78% | 3.31B | Sep 2016 | XYLD vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 42 | -9.13% | 3.96B | Apr 2010 | XYLD vs SIL | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 78 | 32.24% | 2.30B | Oct 2020 | XYLD vs DTCR | |
| Global X US Infrastructure Development ETF | Infrastructure Equities, Industrials Equities | 61 | 20.61% | 14.54B | Mar 2017 | XYLD vs PAVE | |
| Global X SuperDividend ETF | Global Equities, Dividend | 66 | 8.49% | 1.21B | Jun 2011 | XYLD vs SDIV |
Often Compared With XYLD
Investors most often compare XYLD with JEPI, SPY, XYLG. These 20 comparison targets span 7 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