XYLD vs. SPTL
XYLD (Global X S&P 500 Covered Call ETF) and SPTL (SPDR Portfolio Long Term Treasury ETF) are both exchange-traded funds - XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index, while SPTL is a Government Bonds fund tracking the Bloomberg Long U.S. Treasury Index. Both are passively managed. Over the past 10 years, XYLD returned 8.35%/yr vs -1.24%/yr for SPTL. At a correlation of -0.14, they often move in opposite directions. XYLD charges 0.60%/yr vs 0.03%/yr for SPTL.
Performance
XYLD vs. SPTL - Performance Comparison
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Returns By Period
Over the past 10 years, XYLD has outperformed SPTL with an annualized return of 8.35%, while SPTL has yielded a comparatively lower -1.24% annualized return.
XYLD
- 1D
- 0.57%
- 1M
- 1.40%
- YTD
- 4.83%
- 6M
- 6.01%
- 1Y
- 17.00%
- 3Y*
- 11.00%
- 5Y*
- 7.61%
- 10Y*
- 8.35%
SPTL
- 1D
- -0.31%
- 1M
- 2.61%
- YTD
- 0.00%
- 6M
- 0.43%
- 1Y
- 4.20%
- 3Y*
- -0.28%
- 5Y*
- -5.55%
- 10Y*
- -1.24%
XYLD vs. SPTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 4.83% | 8.02% | 19.49% | 11.10% | -12.05% | 19.59% | -0.56% | 21.41% | -6.09% | 16.49% |
SPTL SPDR Portfolio Long Term Treasury ETF | 0.00% | 5.28% | -6.23% | 3.30% | -29.44% | -4.99% | 18.07% | 13.74% | -1.57% | 9.01% |
Correlation
The correlation between XYLD and SPTL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2013 | -0.14 |
The correlation between XYLD and SPTL shifts across timeframes, from -0.14 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XYLD vs. SPTL — Risk / Return Rank
XYLD
SPTL
XYLD vs. SPTL - 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 SPDR Portfolio Long Term Treasury ETF (SPTL). 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 | SPTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.07 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 0.46 | +2.70 |
| Martin ratioReturn relative to average drawdown | 16.57 | 1.17 | +15.40 |
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Drawdowns
XYLD vs. SPTL - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, smaller than the maximum SPTL drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for XYLD and SPTL.
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Drawdown Indicators
| XYLD | SPTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -46.20% | +12.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -7.04% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -17.55% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.66% | -41.02% | +22.36% |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | -46.20% | +12.74% |
Current DrawdownCurrent decline from peak | -0.29% | -36.63% | +36.34% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -14.27% | +10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.79% | -1.78% |
Volatility
XYLD vs. SPTL - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 2.17%, while SPDR Portfolio Long Term Treasury ETF (SPTL) has a volatility of 2.73%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than SPTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLD | SPTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 2.73% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 6.12% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.79% | 8.83% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.25% | 14.61% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.22% | 13.95% | +0.27% |
XYLD vs. SPTL - Expense Ratio Comparison
XYLD has a 0.60% expense ratio, which is higher than SPTL's 0.03% expense ratio.
Dividends
XYLD vs. SPTL - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 10.53%, more than SPTL's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTL SPDR Portfolio Long Term Treasury ETF | 4.20% | 4.12% | 4.03% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% |
XYLD Global X S&P 500 Covered Call ETF | 10.53% | 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 SPTL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPTL has higher volatility (2.73%) compared to XYLD (2.17%). In terms of maximum drawdown, XYLD dropped -33.46% vs SPTL's -46.20%.
On 10-year performance, XYLD leads with 8.35% vs -1.24% for SPTL. On fees, SPTL is cheaper at 0.03% per year. On volatility, XYLD has been the lower-risk option at 2.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XYLD has performed better with a 8.35% return vs -1.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTL is cheaper with a 0.03% expense ratio, compared with 0.60% for XYLD.
XYLD has the higher dividend yield at 10.53%, compared with 4.20% for SPTL.
XYLD is categorized as Derivative Income, while SPTL is Government Bonds. XYLD tracks Cboe S&P 500 BuyWrite Index, while SPTL tracks Bloomberg Long U.S. Treasury Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.60% for XYLD and 0.03% for SPTL.
XYLD currently has the higher Sharpe Ratio (2.46 vs 0.37), 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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