SPYO.L vs. XYLD
Compare and contrast key facts about IncomeShares S&P500 Options (0DTE) ETP GBP (SPYO.L) and Global X S&P 500 Covered Call ETF (XYLD).
SPYO.L and XYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYO.L is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024. XYLD is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Jun 24, 2013.
Performance
SPYO.L vs. XYLD - Performance Comparison
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SPYO.L vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYO.L IncomeShares S&P500 Options (0DTE) ETP GBP | -13.02% | 8.13% | 0.31% |
XYLD Global X S&P 500 Covered Call ETF | 1.06% | 0.32% | 13.51% |
Different Trading Currencies
SPYO.L is traded in GBp, while XYLD is traded in USD. To make them comparable, the XYLD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYO.L achieves a -13.02% return, which is significantly lower than XYLD's 1.06% return.
SPYO.L
- 1D
- -4.42%
- 1M
- -6.41%
- YTD
- -13.02%
- 6M
- -9.29%
- 1Y
- -1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLD
- 1D
- 0.23%
- 1M
- -1.43%
- YTD
- 1.06%
- 6M
- 7.38%
- 1Y
- 8.20%
- 3Y*
- 7.76%
- 5Y*
- 7.96%
- 10Y*
- 8.69%
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SPYO.L vs. XYLD - Expense Ratio Comparison
SPYO.L has a 0.45% expense ratio, which is lower than XYLD's 0.60% expense ratio.
Return for Risk
SPYO.L vs. XYLD — Risk / Return Rank
SPYO.L
XYLD
SPYO.L vs. XYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares S&P500 Options (0DTE) ETP GBP (SPYO.L) 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.
| SPYO.L | XYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.08 | 0.56 | -0.65 |
Sortino ratioReturn per unit of downside risk | -0.01 | 0.91 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.94 | -1.03 |
Martin ratioReturn relative to average drawdown | -0.34 | 2.94 | -3.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYO.L | XYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.56 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.61 | -0.85 |
Correlation
The correlation between SPYO.L and XYLD is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPYO.L vs. XYLD - Dividend Comparison
SPYO.L's dividend yield for the trailing twelve months is around 61.02%, more than XYLD's 10.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYO.L IncomeShares S&P500 Options (0DTE) ETP GBP | 61.02% | 84.42% | 2.75% | 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 | 10.93% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Drawdowns
SPYO.L vs. XYLD - Drawdown Comparison
The maximum SPYO.L drawdown since its inception was -17.68%, smaller than the maximum XYLD drawdown of -26.73%. Use the drawdown chart below to compare losses from any high point for SPYO.L and XYLD.
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Drawdown Indicators
| SPYO.L | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -33.46% | +15.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.17% | -10.14% | -4.03% |
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 | -14.17% | -2.94% | -11.23% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -3.76% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 1.73% | +2.18% |
Volatility
SPYO.L vs. XYLD - Volatility Comparison
IncomeShares S&P500 Options (0DTE) ETP GBP (SPYO.L) has a higher volatility of 5.56% compared to Global X S&P 500 Covered Call ETF (XYLD) at 3.46%. This indicates that SPYO.L'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.
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Volatility by Period
| SPYO.L | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 3.46% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 6.49% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.29% | 14.67% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 12.00% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.66% | 15.59% | -0.93% |