BK vs. XYLD
Compare and contrast key facts about The Bank of New York Mellon Corporation (BK) 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: BK or XYLD.
Correlation
The correlation between BK and XYLD is 0.81, 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
BK vs. XYLD - Performance Comparison
Key characteristics
BK:
1.73
XYLD:
0.55
BK:
2.36
XYLD:
0.91
BK:
1.34
XYLD:
1.17
BK:
2.41
XYLD:
0.54
BK:
9.55
XYLD:
2.57
BK:
4.43%
XYLD:
3.30%
BK:
24.49%
XYLD:
15.30%
BK:
-72.42%
XYLD:
-33.46%
BK:
-10.94%
XYLD:
-8.72%
Returns By Period
In the year-to-date period, BK achieves a 3.68% return, which is significantly higher than XYLD's -5.73% return. Over the past 10 years, BK has outperformed XYLD with an annualized return of 9.30%, while XYLD has yielded a comparatively lower 6.35% annualized return.
BK
3.68%
-7.07%
4.13%
40.37%
20.97%
9.30%
XYLD
-5.73%
-3.41%
-0.78%
7.73%
10.01%
6.35%
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Risk-Adjusted Performance
BK vs. XYLD — Risk-Adjusted Performance Rank
BK
XYLD
BK vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of New York Mellon Corporation (BK) 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.
Dividends
BK vs. XYLD - Dividend Comparison
BK's dividend yield for the trailing twelve months is around 2.92%, less than XYLD's 13.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BK The Bank of New York Mellon Corporation | 2.92% | 2.32% | 3.04% | 3.12% | 2.24% | 2.92% | 2.34% | 2.21% | 1.60% | 1.52% | 1.65% | 1.63% |
XYLD Global X S&P 500 Covered Call ETF | 13.13% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% | 4.15% |
Drawdowns
BK vs. XYLD - Drawdown Comparison
The maximum BK drawdown since its inception was -72.42%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for BK and XYLD. For additional features, visit the drawdowns tool.
Volatility
BK vs. XYLD - Volatility Comparison
The Bank of New York Mellon Corporation (BK) has a higher volatility of 14.82% compared to Global X S&P 500 Covered Call ETF (XYLD) at 12.47%. This indicates that BK'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.