AAPW vs. XYLD

Last updated Aug 4, 2026

AAPW (AAPL WeeklyPay™ ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds. AAPW is actively managed, while XYLD is passively managed. Over the past year, AAPW returned 54.84% vs 19.53% for XYLD. Their 0.45 correlation means their historical movements had little consistent relationship. AAPW charges 0.99%/yr vs 0.60%/yr for XYLD.

Performance

AAPW vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAPL WeeklyPay™ ETF (AAPW) and Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPW achieves a 11.02% return, which is significantly higher than XYLD's 8.63% return.

AAPW

• 1D: -2.28%
• 1M: -2.47%
• 6M: 12.40%
• YTD: 11.02%
• 1Y: 54.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.83%

XYLD

• 1D: 0.53%
• 1M: 2.36%
• 6M: 6.99%
• YTD: 8.63%
• 1Y: 19.53%
• 3Y*: 12.12%
• 5Y*: 7.92%
• 10Y*: 8.27%
• ALL TIME*: 8.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAPW AAPL WeeklyPay™ ETF	$952.50K	$777.94K	$708.97K
XYLD Global X S&P 500 Covered Call ETF	$33.43M	$34.54M	$32.48M

AAPW vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025
AAPW AAPL WeeklyPay™ ETF	11.02%	8.71%
XYLD Global X S&P 500 Covered Call ETF	8.63%	4.64%

Correlation

The correlation between AAPW and XYLD is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.45

AAPW vs. XYLD - Sectors Allocation Comparison

Sectors	AAPW	XYLD
Technology	12.5%	38.5%
Basic Materials	-	1.7%
Communication Services	-	9.9%
Consumer Cyclical	-	9.5%
Consumer Defensive	-	4.5%
Energy	-	3.0%
Financial Services	-	11.6%
Healthcare	-	8.9%
Industrials	-	8.4%
Real Estate	-	1.8%
Utilities	-	2.2%

Return for Risk

AAPW vs. XYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAPW

AAPW Risk / Return Rank: 72
AAPW Sharpe Ratio Rank: 74
AAPW Sortino Ratio Rank: 70
AAPW Omega Ratio Rank: 74
AAPW Calmar Ratio Rank: 83
AAPW Martin Ratio Rank: 60

XYLD

XYLD Risk / Return Rank: 94
XYLD Sharpe Ratio Rank: 95
XYLD Sortino Ratio Rank: 95
XYLD Omega Ratio Rank: 96
XYLD Calmar Ratio Rank: 89
XYLD Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAPW vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAPL WeeklyPay™ ETF (AAPW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAPW	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.77	-1.02
Sortino ratio: Return per unit of downside risk	2.35	3.95	-1.60
Omega ratio: Gain probability vs. loss probability	1.32	1.63	-0.31
Calmar ratio: Return relative to maximum drawdown	3.17	3.71	-0.53
Martin ratio: Return relative to average drawdown	7.52	19.28	-11.77

AAPW vs. XYLD - Sharpe Ratio Comparison

The current AAPW Sharpe Ratio is 1.75, which is lower than the XYLD Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of AAPW and XYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAPW vs. XYLD - Drawdown Comparison

The maximum AAPW drawdown since its inception was -36.28%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for AAPW and XYLD.

Drawdown Indicators

	AAPW	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-36.28%	-33.46%	-2.82%
Max Drawdown (1Y) Largest decline over 1 year	-17.36%	-5.29%	-12.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.46%	—
Current Drawdown Current decline from peak	-13.04%	0.00%	-13.04%
Average Drawdown Average peak-to-trough decline	-10.45%	-3.68%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.32%	1.02%	+6.30%

Volatility

AAPW vs. XYLD - Volatility Comparison

AAPL WeeklyPay™ ETF (AAPW) has a higher volatility of 13.12% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.97%. This indicates that AAPW'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.

Volatility by Period

	AAPW	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.12%	1.97%	+11.15%
Volatility (6M) Calculated over the trailing 6-month period	24.92%	5.99%	+18.93%
Volatility (1Y) Calculated over the trailing 1-year period	31.52%	7.10%	+24.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.69%	11.27%	+24.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.69%	14.16%	+21.53%

AAPW vs. XYLD - Expense Ratio Comparison

AAPW has a 0.99% expense ratio, which is higher than XYLD's 0.60% expense ratio.

Dividends

AAPW vs. XYLD - Dividend Comparison

AAPW's dividend yield for the trailing twelve months is around 31.96%, more than XYLD's 10.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPW AAPL WeeklyPay™ ETF	31.96%	28.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XYLD Global X S&P 500 Covered Call ETF	10.47%	10.51%	11.54%	10.51%	13.43%	9.07%	7.93%	5.76%	7.12%	5.18%	3.23%	4.65%

Frequently Asked Questions

Can I hold both AAPW and XYLD in my portfolio?

AAPW and XYLD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAPW or XYLD?

AAPW has higher volatility (13.12%) compared to XYLD (1.97%). In terms of maximum drawdown, AAPW dropped -36.28% vs XYLD's -33.46%.

Which ETF is better, AAPW or XYLD?

On 1-year performance, AAPW leads with 54.84% vs 19.53% for XYLD. On fees, XYLD is cheaper at 0.60% per year. On volatility, XYLD has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAPW or XYLD?

Over the 1-year period, AAPW has performed better with a 54.84% return vs 19.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAPW or XYLD?

XYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for AAPW.

Which ETF pays a higher dividend yield, AAPW or XYLD?

AAPW has the higher dividend yield at 31.96%, compared with 10.47% for XYLD.

What is the main difference between AAPW and XYLD?

They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.99% for AAPW and 0.60% for XYLD.

Which has better risk-adjusted returns?

XYLD currently has the higher Sharpe Ratio (2.77 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.