AM vs. XYLD
AM (Antero Midstream Corporation) is a stock, while XYLD (Global X S&P 500 Covered Call ETF) is Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. Over the past 10 years, AM returned 7.48%/yr vs 8.23%/yr for XYLD. At a 0.30 correlation, their price movements are largely independent.
Performance
AM vs. XYLD - Performance Comparison
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Returns By Period
In the year-to-date period, AM achieves a 24.05% return, which is significantly higher than XYLD's 5.14% return. Over the past 10 years, AM has underperformed XYLD with an annualized return of 7.48%, while XYLD has yielded a comparatively higher 8.23% annualized return.
AM
- 1D
- 1.46%
- 1M
- -0.92%
- YTD
- 24.05%
- 6M
- 21.13%
- 1Y
- 22.19%
- 3Y*
- 33.97%
- 5Y*
- 25.28%
- 10Y*
- 7.48%
XYLD
- 1D
- 0.17%
- 1M
- 1.87%
- YTD
- 5.14%
- 6M
- 6.53%
- 1Y
- 17.83%
- 3Y*
- 11.29%
- 5Y*
- 7.76%
- 10Y*
- 8.23%
AM vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 24.05% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 27.59% | -60.29% | -22.28% | -2.32% |
XYLD Global X S&P 500 Covered Call ETF | 5.14% | 8.02% | 19.49% | 11.10% | -12.05% | 19.59% | -0.56% | 21.41% | -6.09% | 16.49% |
Correlation
The correlation between AM and XYLD is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2014 | 0.30 |
Over the past year, the correlation between AM and XYLD has dropped to 0.03 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
AM vs. XYLD — Risk / Return Rank
AM
XYLD
AM vs. XYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Antero Midstream Corporation (AM) 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.
| AM | XYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.65 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.39 | -1.63 |
| Martin ratioReturn relative to average drawdown | 3.67 | 18.02 | -14.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AM | XYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 2.74 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.69 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.58 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.60 | -0.47 |
Drawdowns
AM vs. XYLD - Drawdown Comparison
The maximum AM drawdown since its inception was -93.01%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for AM and XYLD.
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Drawdown Indicators
| AM | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -33.46% | -59.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -5.29% | -7.38% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -15.53% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -18.66% | -3.25% |
Max Drawdown (10Y)Largest decline over 10 years | -93.01% | -33.46% | -59.55% |
Current DrawdownCurrent decline from peak | -7.61% | 0.00% | -7.61% |
Average DrawdownAverage peak-to-trough decline | -31.44% | -3.72% | -27.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.06% | 0.99% | +5.07% |
Volatility
AM vs. XYLD - Volatility Comparison
Antero Midstream Corporation (AM) has a higher volatility of 6.51% compared to Global X S&P 500 Covered Call ETF (XYLD) at 0.85%. This indicates that AM'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.
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Volatility by Period
| AM | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 0.85% | +5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 5.37% | +9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.93% | 6.54% | +14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.60% | 11.22% | +15.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.00% | 14.21% | +27.79% |
Dividends
AM vs. XYLD - Dividend Comparison
AM's dividend yield for the trailing twelve months is around 4.17%, less than XYLD's 10.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 4.17% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
XYLD Global X S&P 500 Covered Call ETF | 10.50% | 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
AM and XYLD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AM has higher volatility (6.51%) compared to XYLD (0.85%). In terms of maximum drawdown, AM dropped -93.01% vs XYLD's -33.46%.
XYLD currently has the higher Sharpe Ratio (2.74 vs 1.07), 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.
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