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XYLD vs. SPIN
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XYLD vs. SPIN

Last updated Apr 1, 2026

Compare and contrast key facts about Global X S&P 500 Covered Call ETF (XYLD) and State Street US Equity Premium Income ETF (SPIN).

XYLD and SPIN 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. SPIN is an actively managed fund by State Street. It was launched on Sep 5, 2024.

Performance

XYLD vs. SPIN - 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 State Street US Equity Premium Income ETF (SPIN). The values are adjusted to include any dividend payments, if applicable.

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XYLD vs. SPIN - Yearly Performance Comparison

2026 (YTD)20252024
XYLD
Global X S&P 500 Covered Call ETF		-1.04%8.02%8.13%
SPIN
State Street US Equity Premium Income ETF		-5.22%14.14%6.09%

Returns By Period

In the year-to-date period, XYLD achieves a -1.04% return, which is significantly higher than SPIN's -5.22% 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%

SPIN

1D
2.72%
1M
-4.55%
YTD
-5.22%
6M
-1.34%
1Y
13.46%
3Y*
—
5Y*
—
10Y*
—
*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

State Street US Equity Premium Income ETF

Often compared with XYLD:
XYLD vs. JEPIXYLD vs. QYLDXYLD vs. SPYXYLD vs. RYLDXYLD vs. XYLGXYLD vs. VOOXYLD vs. HYLD.TO
Often compared with SPIN:
SPIN vs. SQYSPIN vs. QQQISPIN vs. IQQQSPIN vs. ICOISPIN vs. AIYYSPIN vs. FYEESPIN vs. JEPQ

XYLD vs. SPIN - Expense Ratio Comparison

XYLD has a 0.60% expense ratio, which is higher than SPIN's 0.25% expense ratio.

XYLD
Global X S&P 500 Covered Call ETF
SPIN
State Street US Equity Premium Income ETF

Return for Risk

XYLD vs. SPIN — 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
SPIN
SPIN Risk / Return Rank: 4949
Overall Rank
SPIN Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
SPIN Sortino Ratio Rank: 4646
Sortino Ratio Rank
SPIN Omega Ratio Rank: 5353
Omega Ratio Rank
SPIN Calmar Ratio Rank: 4949
Calmar Ratio Rank
SPIN Martin Ratio Rank: 5454
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. SPIN - 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 State Street US Equity Premium Income ETF (SPIN). 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.

XYLDSPINDifference

Sharpe ratio

Return per unit of total volatility

0.76

0.83

-0.07

Sortino ratio

Return per unit of downside risk

1.22

1.29

-0.07

Omega ratio

Gain probability vs. loss probability

1.25

1.21

+0.05

Calmar ratio

Return relative to maximum drawdown

1.10

1.28

-0.19

Martin ratio

Return relative to average drawdown

6.46

5.44

+1.02

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. SPIN - Sharpe Ratio Comparison

The current XYLD Sharpe Ratio is 0.76, which is comparable to the SPIN Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of XYLD and SPIN, 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

XYLDSPINDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.76

0.83

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.62

-0.05

Correlation

The correlation between XYLD and SPIN is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XYLD vs. SPIN - Dividend Comparison

XYLD's dividend yield for the trailing twelve months is around 10.98%, more than SPIN's 8.42% 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%
SPIN
State Street US Equity Premium Income ETF		8.42%8.20%2.36%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

XYLD vs. SPIN - Drawdown Comparison

The maximum XYLD drawdown since its inception was -33.46%, which is greater than SPIN's maximum drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for XYLD and SPIN.

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Drawdown Indicators

XYLDSPINDifference

Max Drawdown

Largest peak-to-trough decline

-33.46%

-16.85%

-16.61%

Max Drawdown (1Y)

Largest decline over 1 year

-10.14%

-10.88%

+0.74%

Max Drawdown (5Y)

Largest decline over 5 years

-18.66%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.46%

—

—

Current Drawdown

Current decline from peak

-3.39%

-7.35%

+3.96%

Average Drawdown

Average peak-to-trough decline

-3.76%

-2.33%

-1.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.72%

2.57%

-0.85%

Volatility

XYLD vs. SPIN - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 4.01%, while State Street US Equity Premium Income ETF (SPIN) has a volatility of 4.97%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than SPIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XYLDSPINDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

4.97%

-0.96%

Volatility (6M)

Calculated over the trailing 6-month period

5.82%

9.05%

-3.23%

Volatility (1Y)

Calculated over the trailing 1-year period

13.99%

16.34%

-2.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.31%

14.90%

-3.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.23%

14.90%

-0.67%