GXPE vs. XYLD

Last updated Jun 25, 2026

GXPE (Global X PureCap MSCI Energy ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - GXPE is a Energy Equities fund tracking the MSCI USA Energy PureCap Index, while XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. Both are passively managed. At a correlation of -0.11, they often move in opposite directions. GXPE charges 0.15%/yr vs 0.60%/yr for XYLD.

Performance

GXPE vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) 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, GXPE achieves a 20.25% return, which is significantly higher than XYLD's 4.51% return.

GXPE

• 1D: -1.80%
• 1M: -9.28%
• YTD: 20.25%
• 6M: 21.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XYLD

• 1D: -0.02%
• 1M: 0.34%
• YTD: 4.51%
• 6M: 4.25%
• 1Y: 15.48%
• 3Y*: 11.32%
• 5Y*: 7.32%
• 10Y*: 8.36%

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

GXPE vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	20.25%	4.62%
XYLD Global X S&P 500 Covered Call ETF	4.51%	9.67%

Correlation

The correlation between GXPE and XYLD is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	-0.11

Return for Risk

GXPE vs. XYLD — Risk / Return Rank

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

GXPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XYLD

XYLD Risk / Return Rank: 80
XYLD Sharpe Ratio Rank: 79
XYLD Sortino Ratio Rank: 81
XYLD Omega Ratio Rank: 91
XYLD Calmar Ratio Rank: 66
XYLD Martin Ratio Rank: 84

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.

GXPE vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) 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.

	GXPE	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.28	—
Sortino ratio: Return per unit of downside risk	—	3.23	—
Omega ratio: Gain probability vs. loss probability	—	1.52	—
Calmar ratio: Return relative to maximum drawdown	—	2.94	—
Martin ratio: Return relative to average drawdown	—	15.36	—

Drawdowns

GXPE vs. XYLD - Drawdown Comparison

The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for GXPE and XYLD.

Drawdown Indicators

	GXPE	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-14.89%	-33.46%	+18.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.29%	—
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	-14.64%	-0.96%	-13.68%
Average Drawdown Average peak-to-trough decline	-3.66%	-3.70%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.01%	—

Volatility

Volatility by Period

	GXPE	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.74%	6.85%	+13.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	11.26%	+9.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	14.18%	+6.56%

GXPE vs. XYLD - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than XYLD's 0.60% expense ratio.

Dividends

GXPE vs. XYLD - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 1.00%, less than XYLD's 10.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPE Global X PureCap MSCI Energy ETF	1.00%	1.20%	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	10.54%	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 GXPE and XYLD in my portfolio?

GXPE and XYLD have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXPE or XYLD?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPE or XYLD?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.60% for XYLD.

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

XYLD has the higher dividend yield at 10.54%, compared with 1.00% for GXPE.

What is the main difference between GXPE and XYLD?

GXPE is categorized as Energy Equities, while XYLD is Derivative Income. GXPE tracks MSCI USA Energy PureCap Index, while XYLD tracks Cboe S&P 500 BuyWrite Index. Their fees differ too: 0.15% for GXPE and 0.60% for XYLD.