XFLT vs. XYLD
Compare and contrast key facts about XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) and Global X S&P 500 Covered Call ETF (XYLD).
XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XFLT or XYLD.
Correlation
The correlation between XFLT and XYLD is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XFLT vs. XYLD - Performance Comparison
Key characteristics
XFLT:
0.06
XYLD:
2.74
XFLT:
0.14
XYLD:
3.82
XFLT:
1.02
XYLD:
1.69
XFLT:
0.06
XYLD:
3.89
XFLT:
0.19
XYLD:
25.17
XFLT:
3.10%
XYLD:
0.80%
XFLT:
10.75%
XYLD:
7.37%
XFLT:
-55.42%
XYLD:
-33.46%
XFLT:
-8.54%
XYLD:
0.00%
Returns By Period
In the year-to-date period, XFLT achieves a -2.63% return, which is significantly lower than XYLD's 3.27% return.
XFLT
-2.63%
-0.93%
-1.00%
0.46%
7.69%
N/A
XYLD
3.27%
1.86%
11.39%
20.71%
6.91%
7.37%
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Risk-Adjusted Performance
XFLT vs. XYLD — Risk-Adjusted Performance Rank
XFLT
XYLD
XFLT vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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.
Dividends
XFLT vs. XYLD - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 14.38%, more than XYLD's 10.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 14.38% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.71% | 11.55% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 5.17% | 3.24% | 4.65% | 4.15% |
Drawdowns
XFLT vs. XYLD - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.42%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for XFLT and XYLD. For additional features, visit the drawdowns tool.
Volatility
XFLT vs. XYLD - Volatility Comparison
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a higher volatility of 3.71% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.42%. This indicates that XFLT'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.