ODTE vs. XYLD
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds. ODTE is actively managed, while XYLD is passively managed. Their correlation of 0.82 means they have usually moved in the same direction. ODTE charges 0.76%/yr vs 0.60%/yr for XYLD.
Performance
ODTE vs. XYLD - Performance Comparison
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Returns By Period
ODTE
- 1D
- 0.36%
- 1M
- -2.35%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XYLD
- 1D
- 0.49%
- 1M
- 1.82%
- 6M
- 6.81%
- YTD
- 8.05%
- 1Y
- 18.90%
- 3Y*
- 11.51%
- 5Y*
- 7.90%
- 10Y*
- 8.34%
- ALL TIME*
- 8.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $150.19K | $175.13K | $172.74K | |
| $36.93M | $37.58M | $32.35M |
ODTE vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 8.63% |
XYLD Global X S&P 500 Covered Call ETF | 8.69% |
Correlation
The correlation between ODTE and XYLD is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026 | 0.82 |
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Return for Risk
ODTE vs. XYLD — Risk / Return Rank
ODTE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XYLD
ODTE vs. XYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.
| ODTE | XYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.56 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.40 | — |
| Martin ratioReturn relative to average drawdown | — | 17.69 | — |
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Drawdowns
ODTE vs. XYLD - Drawdown Comparison
The maximum ODTE drawdown since its inception was -7.04%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for ODTE and XYLD.
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Drawdown Indicators
| ODTE | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.04% | -33.46% | +26.42% |
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 DrawdownCurrent decline from peak | -5.25% | 0.00% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -3.68% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.02% | — |
Volatility
ODTE vs. XYLD - Volatility Comparison
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Volatility by Period
| ODTE | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 7.13% | +7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 11.27% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 14.15% | +0.94% |
ODTE vs. XYLD - Expense Ratio Comparison
ODTE has a 0.76% expense ratio, which is higher than XYLD's 0.60% expense ratio.
Dividends
ODTE vs. XYLD - Dividend Comparison
ODTE's dividend yield for the trailing twelve months is around 4.54%, less than XYLD's 10.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 4.54% | 0.00% | 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
ODTE and XYLD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYLD is cheaper with a 0.60% expense ratio, compared with 0.76% for ODTE.
XYLD has the higher dividend yield at 10.53%, compared with 4.54% for ODTE.
They also come from different issuers: VegaShares and Global X. Their fees differ too: 0.76% for ODTE and 0.60% for XYLD.
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