XFLT vs. XYLD
XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is a stock, while XYLD (Global X S&P 500 Covered Call ETF) is Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. Over the past 5 years, XFLT returned -3.24%/yr vs 7.90%/yr for XYLD. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
XFLT vs. XYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XFLT achieves a -13.70% return, which is significantly lower than XYLD's 8.05% return.
XFLT
- 1D
- -0.48%
- 1M
- 7.09%
- 6M
- -8.91%
- YTD
- -13.70%
- 1Y
- -20.33%
- 3Y*
- -4.28%
- 5Y*
- -3.24%
- 10Y*
- —
- ALL TIME*
- 1.20%
XYLD
- 1D
- 0.49%
- 1M
- 1.82%
- 6M
- 6.81%
- YTD
- 8.05%
- 1Y
- 18.90%
- 3Y*
- 11.51%
- 5Y*
- 7.90%
- 10Y*
- 8.34%
- ALL TIME*
- 8.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.03M | $1.89M | $1.66M | |
| $36.93M | $37.58M | $32.35M |
XFLT vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -13.70% | -15.35% | 7.37% | 30.40% | -20.30% | 31.30% | 5.13% | 22.05% | -15.10% | -4.70% |
XYLD Global X S&P 500 Covered Call ETF | 8.05% | 8.02% | 19.49% | 11.10% | -12.05% | 19.59% | -0.56% | 21.41% | -6.09% | 5.41% |
Correlation
The correlation between XFLT and XYLD is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XFLT vs. XYLD — Risk / Return Rank
XFLT
XYLD
XFLT vs. XYLD - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XFLT | XYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.49 | ||
| Sortino ratioReturn per unit of downside risk | -4.96 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.56 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 3.40 | -3.91 |
| Martin ratioReturn relative to average drawdown | -0.93 | 17.69 | -18.61 |
Loading charts...
Drawdowns
XFLT vs. XYLD - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.43%, 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.
Loading charts...
Drawdown Indicators
| XFLT | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -33.46% | -21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -40.67% | -5.29% | -35.38% |
Max Drawdown (3Y)Largest decline over 3 years | -47.04% | -15.53% | -31.51% |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | -18.66% | -28.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -31.38% | 0.00% | -31.38% |
Average DrawdownAverage peak-to-trough decline | -14.75% | -3.68% | -11.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.13% | 1.02% | +21.11% |
Volatility
XFLT vs. XYLD - Volatility Comparison
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a higher volatility of 6.27% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.92%. 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.
Loading charts...
Volatility by Period
| XFLT | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 1.92% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 18.99% | 5.97% | +13.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 7.13% | +14.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 11.27% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 14.15% | +11.91% |
Dividends
XFLT vs. XYLD - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 18.87%, more than XYLD's 10.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 18.87% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.53% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Frequently Asked Questions
XFLT and XYLD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XFLT has higher volatility (6.27%) compared to XYLD (1.92%). In terms of maximum drawdown, XFLT dropped -55.43% vs XYLD's -33.46%.
XYLD currently has the higher Sharpe Ratio (2.53 vs -0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for XFLT and XYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer