DYLD vs. XYLD
Compare and contrast key facts about LeaderShares Dynamic Yield ETF (DYLD) and Global X S&P 500 Covered Call ETF (XYLD).
DYLD and XYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DYLD is an actively managed fund by LeaderShares. It was launched on Jun 28, 2021. 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: DYLD or XYLD.
Key characteristics
| DYLD | XYLD | |
|---|---|---|
| YTD Return | 4.39% | 12.13% |
| 1Y Return | 8.85% | 13.83% |
| 3Y Return (Ann) | -0.55% | 4.76% |
| Sharpe Ratio | 2.19 | 1.80 |
| Daily Std Dev | 3.93% | 7.65% |
| Max Drawdown | -15.03% | -33.46% |
| Current Drawdown | -2.09% | 0.00% |
Correlation
The correlation between DYLD and XYLD is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DYLD vs. XYLD - Performance Comparison
In the year-to-date period, DYLD achieves a 4.39% return, which is significantly lower than XYLD's 12.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DYLD vs. XYLD - Expense Ratio Comparison
DYLD has a 0.75% expense ratio, which is higher than XYLD's 0.60% expense ratio.
Risk-Adjusted Performance
DYLD vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for LeaderShares Dynamic Yield ETF (DYLD) 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
DYLD vs. XYLD - Dividend Comparison
DYLD's dividend yield for the trailing twelve months is around 4.16%, less than XYLD's 8.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DYLD LeaderShares Dynamic Yield ETF | 4.16% | 3.43% | 1.54% | 1.02% | 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 | 8.40% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.23% | 4.65% | 4.14% | 2.49% |
Drawdowns
DYLD vs. XYLD - Drawdown Comparison
The maximum DYLD drawdown since its inception was -15.03%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for DYLD and XYLD. For additional features, visit the drawdowns tool.
Volatility
DYLD vs. XYLD - Volatility Comparison
The current volatility for LeaderShares Dynamic Yield ETF (DYLD) is 0.63%, while Global X S&P 500 Covered Call ETF (XYLD) has a volatility of 1.95%. This indicates that DYLD experiences smaller price fluctuations and is considered to be less risky than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.