GBDV.L vs. XYLD

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) and Global X S&P 500 Covered Call ETF (XYLD).

GBDV.L and XYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBDV.L is a passively managed fund by State Street that tracks the performance of the S&P Global Dividend Aristocrats index. It was launched on May 14, 2013. XYLD is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Jun 24, 2013. Both GBDV.L and XYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GBDV.L vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) and Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

GBDV.L vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS	4.45%	10.06%	9.77%	1.90%	5.38%	17.41%	-11.68%	16.85%	-2.63%	9.30%
XYLD Global X S&P 500 Covered Call ETF	1.06%	0.32%	21.58%	5.55%	-1.60%	20.72%	-3.48%	16.79%	-0.53%	6.42%

Different Trading Currencies

GBDV.L is traded in GBP, while XYLD is traded in USD. To make them comparable, the XYLD values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GBDV.L achieves a 4.45% return, which is significantly higher than XYLD's 1.06% return. Over the past 10 years, GBDV.L has underperformed XYLD with an annualized return of 8.07%, while XYLD has yielded a comparatively higher 8.69% annualized return.

GBDV.L

• 1D: 0.32%
• 1M: -3.39%
• YTD: 4.45%
• 6M: 7.81%
• 1Y: 13.67%
• 3Y*: 10.34%
• 5Y*: 7.97%
• 10Y*: 8.07%

XYLD

• 1D: 0.23%
• 1M: -1.43%
• YTD: 1.06%
• 6M: 7.38%
• 1Y: 8.20%
• 3Y*: 7.76%
• 5Y*: 7.96%
• 10Y*: 8.69%

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

GBDV.L vs. XYLD - Expense Ratio Comparison

GBDV.L has a 0.45% expense ratio, which is lower than XYLD's 0.60% expense ratio.

XYLD

Global X S&P 500 Covered Call ETF

GBDV.L

SPDR S&P Global Dividend Aristocrats UCITS

Return for Risk

GBDV.L vs. XYLD — Risk / Return Rank

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

GBDV.L

GBDV.L Risk / Return Rank: 67
GBDV.L Sharpe Ratio Rank: 67
GBDV.L Sortino Ratio Rank: 62
GBDV.L Omega Ratio Rank: 62
GBDV.L Calmar Ratio Rank: 74
GBDV.L Martin Ratio Rank: 68

XYLD

XYLD Risk / Return Rank: 51
XYLD Sharpe Ratio Rank: 40
XYLD Sortino Ratio Rank: 43
XYLD Omega Ratio Rank: 69
XYLD Calmar Ratio Rank: 40
XYLD Martin Ratio Rank: 62

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.

GBDV.L vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) 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.

	GBDV.L	XYLD	Difference
Sharpe ratio Return per unit of total volatility	1.22	0.56	+0.66
Sortino ratio Return per unit of downside risk	1.63	0.91	+0.72
Omega ratio Gain probability vs. loss probability	1.24	1.15	+0.09
Calmar ratio Return relative to maximum drawdown	2.11	0.94	+1.17
Martin ratio Return relative to average drawdown	7.40	2.94	+4.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBDV.L vs. XYLD - Sharpe Ratio Comparison

The current GBDV.L Sharpe Ratio is 1.22, which is higher than the XYLD Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of GBDV.L and XYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GBDV.L	XYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	0.56	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.67	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.56	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.61	+0.03

Correlation

The correlation between GBDV.L and XYLD is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GBDV.L vs. XYLD - Dividend Comparison

GBDV.L's dividend yield for the trailing twelve months is around 4.62%, less than XYLD's 10.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS	4.62%	4.91%	4.49%	4.87%	5.05%	4.26%	4.41%	4.41%	5.18%	4.26%	4.74%	5.72%
XYLD Global X S&P 500 Covered Call ETF	10.93%	10.51%	11.54%	10.51%	13.43%	9.07%	7.93%	5.76%	7.12%	5.18%	3.23%	4.65%

Drawdowns

GBDV.L vs. XYLD - Drawdown Comparison

The maximum GBDV.L drawdown since its inception was -34.77%, which is greater than XYLD's maximum drawdown of -26.73%. Use the drawdown chart below to compare losses from any high point for GBDV.L and XYLD.

Drawdown Indicators

	GBDV.L	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.77%	-33.46%	-1.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-10.14%	+1.53%
Max Drawdown (5Y) Largest decline over 5 years	-15.84%	-18.66%	+2.82%
Max Drawdown (10Y) Largest decline over 10 years	-34.77%	-33.46%	-1.31%
Current Drawdown Current decline from peak	-4.01%	-2.94%	-1.07%
Average Drawdown Average peak-to-trough decline	-5.20%	-3.76%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.73%	+0.18%

Volatility

GBDV.L vs. XYLD - Volatility Comparison

SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) and Global X S&P 500 Covered Call ETF (XYLD) have volatilities of 3.40% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBDV.L	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.46%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.00%	6.49%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	14.67%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.80%	12.00%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	15.59%	-1.40%