^XSP vs. XYLD
Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) and Global X S&P 500 Covered Call ETF (XYLD).
XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XSP or XYLD.
Correlation
The correlation between ^XSP and XYLD is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^XSP vs. XYLD - Performance Comparison
Key characteristics
^XSP:
0.89
XYLD:
1.63
^XSP:
1.26
XYLD:
2.22
^XSP:
1.17
XYLD:
1.38
^XSP:
1.40
XYLD:
2.56
^XSP:
5.26
XYLD:
13.37
^XSP:
2.25%
XYLD:
0.99%
^XSP:
13.22%
XYLD:
8.15%
^XSP:
-25.43%
XYLD:
-33.46%
^XSP:
-6.60%
XYLD:
-4.83%
Returns By Period
In the year-to-date period, ^XSP achieves a -2.43% return, which is significantly lower than XYLD's -1.71% return.
^XSP
-2.43%
-4.96%
4.27%
12.41%
N/A
N/A
XYLD
-1.71%
-3.79%
6.28%
13.26%
8.28%
6.98%
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Risk-Adjusted Performance
^XSP vs. XYLD — Risk-Adjusted Performance Rank
^XSP
XYLD
^XSP vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) and Global X S&P 500 Covered Call ETF (XYLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^XSP vs. XYLD - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for ^XSP and XYLD. For additional features, visit the drawdowns tool.
Volatility
^XSP vs. XYLD - Volatility Comparison
S&P 500 Mini-SPX Options Index (^XSP) has a higher volatility of 5.16% compared to Global X S&P 500 Covered Call ETF (XYLD) at 4.45%. This indicates that ^XSP's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.