AOD vs. XYLG

Last updated Jun 24, 2026

AOD (Abrdn Total Dynamic Dividend Fund) is a stock, while XYLG (Global X S&P 500 Covered Call & Growth ETF) is Derivative Income fund tracking the Cboe S&P 500 Half BuyWrite Index. Over the past 5 years, AOD returned 10.61%/yr vs 10.07%/yr for XYLG. A 0.75 correlation means they provide meaningful diversification when combined. AOD charges 1.19%/yr vs 0.35%/yr for XYLG.

Performance

AOD vs. XYLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abrdn Total Dynamic Dividend Fund (AOD) and Global X S&P 500 Covered Call & Growth ETF (XYLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOD achieves a 10.43% return, which is significantly higher than XYLG's 6.31% return.

AOD

• 1D: -1.46%
• 1M: -1.65%
• YTD: 10.43%
• 6M: 9.64%
• 1Y: 33.62%
• 3Y*: 20.60%
• 5Y*: 10.61%
• 10Y*: 13.28%

XYLG

• 1D: -1.11%
• 1M: -0.48%
• YTD: 6.31%
• 6M: 5.87%
• 1Y: 19.67%
• 3Y*: 15.97%
• 5Y*: 10.07%
• 10Y*: —

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

AOD vs. XYLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AOD Abrdn Total Dynamic Dividend Fund	10.43%	32.14%	16.03%	12.65%	-17.15%	23.80%	12.64%
XYLG Global X S&P 500 Covered Call & Growth ETF	6.31%	12.93%	22.31%	18.16%	-15.46%	23.81%	12.13%

Correlation

The correlation between AOD and XYLG is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Sep 21, 2020	0.75

The correlation between AOD and XYLG has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

Return for Risk

AOD vs. XYLG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AOD

AOD Risk / Return Rank: 85
AOD Sharpe Ratio Rank: 90
AOD Sortino Ratio Rank: 88
AOD Omega Ratio Rank: 89
AOD Calmar Ratio Rank: 76
AOD Martin Ratio Rank: 86

XYLG

XYLG Risk / Return Rank: 66
XYLG Sharpe Ratio Rank: 63
XYLG Sortino Ratio Rank: 63
XYLG Omega Ratio Rank: 65
XYLG Calmar Ratio Rank: 60
XYLG Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AOD vs. XYLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abrdn Total Dynamic Dividend Fund (AOD) and Global X S&P 500 Covered Call & Growth ETF (XYLG). 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.

	AOD	XYLG	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.00	+0.12
Sortino ratio: Return per unit of downside risk	2.86	2.81	+0.05
Omega ratio: Gain probability vs. loss probability	1.39	1.37	+0.02
Calmar ratio: Return relative to maximum drawdown	2.02	2.85	-0.83
Martin ratio: Return relative to average drawdown	8.72	13.98	-5.27

AOD vs. XYLG - Sharpe Ratio Comparison

The current AOD Sharpe Ratio is 2.11, which is comparable to the XYLG Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of AOD and XYLG, 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

AOD vs. XYLG - Drawdown Comparison

The maximum AOD drawdown since its inception was -72.26%, which is greater than XYLG's maximum drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for AOD and XYLG.

Drawdown Indicators

	AOD	XYLG	Difference
Max Drawdown Largest peak-to-trough decline	-72.26%	-21.30%	-50.96%
Max Drawdown (1Y) Largest decline over 1 year	-16.71%	-6.93%	-9.78%
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	-17.42%	+0.71%
Max Drawdown (5Y) Largest decline over 5 years	-28.92%	-21.30%	-7.62%
Max Drawdown (10Y) Largest decline over 10 years	-43.68%	—	—
Current Drawdown Current decline from peak	-3.68%	-1.84%	-1.84%
Average Drawdown Average peak-to-trough decline	-27.22%	-4.07%	-23.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	1.41%	+2.46%

Volatility

AOD vs. XYLG - Volatility Comparison

Abrdn Total Dynamic Dividend Fund (AOD) has a higher volatility of 5.04% compared to Global X S&P 500 Covered Call & Growth ETF (XYLG) at 3.50%. This indicates that AOD's price experiences larger fluctuations and is considered to be riskier than XYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOD	XYLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	3.50%	+1.54%
Volatility (6M) Calculated over the trailing 6-month period	13.73%	8.15%	+5.58%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	9.95%	+6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	14.07%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	13.86%	+4.70%

AOD vs. XYLG - Expense Ratio Comparison

AOD has a 1.19% expense ratio, which is higher than XYLG's 0.35% expense ratio.

Dividends

AOD vs. XYLG - Dividend Comparison

AOD's dividend yield for the trailing twelve months is around 12.04%, less than XYLG's 13.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOD Abrdn Total Dynamic Dividend Fund	12.04%	12.00%	10.73%	8.56%	8.85%	6.75%	7.80%	7.71%	9.57%	7.29%	9.10%	8.93%
XYLG Global X S&P 500 Covered Call & Growth ETF	13.25%	13.94%	23.65%	4.90%	6.43%	7.40%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AOD and XYLG in my portfolio?

AOD and XYLG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOD or XYLG?

AOD has higher volatility (5.04%) compared to XYLG (3.50%). In terms of maximum drawdown, AOD dropped -72.26% vs XYLG's -21.30%.

Which has better risk-adjusted returns?

AOD currently has the higher Sharpe Ratio (2.11 vs 2.00), 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.