XYLD vs. FIYY
XYLD (Global X S&P 500 Covered Call ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. XYLD is passively managed, while FIYY is actively managed. At a 0.33 correlation, their price movements are largely independent. XYLD charges 0.60%/yr vs 1.07%/yr for FIYY.
Performance
XYLD vs. FIYY - Performance Comparison
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Returns By Period
XYLD
- 1D
- 0.27%
- 1M
- 2.23%
- 6M
- 6.22%
- YTD
- 7.16%
- 1Y
- 17.29%
- 3Y*
- 11.42%
- 5Y*
- 7.69%
- 10Y*
- 8.17%
FIYY
- 1D
- 0.16%
- 1M
- -0.47%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLD vs. FIYY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XYLD Global X S&P 500 Covered Call ETF | 4.14% |
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF | -1.85% |
Correlation
The correlation between XYLD and FIYY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 5, 2026 | 0.33 |
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Return for Risk
XYLD vs. FIYY — Risk / Return Rank
XYLD
FIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XYLD vs. FIYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (XYLD) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.
| XYLD | FIYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | — | — |
| Martin ratioReturn relative to average drawdown | 17.10 | — | — |
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Drawdowns
XYLD vs. FIYY - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for XYLD and FIYY.
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Drawdown Indicators
| XYLD | FIYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -2.51% | -30.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.97% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -1.48% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | — | — |
Volatility
XYLD vs. FIYY - Volatility Comparison
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Volatility by Period
| XYLD | FIYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 5.05% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.28% | 5.05% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.15% | 5.05% | +9.10% |
XYLD vs. FIYY - Expense Ratio Comparison
XYLD has a 0.60% expense ratio, which is lower than FIYY's 1.07% expense ratio.
Dividends
XYLD vs. FIYY - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 10.28%, more than FIYY's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.28% | 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
XYLD and FIYY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYLD is cheaper with a 0.60% expense ratio, compared with 1.07% for FIYY.
XYLD has the higher dividend yield at 10.28%, compared with 1.13% for FIYY.
They also come from different issuers: Global X and GraniteShares. Their fees differ too: 0.60% for XYLD and 1.07% for FIYY.
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