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

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.

Looking to diversify beyond XYLU.L? The ETFs below have the lowest correlation with XYLU.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from XYLU.L.

Best Diversifiers for XYLU.L

18 ETFs have low correlation with XYLU.L (below 0.3), 5 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
USOY
Defiance Oil Enhanced Options Income ETF-0.21——
55
Derivative IncomeXYLU.L vs USOY
CASH.TO
Global X High Interest Savings ETF-0.150.010.01
100
Money MarketXYLU.L vs CASH.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.13-0.10-0.10
75
Energy Equities, Derivative IncomeXYLU.L vs NXF.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.05——
88
Oil & Gas, Derivative IncomeXYLU.L vs ENCL.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF-0.03-0.02—
64
Derivative Income, Utilities EquitiesXYLU.L vs UMAX.TO
See all 40 diversifiers for XYLU.L

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Diversification Analysis

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