DYLG vs. XYLD

Last updated Jun 4, 2026

DYLG (Global X Dow 30 Covered Call & Growth ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds from Global X - DYLG tracks the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross while XYLD tracks the Cboe S&P 500 BuyWrite Index. Both are passively managed. Over the past year, DYLG returned 17.86% vs 17.66% for XYLD. A 0.75 correlation means they provide meaningful diversification when combined. DYLG charges 0.35%/yr vs 0.60%/yr for XYLD.

Performance

DYLG vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call & Growth ETF (DYLG) 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, DYLG achieves a 4.63% return, which is significantly lower than XYLD's 4.96% return.

DYLG

• 1D: -0.65%
• 1M: 3.69%
• YTD: 4.63%
• 6M: 5.52%
• 1Y: 17.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XYLD

• 1D: -0.15%
• 1M: 2.00%
• YTD: 4.96%
• 6M: 6.48%
• 1Y: 17.66%
• 3Y*: 11.27%
• 5Y*: 7.72%
• 10Y*: 8.25%

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

DYLG vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DYLG Global X Dow 30 Covered Call & Growth ETF	4.63%	12.50%	14.46%	4.05%
XYLD Global X S&P 500 Covered Call ETF	4.96%	8.02%	19.49%	-0.30%

Correlation

The correlation between DYLG and XYLD is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.75

The correlation between DYLG and XYLD has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.

DYLG vs. XYLD - Sectors Allocation Comparison

Sectors	DYLG	XYLD
Financial Services	27.2%	11.8%
Industrials	18.4%	8.3%
Technology	17.1%	35.6%
Healthcare	13.1%	8.5%
Consumer Cyclical	11.6%	10.2%
Consumer Defensive	4.4%	4.9%
Basic Materials	4.0%	1.8%
Energy	2.4%	3.5%
Communication Services	1.9%	11.2%
Real Estate	-	1.9%
Utilities	-	2.3%

Return for Risk

DYLG vs. XYLD — Risk / Return Rank

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

DYLG

DYLG Risk / Return Rank: 53
DYLG Sharpe Ratio Rank: 56
DYLG Sortino Ratio Rank: 57
DYLG Omega Ratio Rank: 57
DYLG Calmar Ratio Rank: 43
DYLG Martin Ratio Rank: 52

XYLD

XYLD Risk / Return Rank: 82
XYLD Sharpe Ratio Rank: 81
XYLD Sortino Ratio Rank: 84
XYLD Omega Ratio Rank: 92
XYLD Calmar Ratio Rank: 66
XYLD Martin Ratio Rank: 85

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.

DYLG vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call & Growth ETF (DYLG) 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.

	DYLG	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.71	-0.81
Sortino ratio: Return per unit of downside risk	2.74	3.87	-1.12
Omega ratio: Gain probability vs. loss probability	1.35	1.64	-0.29
Calmar ratio: Return relative to maximum drawdown	2.16	3.35	-1.20
Martin ratio: Return relative to average drawdown	8.78	17.84	-9.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DYLG vs. XYLD - Sharpe Ratio Comparison

The current DYLG Sharpe Ratio is 1.90, which is comparable to the XYLD Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of DYLG 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.

Sharpe Ratios by Period

	DYLG	XYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.71	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.60	+0.50

Drawdowns

DYLG vs. XYLD - Drawdown Comparison

The maximum DYLG drawdown since its inception was -13.98%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for DYLG and XYLD.

Drawdown Indicators

	DYLG	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-13.98%	-33.46%	+19.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-5.29%	-3.02%
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	-0.65%	-0.15%	-0.50%
Average Drawdown Average peak-to-trough decline	-1.86%	-3.72%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	0.99%	+1.05%

Volatility

DYLG vs. XYLD - Volatility Comparison

Global X Dow 30 Covered Call & Growth ETF (DYLG) has a higher volatility of 2.46% compared to Global X S&P 500 Covered Call ETF (XYLD) at 0.88%. This indicates that DYLG'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

	DYLG	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	0.88%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	5.37%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	9.44%	6.55%	+2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	11.22%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	14.21%	-2.77%

DYLG vs. XYLD - Expense Ratio Comparison

DYLG has a 0.35% expense ratio, which is lower than XYLD's 0.60% expense ratio.

Dividends

DYLG vs. XYLD - Dividend Comparison

DYLG's dividend yield for the trailing twelve months is around 9.54%, less than XYLD's 10.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DYLG Global X Dow 30 Covered Call & Growth ETF	9.54%	9.63%	16.55%	1.38%	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	10.52%	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 DYLG and XYLD in my portfolio?

DYLG and XYLD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DYLG or XYLD?

DYLG has higher volatility (2.46%) compared to XYLD (0.88%). In terms of maximum drawdown, DYLG dropped -13.98% vs XYLD's -33.46%.

Which ETF is better, DYLG or XYLD?

On 1-year performance, DYLG leads with 17.86% vs 17.66% for XYLD. On fees, DYLG is cheaper at 0.35% per year. On volatility, XYLD has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYLG or XYLD?

Over the 1-year period, DYLG has performed better with a 17.86% return vs 17.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYLG or XYLD?

DYLG is cheaper with a 0.35% expense ratio, compared with 0.60% for XYLD.

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

XYLD has the higher dividend yield at 10.52%, compared with 9.54% for DYLG.

What is the main difference between DYLG and XYLD?

DYLG tracks Cboe DJIA Half BuyWrite Index - Benchmark TR Gross, while XYLD tracks Cboe S&P 500 BuyWrite Index. Their fees differ too: 0.35% for DYLG and 0.60% for XYLD.

Which has better risk-adjusted returns?

XYLD currently has the higher Sharpe Ratio (2.71 vs 1.90), 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.