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:
0.78
XYLD:
2.88
XFLT:
1.09
XYLD:
3.99
XFLT:
1.18
XYLD:
1.77
XFLT:
0.93
XYLD:
3.94
XFLT:
2.39
XYLD:
25.87
XFLT:
3.85%
XYLD:
0.79%
XFLT:
11.74%
XYLD:
7.09%
XFLT:
-55.42%
XYLD:
-33.46%
XFLT:
-6.35%
XYLD:
0.00%
Returns By Period
In the year-to-date period, XFLT achieves a 7.05% return, which is significantly lower than XYLD's 19.26% return.
XFLT
7.05%
-2.96%
0.84%
8.12%
9.22%
N/A
XYLD
19.26%
2.75%
11.45%
19.65%
6.78%
7.07%
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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 15.29%, more than XYLD's 9.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 15.29% | 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 | 9.16% | 10.51% | 13.44% | 9.08% | 7.93% | 5.75% | 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
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a higher volatility of 7.23% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.98%. 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.