XLSI vs. BUYW

Last updated Aug 2, 2026

XLSI (Consumer Staples Select Sector SPDR Premium Income ETF) and BUYW (Main Buywrite ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XLSI returned 6.59% vs 9.05% for BUYW. Their 0.13 correlation means their historical movements had little consistent relationship. XLSI charges 0.35%/yr vs 1.29%/yr for BUYW.

Performance

XLSI vs. BUYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) and Main Buywrite ETF (BUYW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLSI achieves a 6.67% return, which is significantly higher than BUYW's 4.80% return.

XLSI

• 1D: 0.02%
• 1M: 0.27%
• 6M: 1.55%
• YTD: 6.67%
• 1Y: 6.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.53%

BUYW

• 1D: -0.21%
• 1M: 0.36%
• 6M: 4.27%
• YTD: 4.80%
• 1Y: 9.05%
• 3Y*: 8.70%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUYW Main Buywrite ETF	$5.69M	$5.12M	$4.85M
XLSI Consumer Staples Select Sector SPDR Premium Income ETF	$285.83K	$265.98K	$245.15K

XLSI vs. BUYW - Yearly Performance Comparison

	2026 (YTD)	2025
XLSI Consumer Staples Select Sector SPDR Premium Income ETF	6.67%	-1.06%
BUYW Main Buywrite ETF	4.80%	3.77%

Correlation

The correlation between XLSI and BUYW is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.13

XLSI vs. BUYW - Sectors Allocation Comparison

Sectors	XLSI	BUYW
Financial Services	100.0%	15.0%
Consumer Defensive	98.2%	3.1%
Consumer Cyclical	1.8%	6.0%
Basic Materials	-	1.0%
Communication Services	-	6.5%
Energy	-	12.4%
Healthcare	-	13.8%
Industrials	-	4.6%
Real Estate	-	1.0%
Technology	-	25.9%
Utilities	-	10.9%

Return for Risk

XLSI vs. BUYW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XLSI

XLSI Risk / Return Rank: 26
XLSI Sharpe Ratio Rank: 28
XLSI Sortino Ratio Rank: 26
XLSI Omega Ratio Rank: 26
XLSI Calmar Ratio Rank: 28
XLSI Martin Ratio Rank: 24

BUYW

BUYW Risk / Return Rank: 85
BUYW Sharpe Ratio Rank: 80
BUYW Sortino Ratio Rank: 83
BUYW Omega Ratio Rank: 82
BUYW Calmar Ratio Rank: 87
BUYW Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XLSI vs. BUYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) and Main Buywrite ETF (BUYW). 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.

	XLSI	BUYW	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.82	-1.18
Sortino ratio: Return per unit of downside risk	0.98	2.71	-1.73
Omega ratio: Gain probability vs. loss probability	1.12	1.35	-0.23
Calmar ratio: Return relative to maximum drawdown	0.91	3.42	-2.51
Martin ratio: Return relative to average drawdown	1.87	18.22	-16.35

XLSI vs. BUYW - Sharpe Ratio Comparison

The current XLSI Sharpe Ratio is 0.64, which is lower than the BUYW Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of XLSI and BUYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XLSI vs. BUYW - Drawdown Comparison

The maximum XLSI drawdown since its inception was -7.87%, smaller than the maximum BUYW drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for XLSI and BUYW.

Drawdown Indicators

	XLSI	BUYW	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-9.36%	+1.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-2.59%	-5.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.36%	—
Current Drawdown Current decline from peak	-1.93%	-0.21%	-1.72%
Average Drawdown Average peak-to-trough decline	-3.20%	-0.59%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	0.49%	+3.33%

Volatility

XLSI vs. BUYW - Volatility Comparison

Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) has a higher volatility of 4.23% compared to Main Buywrite ETF (BUYW) at 1.10%. This indicates that XLSI's price experiences larger fluctuations and is considered to be riskier than BUYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLSI	BUYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	1.10%	+3.13%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	3.91%	+4.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	4.86%	+6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	8.34%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.17%	8.34%	+2.83%

XLSI vs. BUYW - Expense Ratio Comparison

XLSI has a 0.35% expense ratio, which is lower than BUYW's 1.29% expense ratio.

Dividends

XLSI vs. BUYW - Dividend Comparison

XLSI's dividend yield for the trailing twelve months is around 11.89%, more than BUYW's 5.92% yield.

Position	TTM	2025	2024	2023	2022
BUYW Main Buywrite ETF	5.92%	5.89%	5.93%	5.95%	0.50%
XLSI Consumer Staples Select Sector SPDR Premium Income ETF	11.89%	5.34%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLSI and BUYW in my portfolio?

XLSI and BUYW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLSI or BUYW?

XLSI has higher volatility (4.23%) compared to BUYW (1.10%). In terms of maximum drawdown, XLSI dropped -7.87% vs BUYW's -9.36%.

Which ETF is better, XLSI or BUYW?

On 1-year performance, BUYW leads with 9.05% vs 6.59% for XLSI. On fees, XLSI is cheaper at 0.35% per year. On volatility, BUYW has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLSI or BUYW?

Over the 1-year period, BUYW has performed better with a 9.05% return vs 6.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLSI or BUYW?

XLSI is cheaper with a 0.35% expense ratio, compared with 1.29% for BUYW.

Which ETF pays a higher dividend yield, XLSI or BUYW?

XLSI has the higher dividend yield at 11.89%, compared with 5.92% for BUYW.

What is the main difference between XLSI and BUYW?

They also come from different issuers: State Street and Main. Their fees differ too: 0.35% for XLSI and 1.29% for BUYW.

Which has better risk-adjusted returns?

BUYW currently has the higher Sharpe Ratio (1.82 vs 0.64), 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.