XYLD vs. HDV
Compare and contrast key facts about Global X S&P 500 Covered Call ETF (XYLD) and iShares Core High Dividend ETF (HDV).
XYLD and HDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. Both XYLD and HDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XYLD or HDV.
Key characteristics
| XYLD | HDV | |
|---|---|---|
| YTD Return | 4.30% | 8.02% |
| 1Y Return | 9.87% | 11.83% |
| 3Y Return (Ann) | 4.61% | 8.64% |
| 5Y Return (Ann) | 5.56% | 6.93% |
| 10Y Return (Ann) | 6.36% | 7.93% |
| Sharpe Ratio | 1.53 | 0.96 |
| Daily Std Dev | 6.32% | 10.81% |
| Max Drawdown | -33.46% | -37.04% |
| Current Drawdown | -1.58% | -0.81% |
Correlation
The correlation between XYLD and HDV is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XYLD vs. HDV - Performance Comparison
In the year-to-date period, XYLD achieves a 4.30% return, which is significantly lower than HDV's 8.02% return. Over the past 10 years, XYLD has underperformed HDV with an annualized return of 6.36%, while HDV has yielded a comparatively higher 7.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XYLD vs. HDV - Expense Ratio Comparison
XYLD has a 0.60% expense ratio, which is higher than HDV's 0.08% expense ratio.
Risk-Adjusted Performance
XYLD vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (XYLD) and iShares Core High Dividend ETF (HDV). 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.
Dividends
XYLD vs. HDV - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 9.61%, more than HDV's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 9.61% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.23% | 4.65% | 4.14% | 2.49% |
HDV iShares Core High Dividend ETF | 3.37% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
XYLD vs. HDV - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for XYLD and HDV. For additional features, visit the drawdowns tool.
Volatility
XYLD vs. HDV - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 1.82%, while iShares Core High Dividend ETF (HDV) has a volatility of 3.31%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.