SPYA vs. XCLR

Last updated Jun 4, 2026

SPYA (Twin Oak Endure ETF) and XCLR (Global X S&P 500 Collar 95-110 ETF) are both Equity Hedged funds. SPYA is actively managed, while XCLR is passively managed. Over the past year, SPYA returned 20.68% vs 13.37% for XCLR. Their correlation of 0.90 suggests significant overlap in exposure. SPYA charges 0.49%/yr vs 0.25%/yr for XCLR.

Performance

SPYA vs. XCLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twin Oak Endure ETF (SPYA) and Global X S&P 500 Collar 95-110 ETF (XCLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYA achieves a 8.05% return, which is significantly higher than XCLR's 2.37% return.

SPYA

• 1D: -0.66%
• 1M: 5.09%
• YTD: 8.05%
• 6M: 7.32%
• 1Y: 20.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XCLR

• 1D: -0.05%
• 1M: 2.04%
• YTD: 2.37%
• 6M: 2.16%
• 1Y: 13.37%
• 3Y*: 13.42%
• 5Y*: —
• 10Y*: —

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

SPYA vs. XCLR - Yearly Performance Comparison

	2026 (YTD)	2025
SPYA Twin Oak Endure ETF	8.05%	11.69%
XCLR Global X S&P 500 Collar 95-110 ETF	2.37%	10.75%

Correlation

The correlation between SPYA and XCLR is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.90

Return for Risk

SPYA vs. XCLR — Risk / Return Rank

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

XCLR

XCLR Risk / Return Rank: 41
XCLR Sharpe Ratio Rank: 44
XCLR Sortino Ratio Rank: 43
XCLR Omega Ratio Rank: 45
XCLR Calmar Ratio Rank: 32
XCLR Martin Ratio Rank: 41

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.

SPYA vs. XCLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twin Oak Endure ETF (SPYA) and Global X S&P 500 Collar 95-110 ETF (XCLR). 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

	SPYA	XCLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.87	0.73	+1.13

Drawdowns

SPYA vs. XCLR - Drawdown Comparison

The maximum SPYA drawdown since its inception was -9.51%, smaller than the maximum XCLR drawdown of -14.63%. Use the drawdown chart below to compare losses from any high point for SPYA and XCLR.

Drawdown Indicators

	SPYA	XCLR	Difference
Max Drawdown Largest peak-to-trough decline	-9.51%	-14.63%	+5.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-8.29%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.46%	—
Current Drawdown Current decline from peak	-0.66%	-0.05%	-0.61%
Average Drawdown Average peak-to-trough decline	-1.45%	-4.71%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.06%	—

Volatility

Volatility by Period

	SPYA	XCLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	8.58%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.15%	10.44%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.15%	10.44%	+0.71%

SPYA vs. XCLR - Expense Ratio Comparison

SPYA has a 0.49% expense ratio, which is higher than XCLR's 0.25% expense ratio.

Dividends

SPYA vs. XCLR - Dividend Comparison

SPYA's dividend yield for the trailing twelve months is around 0.35%, less than XCLR's 12.85% yield.

Position	TTM	2025	2024	2023	2022	2021
SPYA Twin Oak Endure ETF	0.35%	0.37%	0.00%	0.00%	0.00%	0.00%
XCLR Global X S&P 500 Collar 95-110 ETF	12.85%	13.15%	18.76%	1.40%	1.01%	1.70%

Frequently Asked Questions

Can I hold both SPYA and XCLR in my portfolio?

SPYA and XCLR have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYA or XCLR?

On 1-year performance, SPYA leads with 20.68% vs 13.37% for XCLR. On fees, XCLR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPYA or XCLR?

Over the 1-year period, SPYA has performed better with a 20.68% return vs 13.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPYA or XCLR?

XCLR is cheaper with a 0.25% expense ratio, compared with 0.49% for SPYA.

Which ETF pays a higher dividend yield, SPYA or XCLR?

XCLR has the higher dividend yield at 12.85%, compared with 0.35% for SPYA.

What is the main difference between SPYA and XCLR?

They also come from different issuers: Twin Oak and Global X. Their fees differ too: 0.49% for SPYA and 0.25% for XCLR.