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Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) Alternatives

ETF · Currency in USD · Last updated Jun 4, 2026

The Global X S&P 500 Covered Call UCITS ETF (USD share class) seeks to provide investment results that correspond generally to the price and yield performance of the Cboe S&P 500 BuyWrite 15% WHT Index. The fund employs a covered call strategy on S&P 500 constituents to generate monthly income through option premiums.

Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) 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 XYLU.L. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to XYLU.L

XYLU.L charges 0.45% annually. There are 73 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%249.48MJul 2023XYLU.L vs USCL.TO
PEPS
Parametric Equity Plus ETF0.10%27.28MNov 2024XYLU.L vs PEPS
UIQ4.DE
UBS Euro Equity Defensive Put Write SF UCITS ETF E...0.21%—Jun 2016XYLU.L vs UIQ4.DE
SPIN
State Street US Equity Premium Income ETF0.25%46.44MSep 2024XYLU.L vs SPIN
IVVW
iShares S&P 500 BuyWrite ETF0.25%292.36MMar 2024XYLU.L vs IVVW

Best Risk-Adjusted Alternatives to XYLU.L

XYLU.L has a PortfoliosLab risk / return rank of 83. There are 36 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
—Jun 2022XYLU.L vs HLIF.TO
CHPY
YieldMax Semiconductor Portfolio Option Income ETF
97
1.02BApr 2025XYLU.L vs CHPY
METY.DE
IncomeShares META Options ETP
97
—Nov 2024XYLU.L vs METY.DE
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
96
—Feb 2022XYLU.L vs CBNK.TO
SOXY
YieldMax Target 12™ Semiconductor Option Income ET...
96
62.83MDec 2024XYLU.L vs SOXY

Top Performing XYLU.L Alternatives (YTD)

XYLU.L is at 5.25% YTD. There are 197 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.

SymbolNameYTD ReturnAUMInception
ARMW
Roundhill ARM WeeklyPay ETF
363.23%
14.71MOct 2025XYLU.L vs ARMW
METY.DE
IncomeShares META Options ETP
206.34%
—Nov 2024XYLU.L vs METY.DE
AMDW
Roundhill AMD WeeklyPay ETF
192.40%
90.88MJul 2025XYLU.L vs AMDW
SOXY
YieldMax Target 12™ Semiconductor Option Income ET...
88.08%
62.83MDec 2024XYLU.L vs SOXY
CHPY
YieldMax Semiconductor Portfolio Option Income ETF
82.97%
1.02BApr 2025XYLU.L vs CHPY

Lowest Volatility Alternatives to XYLU.L

XYLU.L has 6.90% 1-year volatility. There are 15 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.

SymbolNameVolatility 1YAUMInception
IPDP
Dividend Performers ETF0.00%20.88MDec 2018XYLU.L vs IPDP
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.66%235.30MSep 2024XYLU.L vs HBIL.TO
BUCK
Simplify Treasury Option Income ETF3.14%438.06MOct 2022XYLU.L vs BUCK
HYTI
FT Vest High Yield & Target Income ETF3.83%90.68MFeb 2025XYLU.L vs HYTI
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.53%226.83MJan 2024XYLU.L vs HPYM.TO

Lowest Drawdown Alternatives to XYLU.L

XYLU.L has a 1-year max drawdown of -5.17%. There are 24 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
235.30MSep 2024XYLU.L vs HBIL.TO
BUCK
Simplify Treasury Option Income ETF
-1.31%
438.06MOct 2022XYLU.L vs BUCK
HYTI
FT Vest High Yield & Target Income ETF
-2.38%
90.68MFeb 2025XYLU.L vs HYTI
BUYW
Main Buywrite ETF
-2.59%
1.21BDec 2015XYLU.L vs BUYW
THTA
SoFi Enhanced Yield ETF
-2.64%
34.73MNov 2023XYLU.L vs THTA

