EDGE vs. XYLD

Last updated Aug 5, 2026

EDGE (MRBL Enhanced Equity ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds. EDGE is actively managed, while XYLD is passively managed. Over the past year, EDGE returned 25.77% vs 18.65% for XYLD. Their correlation of 0.90 means they have usually moved in the same direction. EDGE charges 0.74%/yr vs 0.60%/yr for XYLD.

Performance

EDGE vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MRBL Enhanced Equity ETF (EDGE) 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, EDGE achieves a 13.32% return, which is significantly higher than XYLD's 8.89% return.

EDGE

• 1D: 1.06%
• 1M: 3.57%
• 6M: 11.92%
• YTD: 13.32%
• 1Y: 25.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.49%

XYLD

• 1D: 0.24%
• 1M: 2.61%
• 6M: 7.72%
• YTD: 8.89%
• 1Y: 18.65%
• 3Y*: 12.21%
• 5Y*: 7.93%
• 10Y*: 8.30%
• ALL TIME*: 8.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EDGE MRBL Enhanced Equity ETF	$38.14K	$142.84K	$123.15K
XYLD Global X S&P 500 Covered Call ETF	$31.68M	$34.09M	$32.56M

EDGE vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025
EDGE MRBL Enhanced Equity ETF	13.32%	12.94%
XYLD Global X S&P 500 Covered Call ETF	8.89%	6.00%

Correlation

The correlation between EDGE and XYLD is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025	0.90

The correlation between EDGE and XYLD has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

EDGE vs. XYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EDGE

EDGE Risk / Return Rank: 80
EDGE Sharpe Ratio Rank: 80
EDGE Sortino Ratio Rank: 78
EDGE Omega Ratio Rank: 84
EDGE Calmar Ratio Rank: 72
EDGE Martin Ratio Rank: 87

XYLD

XYLD Risk / Return Rank: 92
XYLD Sharpe Ratio Rank: 93
XYLD Sortino Ratio Rank: 93
XYLD Omega Ratio Rank: 95
XYLD Calmar Ratio Rank: 85
XYLD Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EDGE vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) 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.

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.

	EDGE	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.67	-0.60
Sortino ratio: Return per unit of downside risk	2.85	3.79	-0.94
Omega ratio: Gain probability vs. loss probability	1.40	1.60	-0.21
Calmar ratio: Return relative to maximum drawdown	2.87	3.54	-0.67
Martin ratio: Return relative to average drawdown	14.45	18.41	-3.96

EDGE vs. XYLD - Sharpe Ratio Comparison

The current EDGE Sharpe Ratio is 2.06, which is comparable to the XYLD Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of EDGE 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.

Drawdowns

EDGE vs. XYLD - Drawdown Comparison

The maximum EDGE drawdown since its inception was -20.66%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for EDGE and XYLD.

Drawdown Indicators

	EDGE	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-20.66%	-33.46%	+12.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-5.29%	-3.72%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.65%	-3.67%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.02%	+0.77%

Volatility

EDGE vs. XYLD - Volatility Comparison

MRBL Enhanced Equity ETF (EDGE) has a higher volatility of 4.24% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.93%. This indicates that EDGE'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

	EDGE	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	1.93%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	5.98%	+4.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	7.09%	+5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	11.27%	+4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	14.16%	+1.72%

EDGE vs. XYLD - Expense Ratio Comparison

EDGE has a 0.74% expense ratio, which is higher than XYLD's 0.60% expense ratio.

Dividends

EDGE vs. XYLD - Dividend Comparison

EDGE has not paid dividends to shareholders, while XYLD's dividend yield for the trailing twelve months is around 10.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDGE MRBL Enhanced Equity ETF	0.00%	0.00%	0.00%	0.00%	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	10.45%	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 EDGE and XYLD in my portfolio?

With a correlation of 0.92, EDGE and XYLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EDGE or XYLD?

EDGE has higher volatility (4.24%) compared to XYLD (1.93%). In terms of maximum drawdown, EDGE dropped -20.66% vs XYLD's -33.46%.

Which ETF is better, EDGE or XYLD?

On 1-year performance, EDGE leads with 25.77% vs 18.65% for XYLD. On fees, XYLD is cheaper at 0.60% per year. On volatility, XYLD has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGE or XYLD?

Over the 1-year period, EDGE has performed better with a 25.77% return vs 18.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGE or XYLD?

XYLD is cheaper with a 0.60% expense ratio, compared with 0.74% for EDGE.

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

XYLD has the higher dividend yield at 10.45%, compared with 0.00% for EDGE.

What is the main difference between EDGE and XYLD?

They also come from different issuers: MRBL and Global X. Their fees differ too: 0.74% for EDGE and 0.60% for XYLD.

Which has better risk-adjusted returns?

XYLD currently has the higher Sharpe Ratio (2.67 vs 2.06), 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.