LLDR vs. XYLD

Last updated Jul 1, 2026

LLDR (Global X Long-Term Treasury Ladder ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - LLDR is a Government Bonds fund managed by Global X, while XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. Over the past year, LLDR returned 2.86% vs 16.49% for XYLD. At a 0.12 correlation, their price movements are largely independent. LLDR charges 0.12%/yr vs 0.60%/yr for XYLD.

Performance

LLDR vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Long-Term Treasury Ladder ETF (LLDR) 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, LLDR achieves a 0.69% return, which is significantly lower than XYLD's 5.99% return.

LLDR

• 1D: -1.04%
• 1M: 1.16%
• YTD: 0.69%
• 6M: 0.13%
• 1Y: 2.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XYLD

• 1D: 0.47%
• 1M: 0.99%
• YTD: 5.99%
• 6M: 5.71%
• 1Y: 16.49%
• 3Y*: 11.35%
• 5Y*: 7.58%
• 10Y*: 8.32%

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

LLDR vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LLDR Global X Long-Term Treasury Ladder ETF	0.69%	5.69%	-9.39%
XYLD Global X S&P 500 Covered Call ETF	5.99%	8.02%	8.34%

Correlation

The correlation between LLDR and XYLD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.12

Return for Risk

LLDR vs. XYLD — Risk / Return Rank

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

LLDR

LLDR Risk / Return Rank: 13
LLDR Sharpe Ratio Rank: 14
LLDR Sortino Ratio Rank: 13
LLDR Omega Ratio Rank: 12
LLDR Calmar Ratio Rank: 14
LLDR Martin Ratio Rank: 14

XYLD

XYLD Risk / Return Rank: 86
XYLD Sharpe Ratio Rank: 87
XYLD Sortino Ratio Rank: 88
XYLD Omega Ratio Rank: 93
XYLD Calmar Ratio Rank: 73
XYLD Martin Ratio Rank: 88

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.

LLDR vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Long-Term Treasury Ladder ETF (LLDR) 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.

	LLDR	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.34	2.40	-2.06
Sortino ratio: Return per unit of downside risk	0.55	3.42	-2.86
Omega ratio: Gain probability vs. loss probability	1.06	1.55	-0.49
Calmar ratio: Return relative to maximum drawdown	0.41	3.13	-2.72
Martin ratio: Return relative to average drawdown	1.04	16.31	-15.27

LLDR vs. XYLD - Sharpe Ratio Comparison

The current LLDR Sharpe Ratio is 0.34, which is lower than the XYLD Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of LLDR 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

LLDR vs. XYLD - Drawdown Comparison

The maximum LLDR drawdown since its inception was -12.46%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for LLDR and XYLD.

Drawdown Indicators

	LLDR	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-33.46%	+21.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-5.29%	-1.71%
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	-4.62%	0.00%	-4.62%
Average Drawdown Average peak-to-trough decline	-6.42%	-3.70%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	1.01%	+1.74%

Volatility

LLDR vs. XYLD - Volatility Comparison

Global X Long-Term Treasury Ladder ETF (LLDR) and Global X S&P 500 Covered Call ETF (XYLD) have volatilities of 2.53% and 2.55%, 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

	LLDR	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.55%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	6.14%	5.88%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	8.41%	6.90%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.08%	11.27%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.08%	14.16%	-4.08%

LLDR vs. XYLD - Expense Ratio Comparison

LLDR has a 0.12% expense ratio, which is lower than XYLD's 0.60% expense ratio.

Dividends

LLDR vs. XYLD - Dividend Comparison

LLDR's dividend yield for the trailing twelve months is around 4.55%, less than XYLD's 10.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LLDR Global X Long-Term Treasury Ladder ETF	4.55%	4.42%	1.20%	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	10.39%	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 LLDR and XYLD in my portfolio?

LLDR and XYLD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLDR or XYLD?

XYLD has higher volatility (2.55%) compared to LLDR (2.53%). In terms of maximum drawdown, LLDR dropped -12.46% vs XYLD's -33.46%.

Which ETF is better, LLDR or XYLD?

On 1-year performance, XYLD leads with 16.49% vs 2.86% for LLDR. On fees, LLDR is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LLDR or XYLD?

Over the 1-year period, XYLD has performed better with a 16.49% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LLDR or XYLD?

LLDR is cheaper with a 0.12% expense ratio, compared with 0.60% for XYLD.

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

XYLD has the higher dividend yield at 10.39%, compared with 4.55% for LLDR.

What is the main difference between LLDR and XYLD?

LLDR is categorized as Government Bonds, while XYLD is Derivative Income. Their fees differ too: 0.12% for LLDR and 0.60% for XYLD.

Which has better risk-adjusted returns?

XYLD currently has the higher Sharpe Ratio (2.40 vs 0.34), 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.