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XYLD vs. SIL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XYLD vs. SIL

Last updated Apr 1, 2026

Compare and contrast key facts about Global X S&P 500 Covered Call ETF (XYLD) and Global X Silver Miners ETF (SIL).

XYLD and SIL 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 BuyWrite Index. It was launched on Jun 24, 2013. SIL is a passively managed fund by Global X that tracks the performance of the Solactive Global Silver Miners Total Return Index. It was launched on Apr 19, 2010. Both XYLD and SIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XYLD vs. SIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call ETF (XYLD) and Global X Silver Miners ETF (SIL). The values are adjusted to include any dividend payments, if applicable.

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XYLD vs. SIL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XYLD
Global X S&P 500 Covered Call ETF		-1.04%8.02%19.49%11.10%-12.05%19.59%-0.56%21.41%-6.09%16.49%
SIL
Global X Silver Miners ETF		7.85%166.16%14.62%1.31%-22.83%-18.35%40.30%34.78%-22.42%1.67%

Returns By Period

In the year-to-date period, XYLD achieves a -1.04% return, which is significantly lower than SIL's 7.85% return. Over the past 10 years, XYLD has underperformed SIL with an annualized return of 7.87%, while SIL has yielded a comparatively higher 14.65% annualized return.

XYLD

1D
2.01%
1M
-2.96%
YTD
-1.04%
6M
5.33%
1Y
10.53%
3Y*
10.21%
5Y*
6.95%
10Y*
7.87%

SIL

1D
7.82%
1M
-23.68%
YTD
7.85%
6M
27.11%
1Y
131.18%
3Y*
45.13%
5Y*
18.33%
10Y*
14.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X S&P 500 Covered Call ETF

Global X Silver Miners ETF

Often compared with XYLD:
XYLD vs. JEPIXYLD vs. QYLDXYLD vs. SPYXYLD vs. RYLDXYLD vs. XYLGXYLD vs. VOOXYLD vs. HYLD.TO
Often compared with SIL:
SIL vs. SLVSIL vs. SILJSIL vs. SLVPSIL vs. PSLVSIL vs. SILG.LSIL vs. SLVR.LSIL vs. SILV

XYLD vs. SIL - Expense Ratio Comparison

XYLD has a 0.60% expense ratio, which is lower than SIL's 0.65% expense ratio.

SIL
Global X Silver Miners ETF
XYLD
Global X S&P 500 Covered Call ETF

Return for Risk

XYLD vs. SIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XYLD
XYLD Risk / Return Rank: 5656
Overall Rank
XYLD Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
XYLD Sortino Ratio Rank: 4848
Sortino Ratio Rank
XYLD Omega Ratio Rank: 7171
Omega Ratio Rank
XYLD Calmar Ratio Rank: 4747
Calmar Ratio Rank
XYLD Martin Ratio Rank: 6969
Martin Ratio Rank
SIL
SIL Risk / Return Rank: 9494
Overall Rank
SIL Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SIL Sortino Ratio Rank: 9393
Sortino Ratio Rank
SIL Omega Ratio Rank: 9292
Omega Ratio Rank
SIL Calmar Ratio Rank: 9595
Calmar Ratio Rank
SIL Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XYLD vs. SIL - 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 Global X Silver Miners ETF (SIL). 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.

XYLDSILDifference

Sharpe ratio

Return per unit of total volatility

0.76

2.65

-1.90

Sortino ratio

Return per unit of downside risk

1.22

2.73

-1.51

Omega ratio

Gain probability vs. loss probability

1.25

1.40

-0.15

Calmar ratio

Return relative to maximum drawdown

1.10

3.98

-2.88

Martin ratio

Return relative to average drawdown

6.46

13.73

-7.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XYLD vs. SIL - Sharpe Ratio Comparison

The current XYLD Sharpe Ratio is 0.76, which is lower than the SIL Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of XYLD and SIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XYLDSILDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.76

2.65

-1.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.48

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.37

+0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.14

+0.43

Correlation

The correlation between XYLD and SIL is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XYLD vs. SIL - Dividend Comparison

XYLD's dividend yield for the trailing twelve months is around 10.98%, more than SIL's 1.10% yield.

TTM20252024202320222021202020192018201720162015
XYLD
Global X S&P 500 Covered Call ETF		10.98%10.51%11.54%10.51%13.43%9.07%7.93%5.76%7.12%5.18%3.23%4.65%
SIL
Global X Silver Miners ETF		1.10%1.18%2.40%0.59%0.48%1.59%1.92%1.53%1.21%0.02%3.34%0.38%

Drawdowns

XYLD vs. SIL - Drawdown Comparison

The maximum XYLD drawdown since its inception was -33.46%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for XYLD and SIL.

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Drawdown Indicators

XYLDSILDifference

Max Drawdown

Largest peak-to-trough decline

-33.46%

-82.99%

+49.53%

Max Drawdown (1Y)

Largest decline over 1 year

-10.14%

-32.91%

+22.77%

Max Drawdown (5Y)

Largest decline over 5 years

-18.66%

-55.63%

+36.97%

Max Drawdown (10Y)

Largest decline over 10 years

-33.46%

-63.04%

+29.58%

Current Drawdown

Current decline from peak

-3.39%

-23.68%

+20.29%

Average Drawdown

Average peak-to-trough decline

-3.76%

-51.79%

+48.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.72%

9.53%

-7.81%

Volatility

XYLD vs. SIL - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 4.01%, while Global X Silver Miners ETF (SIL) has a volatility of 19.45%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XYLDSILDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

19.45%

-15.44%

Volatility (6M)

Calculated over the trailing 6-month period

5.82%

42.52%

-36.70%

Volatility (1Y)

Calculated over the trailing 1-year period

13.99%

49.72%

-35.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.31%

38.63%

-27.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.23%

39.74%

-25.51%