XYLD vs. FYEE
XYLD (Global X S&P 500 Covered Call ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. XYLD is passively managed, while FYEE is actively managed. Over the past year, XYLD returned 17.66% vs 24.64% for FYEE. Their correlation of 0.84 suggests significant overlap in exposure. XYLD charges 0.60%/yr vs 0.28%/yr for FYEE.
Performance
XYLD vs. FYEE - Performance Comparison
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Returns By Period
In the year-to-date period, XYLD achieves a 4.96% return, which is significantly lower than FYEE's 7.03% return.
XYLD
- 1D
- -0.15%
- 1M
- 2.00%
- YTD
- 4.96%
- 6M
- 6.48%
- 1Y
- 17.66%
- 3Y*
- 11.27%
- 5Y*
- 7.72%
- 10Y*
- 8.25%
FYEE
- 1D
- -0.30%
- 1M
- 3.22%
- YTD
- 7.03%
- 6M
- 8.52%
- 1Y
- 24.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLD vs. FYEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 4.96% | 8.02% | 12.78% |
FYEE Fidelity Yield Enhanced Equity ETF | 7.03% | 15.76% | 13.20% |
Correlation
The correlation between XYLD and FYEE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024 | 0.84 |
The correlation between XYLD and FYEE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
XYLD vs. FYEE — Risk / Return Rank
XYLD
FYEE
XYLD vs. FYEE - 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 Fidelity Yield Enhanced Equity ETF (FYEE). 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.
| XYLD | FYEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.52 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.35 | 0.00 |
| Martin ratioReturn relative to average drawdown | 17.84 | 17.14 | +0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XYLD | FYEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.57 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.24 | -0.64 |
Drawdowns
XYLD vs. FYEE - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for XYLD and FYEE.
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Drawdown Indicators
| XYLD | FYEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -18.79% | -14.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -7.39% | +2.10% |
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 | -0.15% | -0.30% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -2.25% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.44% | -0.45% |
Volatility
XYLD vs. FYEE - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 0.88%, while Fidelity Yield Enhanced Equity ETF (FYEE) has a volatility of 1.43%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than FYEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLD | FYEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.43% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 5.37% | 7.26% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 9.64% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.22% | 13.84% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 13.84% | +0.37% |
XYLD vs. FYEE - Expense Ratio Comparison
XYLD has a 0.60% expense ratio, which is higher than FYEE's 0.28% expense ratio.
Dividends
XYLD vs. FYEE - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 10.52%, more than FYEE's 7.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYEE Fidelity Yield Enhanced Equity ETF | 7.57% | 7.08% | 5.45% | 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 | 10.52% | 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 FYEE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FYEE has higher volatility (1.43%) compared to XYLD (0.88%). In terms of maximum drawdown, XYLD dropped -33.46% vs FYEE's -18.79%.
On 1-year performance, FYEE leads with 24.64% vs 17.66% for XYLD. On fees, FYEE is cheaper at 0.28% per year. On volatility, XYLD has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FYEE has performed better with a 24.64% return vs 17.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FYEE is cheaper with a 0.28% expense ratio, compared with 0.60% for XYLD.
XYLD has the higher dividend yield at 10.52%, compared with 7.57% for FYEE.
They also come from different issuers: Global X and Fidelity. Their fees differ too: 0.60% for XYLD and 0.28% for FYEE.
XYLD currently has the higher Sharpe Ratio (2.71 vs 2.57), 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.
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