^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:
2.10
XYLD:
2.88
^XSP:
2.80
XYLD:
3.99
^XSP:
1.39
XYLD:
1.77
^XSP:
3.09
XYLD:
3.94
^XSP:
13.49
XYLD:
25.87
^XSP:
1.94%
XYLD:
0.79%
^XSP:
12.52%
XYLD:
7.09%
^XSP:
-25.43%
XYLD:
-33.46%
^XSP:
-2.62%
XYLD:
0.00%
Returns By Period
In the year-to-date period, ^XSP achieves a 24.34% return, which is significantly higher than XYLD's 19.26% return.
^XSP
24.34%
0.23%
8.53%
24.95%
N/A
N/A
XYLD
19.26%
2.75%
11.45%
19.65%
6.78%
7.07%
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Risk-Adjusted Performance
^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 3.79% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.98%. 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.