XYLD vs. IBID
XYLD (Global X S&P 500 Covered Call ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, XYLD returned 17.60% vs 4.04% for IBID. At a correlation of -0.04, they often move in opposite directions. XYLD charges 0.60%/yr vs 0.10%/yr for IBID.
Performance
XYLD vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, XYLD achieves a 5.47% return, which is significantly higher than IBID's 1.99% return.
XYLD
- 1D
- -0.05%
- 1M
- 1.26%
- YTD
- 5.47%
- 6M
- 5.58%
- 1Y
- 17.60%
- 3Y*
- 11.66%
- 5Y*
- 7.58%
- 10Y*
- 8.46%
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLD vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 5.47% | 8.02% | 19.49% | 0.75% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between XYLD and IBID is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.04 |
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Return for Risk
XYLD vs. IBID — Risk / Return Rank
XYLD
IBID
XYLD vs. IBID - 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 iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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 | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.75 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 8.22 | -4.88 |
| Martin ratioReturn relative to average drawdown | 17.53 | 30.99 | -13.46 |
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Drawdowns
XYLD vs. IBID - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for XYLD and IBID.
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Drawdown Indicators
| XYLD | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -1.28% | -32.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -0.49% | -4.80% |
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 | -0.05% | -0.49% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -0.22% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.13% | +0.88% |
Volatility
XYLD vs. IBID - Volatility Comparison
Global X S&P 500 Covered Call ETF (XYLD) has a higher volatility of 2.16% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that XYLD's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLD | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 0.35% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 0.86% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.80% | 1.23% | +5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 2.24% | +9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 2.24% | +11.97% |
XYLD vs. IBID - Expense Ratio Comparison
XYLD has a 0.60% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
XYLD vs. IBID - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 11.39%, more than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 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 | 11.39% | 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 IBID have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYLD has higher volatility (2.16%) compared to IBID (0.35%). In terms of maximum drawdown, XYLD dropped -33.46% vs IBID's -1.28%.
On 1-year performance, XYLD leads with 17.60% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XYLD has performed better with a 17.60% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.60% for XYLD.
XYLD has the higher dividend yield at 11.39%, compared with 3.68% for IBID.
XYLD is categorized as Derivative Income, while IBID is Inflation-Protected Bonds. XYLD tracks Cboe S&P 500 BuyWrite Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for XYLD and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.29 vs 2.60), 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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