TYLG vs. SPY
Compare and contrast key facts about Global X Information Technology Covered Call & Growth ETF (TYLG) and SPDR S&P 500 ETF (SPY).
TYLG and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYLG is a passively managed fund by Global X that tracks the performance of the Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross. It was launched on Nov 21, 2022. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both TYLG and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYLG or SPY.
Correlation
The correlation between TYLG and SPY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TYLG vs. SPY - Performance Comparison
Key characteristics
TYLG:
1.12
SPY:
1.88
TYLG:
1.57
SPY:
2.53
TYLG:
1.21
SPY:
1.35
TYLG:
1.40
SPY:
2.83
TYLG:
5.77
SPY:
11.74
TYLG:
3.54%
SPY:
2.02%
TYLG:
18.19%
SPY:
12.64%
TYLG:
-14.53%
SPY:
-55.19%
TYLG:
-0.13%
SPY:
-0.42%
Returns By Period
In the year-to-date period, TYLG achieves a 3.86% return, which is significantly lower than SPY's 4.15% return.
TYLG
3.86%
2.12%
12.42%
22.10%
N/A
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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TYLG vs. SPY - Expense Ratio Comparison
TYLG has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TYLG vs. SPY — Risk-Adjusted Performance Rank
TYLG
SPY
TYLG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Information Technology Covered Call & Growth ETF (TYLG) and SPDR S&P 500 ETF (SPY). 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
TYLG vs. SPY - Dividend Comparison
TYLG's dividend yield for the trailing twelve months is around 6.48%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYLG Global X Information Technology Covered Call & Growth ETF | 6.48% | 7.24% | 11.90% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TYLG vs. SPY - Drawdown Comparison
The maximum TYLG drawdown since its inception was -14.53%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TYLG and SPY. For additional features, visit the drawdowns tool.
Volatility
TYLG vs. SPY - Volatility Comparison
Global X Information Technology Covered Call & Growth ETF (TYLG) has a higher volatility of 5.80% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that TYLG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.