O vs. XYLD
Compare and contrast key facts about Realty Income Corporation (O) and Global X S&P 500 Covered Call ETF (XYLD).
XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: O or XYLD.
Key characteristics
| O | XYLD | |
|---|---|---|
| YTD Return | -4.73% | 4.43% |
| 1Y Return | -7.52% | 8.75% |
| 3Y Return (Ann) | -2.57% | 4.59% |
| 5Y Return (Ann) | -0.19% | 5.49% |
| 10Y Return (Ann) | 7.26% | 6.23% |
| Sharpe Ratio | -0.45 | 1.31 |
| Daily Std Dev | 19.61% | 6.25% |
| Max Drawdown | -48.45% | -33.46% |
| Current Drawdown | -21.30% | -1.46% |
Correlation
The correlation between O and XYLD is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
O vs. XYLD - Performance Comparison
In the year-to-date period, O achieves a -4.73% return, which is significantly lower than XYLD's 4.43% return. Over the past 10 years, O has outperformed XYLD with an annualized return of 7.26%, while XYLD has yielded a comparatively lower 6.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
O vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) 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.
Dividends
O vs. XYLD - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.70%, less than XYLD's 9.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.70% | 5.33% | 4.68% | 3.87% | 4.50% | 3.69% | 4.18% | 4.45% | 4.18% | 4.41% | 4.59% | 5.83% |
XYLD Global X S&P 500 Covered Call ETF | 9.60% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.23% | 4.65% | 4.14% | 2.49% |
Drawdowns
O vs. XYLD - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for O and XYLD. For additional features, visit the drawdowns tool.
Volatility
O vs. XYLD - Volatility Comparison
Realty Income Corporation (O) has a higher volatility of 6.06% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.89%. This indicates that O'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.