XYLD vs. PDI
XYLD (Global X S&P 500 Covered Call ETF) is Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 10 years, XYLD returned 8.27%/yr vs 6.50%/yr for PDI. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
XYLD vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, XYLD achieves a 8.63% return, which is significantly higher than PDI's -1.83% return. Over the past 10 years, XYLD has outperformed PDI with an annualized return of 8.27%, while PDI has yielded a comparatively lower 6.50% annualized return.
XYLD
- 1D
- 0.53%
- 1M
- 2.36%
- 6M
- 6.99%
- YTD
- 8.63%
- 1Y
- 19.53%
- 3Y*
- 12.12%
- 5Y*
- 7.92%
- 10Y*
- 8.27%
- ALL TIME*
- 8.41%
PDI
- 1D
- -0.50%
- 1M
- -3.40%
- 6M
- -6.40%
- YTD
- -1.83%
- 1Y
- -4.11%
- 3Y*
- 7.98%
- 5Y*
- 2.17%
- 10Y*
- 6.50%
- ALL TIME*
- 9.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $44.75M | $42.43M | $45.64M | |
| $33.43M | $34.54M | $32.48M |
XYLD vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 8.63% | 8.02% | 19.49% | 11.10% | -12.05% | 19.59% | -0.56% | 21.41% | -6.09% | 16.49% |
PDI PIMCO Dynamic Income Fund | -1.83% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between XYLD and PDI is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2013 | 0.32 |
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Return for Risk
XYLD vs. PDI — Risk / Return Rank
XYLD
PDI
XYLD vs. PDI - 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 PIMCO Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.12 | ||
| Sortino ratioReturn per unit of downside risk | +4.33 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 0.94 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | -0.38 | +4.09 |
| Martin ratioReturn relative to average drawdown | 19.28 | -0.71 | +19.99 |
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Drawdowns
XYLD vs. PDI - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for XYLD and PDI.
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Drawdown Indicators
| XYLD | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -46.47% | +13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -10.95% | +5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -17.55% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.66% | -27.19% | +8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | -46.47% | +13.01% |
Current DrawdownCurrent decline from peak | 0.00% | -9.50% | +9.50% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -6.23% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 5.81% | -4.79% |
Volatility
XYLD vs. PDI - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 1.97%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.07%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLD | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 3.07% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.99% | 8.90% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.10% | 11.86% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.27% | 15.59% | -4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 19.06% | -4.90% |
Dividends
XYLD vs. PDI - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 10.47%, less than PDI's 16.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.62% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
XYLD Global X S&P 500 Covered Call ETF | 10.47% | 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 PDI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.07%) compared to XYLD (1.97%). In terms of maximum drawdown, XYLD dropped -33.46% vs PDI's -46.47%.
XYLD currently has the higher Sharpe Ratio (2.77 vs -0.35), 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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