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include QYLD, SHLD, URA and span 12 categories. AUM among these funds goes as high as $11B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QYLD
Global X NASDAQ 100 Covered Call ETFNasdaq-100, Derivative Income
89
7.88%
8.41BDec 2013XYLU.L vs QYLD
SHLD
Global X Defense Tech ETFAerospace & Defense
17
-0.74%
7.99BSep 2023XYLU.L vs SHLD
URA
Global X Uranium ETFCommodity Producers Equities
35
17.67%
7.06BNov 2010XYLU.L vs URA
CASH.TO
Global X High Interest Savings ETFMoney Market
100
0.84%
6.70BNov 2021XYLU.L vs CASH.TO
AIQ
Global X Artificial Intelligence & Technology ETFTechnology Equities
79
33.84%
10.85BMay 2018XYLU.L vs AIQ
COPX
Global X Copper Miners ETFMaterials
77
25.67%
7.99BApr 2010XYLU.L vs COPX
BOTZ
Global X Robotics & Artificial Intelligence Themat...Robotics, Technology Equities
33
10.63%
3.74BSep 2016XYLU.L vs BOTZ
SIL
Global X Silver Miners ETFSilver, Precious Metals
50
5.99%
5.22BApr 2010XYLU.L vs SIL
XYLD
Global X S&P 500 Covered Call ETFDerivative Income, S&P 500
84
5.14%
3.17BJun 2013XYLU.L vs XYLD
DTCR
Global X Data Center & Digital Infrastructure ETFREIT
92
53.70%
2.14BOct 2020XYLU.L vs DTCR

Often Compared With XYLU.L

Investors most often compare XYLU.L with QQQI, SDIV, LQTI. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QQQI
NEOS Nasdaq-100 High Income ETFNasdaq-100, Derivative Income
70
13.04%
12.25BJan 2024XYLU.L vs QQQI
SDIV
Global X SuperDividend ETFGlobal Equities, Dividend
65
7.01%
1.25BJun 2011XYLU.L vs SDIV
LQTI
FT Vest Investment Grade & Target Income ETFDerivative Income
32
0.16%
287.53MFeb 2025XYLU.L vs LQTI
XRMI
Global X S&P 500 Risk Managed Income ETFDerivative Income, S&P 500
50
1.78%
49.91MAug 2021XYLU.L vs XRMI
MRNY
YieldMax MRNA Option Income Strategy ETFDerivative Income, Dividend
32
55.67%
82.87MOct 2023XYLU.L vs MRNY
QRMI
Global X NASDAQ 100 Risk Managed Income ETFNasdaq-100, Derivative Income
50
2.50%
15.90MAug 2021XYLU.L vs QRMI
SPUT
Innovator Equity Premium Income Daily PutWrite ETFDerivative Income
85
7.26%
17.17MMar 2025XYLU.L vs SPUT
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
64
9.02%
1.34BJun 2023XYLU.L vs UMAX.TO
CWII
REX CRWV Growth & Income ETFDerivative Income—
37.23%
2.95MNov 2025XYLU.L vs CWII
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
76
30.95%
476.70MFeb 2024XYLU.L vs EMAX.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...Derivative Income
96
19.17%
1.08BFeb 2022XYLU.L vs BANK.TO
XOMO
YieldMax XOM Option Income Strategy ETFDerivative Income, Dividend
44
16.83%
25.30MAug 2023XYLU.L vs XOMO
XY7D.DE
Global X S&P 500 Covered Call UCITS ETF IncS&P 500, Derivative Income
46
4.40%
—Jul 2023XYLU.L vs XY7D.DE
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...Oil & Gas, Derivative Income
88
37.98%
286.32MOct 2023XYLU.L vs ENCL.TO
GOOY
YieldMax GOOGL Option Income Strategy ETFDerivative Income
93
17.06%
298.09MJul 2023XYLU.L vs GOOY
USOY
Defiance Oil Enhanced Options Income ETFDerivative Income
55
59.27%
62.15MMay 2024XYLU.L vs USOY
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
39.35%
—Aug 2025XYLU.L vs CNQE.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...Financials Equities, Derivative Income
95
19.21%
187.53MJul 2023XYLU.L vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
95
15.30%
370.01MMay 2011XYLU.L vs BKCC.TO
FYEE
Fidelity Yield Enhanced Equity ETFDerivative Income
80
7.28%
166.08MApr 2024XYLU.L vs FYEE

Compare XYLU.L with Any Fund or Stock

Compare XYLU.L with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair XYLU.L with funds that move differently

Global X S&P 500 Covered Call UCITS ETF USD alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XYLU.L.

Explore XYLU.L Diversifiers