ORBX vs. XYLD

Last updated Jun 4, 2026

ORBX (Global X Space Tech ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index, while XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. Both are passively managed. At a 0.32 correlation, their price movements are largely independent. ORBX charges 0.50%/yr vs 0.60%/yr for XYLD.

Performance

ORBX vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Space Tech ETF (ORBX) and Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ORBX

• 1D: -7.31%
• 1M: 23.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XYLD

• 1D: -0.15%
• 1M: 2.00%
• YTD: 4.96%
• 6M: 6.48%
• 1Y: 17.66%
• 3Y*: 11.27%
• 5Y*: 7.72%
• 10Y*: 8.25%

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

ORBX vs. XYLD - Yearly Performance Comparison

	2026 (YTD)
ORBX Global X Space Tech ETF	22.02%
XYLD Global X S&P 500 Covered Call ETF	3.83%

Correlation

The correlation between ORBX and XYLD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 16, 2026	0.32

Return for Risk

ORBX vs. XYLD — Risk / Return Rank

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

XYLD

XYLD Risk / Return Rank: 82
XYLD Sharpe Ratio Rank: 81
XYLD Sortino Ratio Rank: 84
XYLD Omega Ratio Rank: 92
XYLD Calmar Ratio Rank: 66
XYLD Martin Ratio Rank: 85

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.

ORBX vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Space Tech ETF (ORBX) 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.

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

Sharpe Ratios by Period

	ORBX	XYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.71	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.31	0.60	+3.71

Drawdowns

ORBX vs. XYLD - Drawdown Comparison

The maximum ORBX drawdown since its inception was -18.53%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for ORBX and XYLD.

Drawdown Indicators

	ORBX	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-18.53%	-33.46%	+14.93%
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	-18.53%	-0.15%	-18.38%
Average Drawdown Average peak-to-trough decline	-5.01%	-3.72%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	ORBX	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.41%	6.55%	+72.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.41%	11.22%	+68.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.41%	14.21%	+65.20%

ORBX vs. XYLD - Expense Ratio Comparison

ORBX has a 0.50% expense ratio, which is lower than XYLD's 0.60% expense ratio.

Dividends

ORBX vs. XYLD - Dividend Comparison

ORBX has not paid dividends to shareholders, while XYLD's dividend yield for the trailing twelve months is around 10.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ORBX Global X Space Tech ETF	0.00%	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	10.52%	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 ORBX and XYLD in my portfolio?

ORBX and XYLD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ORBX or XYLD?

On fees, ORBX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ORBX or XYLD?

ORBX is cheaper with a 0.50% expense ratio, compared with 0.60% for XYLD.

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

XYLD has the higher dividend yield at 10.52%, compared with 0.00% for ORBX.

What is the main difference between ORBX and XYLD?

ORBX is categorized as Aerospace & Defense, while XYLD is Derivative Income. ORBX tracks Global X Space Tech Index, while XYLD tracks Cboe S&P 500 BuyWrite Index. Their fees differ too: 0.50% for ORBX and 0.60% for XYLD.