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.
Key characteristics
| XFLT | XYLD | |
|---|---|---|
| YTD Return | 10.40% | 15.98% |
| 1Y Return | 13.66% | 18.94% |
| 3Y Return (Ann) | 3.79% | 4.78% |
| 5Y Return (Ann) | 8.62% | 6.59% |
| Sharpe Ratio | 1.34 | 2.77 |
| Sortino Ratio | 1.86 | 3.76 |
| Omega Ratio | 1.28 | 1.74 |
| Calmar Ratio | 1.33 | 3.00 |
| Martin Ratio | 3.76 | 24.16 |
| Ulcer Index | 3.63% | 0.79% |
| Daily Std Dev | 10.18% | 6.87% |
| Max Drawdown | -55.42% | -33.46% |
| Current Drawdown | 0.00% | 0.00% |
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
In the year-to-date period, XFLT achieves a 10.40% return, which is significantly lower than XYLD's 15.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 14.59%, more than XYLD's 9.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 14.59% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 9.09% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
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
The current volatility for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) is 1.41%, while Global X S&P 500 Covered Call ETF (XYLD) has a volatility of 2.34%. This indicates that XFLT experiences smaller price fluctuations and is considered to be less risky than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.