Global X S&P 500 Covered Call & Growth ETF (XYLG) 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 XYLG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to XYLG
XYLG charges 0.35% annually. There are 11 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% | 27.32M | Nov 2024 | XYLG vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | XYLG vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | XYLG vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | XYLG vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 347.16M | Dec 2007 | XYLG vs PBP |
Best Risk-Adjusted Alternatives to XYLG
XYLG has a PortfoliosLab risk / return rank of 66. There are 31 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | XYLG vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | XYLG vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | XYLG vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | XYLG vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | XYLG vs BUCK |
Top Performing XYLG Alternatives (YTD)
XYLG is at 6.31% YTD. There are 96 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | XYLG vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | XYLG vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | XYLG vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | XYLG vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | XYLG vs AMDY |
Lowest Volatility Alternatives to XYLG
XYLG has 9.95% 1-year volatility. There are 40 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | XYLG vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | XYLG vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | XYLG vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | XYLG vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | XYLG vs XRMI |
Lowest Drawdown Alternatives to XYLG
XYLG has a 1-year max drawdown of -6.93%. There are 32 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | XYLG vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | XYLG vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | XYLG vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | XYLG vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | XYLG vs OMAH |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 12 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 | 84 | 7.89% | 8.44B | Dec 2013 | XYLG vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 11 | -6.53% | 7.43B | Sep 2023 | XYLG vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 58 | 24.56% | 11.08B | May 2018 | XYLG vs AIQ | |
| Global X Uranium ETF | Uranium | 19 | 6.67% | 6.64B | Nov 2010 | XYLG vs URA | |
| Global X Copper Miners ETF | Copper | 60 | 10.71% | 8.06B | Apr 2010 | XYLG vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 23 | 1.13% | 3.54B | Sep 2016 | XYLG vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 35 | -5.97% | 4.57B | Apr 2010 | XYLG vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 78 | 4.54% | 3.19B | Jun 2013 | XYLG vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 89 | 49.19% | 2.37B | Oct 2020 | XYLG vs DTCR | |
| Global X US Infrastructure Development ETF | Industrials Equities | 60 | 20.97% | 14.28B | Mar 2017 | XYLG vs PAVE |
Often Compared With XYLG
Investors most often compare XYLG with QYLG, SPY, SCHG. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare XYLG with Any Fund or Stock
Compare XYLG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair XYLG with funds that move differently
Global X S&P 500 Covered Call & Growth ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XYLG.
Explore XYLG Diversifiers