XLCI vs. HYGW
XLCI (State Street Communication Services Select Sector SPDR Premium Income ETF) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both Derivative Income funds. XLCI is actively managed, while HYGW is passively managed. Over the past year, XLCI returned 4.28% vs 5.90% for HYGW. Their 0.51 correlation means they have sometimes moved together and sometimes differently. XLCI charges 0.35%/yr vs 0.69%/yr for HYGW.
Performance
XLCI vs. HYGW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLCI achieves a -2.58% return, which is significantly lower than HYGW's 2.36% return.
XLCI
- 1D
- 1.54%
- 1M
- -0.56%
- 6M
- -4.49%
- YTD
- -2.58%
- 1Y
- 4.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.98%
HYGW
- 1D
- 0.14%
- 1M
- 0.03%
- 6M
- 1.81%
- YTD
- 2.36%
- 1Y
- 5.90%
- 3Y*
- 5.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $480.97K | $636.40K | $814.79K | |
| $102.51K | $79.36K | $72.31K |
XLCI vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF | -2.58% | 6.73% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 2.36% | 3.39% |
Correlation
The correlation between XLCI and HYGW is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.51 |
The correlation between XLCI and HYGW has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.
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
XLCI vs. HYGW — Risk / Return Rank
XLCI
HYGW
XLCI vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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.
| XLCI | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.42 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 3.26 | -2.84 |
| Martin ratioReturn relative to average drawdown | 1.23 | 14.57 | -13.33 |
Loading charts...
Drawdowns
XLCI vs. HYGW - Drawdown Comparison
The maximum XLCI drawdown since its inception was -8.44%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for XLCI and HYGW.
Loading charts...
Drawdown Indicators
| XLCI | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.44% | -5.49% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -1.82% | -6.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.42% | — |
Current DrawdownCurrent decline from peak | -5.54% | -0.21% | -5.33% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -0.59% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 0.41% | +2.45% |
Volatility
XLCI vs. HYGW - Volatility Comparison
State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) has a higher volatility of 5.62% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.80%. This indicates that XLCI's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XLCI | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 0.80% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 2.32% | +7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 2.92% | +9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 4.62% | +7.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 4.62% | +7.67% |
XLCI vs. HYGW - Expense Ratio Comparison
XLCI has a 0.35% expense ratio, which is lower than HYGW's 0.69% expense ratio.
Dividends
XLCI vs. HYGW - Dividend Comparison
XLCI's dividend yield for the trailing twelve months is around 11.73%, more than HYGW's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 10.71% | 12.53% | 12.30% | 15.98% | 8.71% |
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF | 11.73% | 5.23% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLCI and HYGW have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLCI has higher volatility (5.62%) compared to HYGW (0.80%). In terms of maximum drawdown, XLCI dropped -8.44% vs HYGW's -5.49%.
On 1-year performance, HYGW leads with 5.90% vs 4.28% for XLCI. On fees, XLCI is cheaper at 0.35% per year. On volatility, HYGW has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYGW has performed better with a 5.90% return vs 4.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLCI is cheaper with a 0.35% expense ratio, compared with 0.69% for HYGW.
XLCI has the higher dividend yield at 11.73%, compared with 10.71% for HYGW.
They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XLCI and 0.69% for HYGW.
HYGW currently has the higher Sharpe Ratio (2.03 vs 0.29), 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 XLCI and HYGW
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