GXIG vs. XYLD

Last updated Jun 24, 2026

GXIG (Global X Investment Grade Corporate Bond ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - GXIG is a Corporate Bonds fund actively managed by Global X, while XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. GXIG is actively managed, while XYLD is passively managed. Over the past year, GXIG returned 4.30% vs 16.08% for XYLD. At a 0.33 correlation, their price movements are largely independent. GXIG charges 0.14%/yr vs 0.60%/yr for XYLD.

Performance

GXIG vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Investment Grade Corporate Bond ETF (GXIG) 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, GXIG achieves a 0.46% return, which is significantly lower than XYLD's 4.54% return.

GXIG

• 1D: 0.12%
• 1M: 0.68%
• YTD: 0.46%
• 6M: 0.64%
• 1Y: 4.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XYLD

• 1D: -0.89%
• 1M: 0.36%
• YTD: 4.54%
• 6M: 4.43%
• 1Y: 16.08%
• 3Y*: 11.33%
• 5Y*: 7.32%
• 10Y*: 8.36%

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

GXIG vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025
GXIG Global X Investment Grade Corporate Bond ETF	0.46%	4.61%
XYLD Global X S&P 500 Covered Call ETF	4.54%	11.15%

Correlation

The correlation between GXIG and XYLD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.33

Return for Risk

GXIG vs. XYLD — Risk / Return Rank

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

GXIG

GXIG Risk / Return Rank: 24
GXIG Sharpe Ratio Rank: 23
GXIG Sortino Ratio Rank: 21
GXIG Omega Ratio Rank: 22
GXIG Calmar Ratio Rank: 29
GXIG Martin Ratio Rank: 26

XYLD

XYLD Risk / Return Rank: 78
XYLD Sharpe Ratio Rank: 77
XYLD Sortino Ratio Rank: 79
XYLD Omega Ratio Rank: 89
XYLD Calmar Ratio Rank: 64
XYLD Martin Ratio Rank: 82

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.

GXIG vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Investment Grade Corporate Bond ETF (GXIG) 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.

	GXIG	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.36	-1.61
Sortino ratio: Return per unit of downside risk	1.10	3.34	-2.24
Omega ratio: Gain probability vs. loss probability	1.14	1.54	-0.40
Calmar ratio: Return relative to maximum drawdown	1.36	3.05	-1.70
Martin ratio: Return relative to average drawdown	3.30	15.99	-12.69

GXIG vs. XYLD - Sharpe Ratio Comparison

The current GXIG Sharpe Ratio is 0.75, which is lower than the XYLD Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of GXIG 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

GXIG vs. XYLD - Drawdown Comparison

The maximum GXIG drawdown since its inception was -3.18%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for GXIG and XYLD.

Drawdown Indicators

	GXIG	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-3.18%	-33.46%	+30.28%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-5.29%	+2.11%
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	-1.33%	-0.93%	-0.40%
Average Drawdown Average peak-to-trough decline	-1.06%	-3.70%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	1.01%	+0.30%

Volatility

GXIG vs. XYLD - Volatility Comparison

The current volatility for Global X Investment Grade Corporate Bond ETF (GXIG) is 1.20%, while Global X S&P 500 Covered Call ETF (XYLD) has a volatility of 2.36%. This indicates that GXIG 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.

Volatility by Period

	GXIG	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	2.36%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	4.13%	5.83%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	5.75%	6.86%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.72%	11.26%	-5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.72%	14.19%	-8.47%

GXIG vs. XYLD - Expense Ratio Comparison

GXIG has a 0.14% expense ratio, which is lower than XYLD's 0.60% expense ratio.

Dividends

GXIG vs. XYLD - Dividend Comparison

GXIG's dividend yield for the trailing twelve months is around 5.90%, less than XYLD's 10.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXIG Global X Investment Grade Corporate Bond ETF	5.90%	3.83%	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	10.53%	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 GXIG and XYLD in my portfolio?

GXIG and XYLD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GXIG or XYLD?

XYLD has higher volatility (2.36%) compared to GXIG (1.20%). In terms of maximum drawdown, GXIG dropped -3.18% vs XYLD's -33.46%.

Which ETF is better, GXIG or XYLD?

On 1-year performance, XYLD leads with 16.08% vs 4.30% for GXIG. On fees, GXIG is cheaper at 0.14% per year. On volatility, GXIG has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GXIG or XYLD?

Over the 1-year period, XYLD has performed better with a 16.08% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GXIG or XYLD?

GXIG is cheaper with a 0.14% expense ratio, compared with 0.60% for XYLD.

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

XYLD has the higher dividend yield at 10.53%, compared with 5.90% for GXIG.

What is the main difference between GXIG and XYLD?

GXIG is categorized as Corporate Bonds, while XYLD is Derivative Income. Their fees differ too: 0.14% for GXIG and 0.60% for XYLD.

Which has better risk-adjusted returns?

XYLD currently has the higher Sharpe Ratio (2.36 vs 0.75), 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.