XYLD vs. SPY
Compare and contrast key facts about Global X S&P 500 Covered Call ETF (XYLD) and SPDR S&P 500 ETF (SPY).
XYLD and SPY 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 2% OTM BuyWrite Index. It was launched on Jun 24, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XYLD and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XYLD or SPY.
Performance
XYLD vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, XYLD achieves a 16.38% return, which is significantly lower than SPY's 26.47% return. Over the past 10 years, XYLD has underperformed SPY with an annualized return of 6.81%, while SPY has yielded a comparatively higher 13.14% annualized return.
XYLD
16.38%
2.53%
10.00%
19.23%
6.72%
6.81%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| XYLD | SPY | |
|---|---|---|
| Sharpe Ratio | 2.79 | 2.69 |
| Sortino Ratio | 3.77 | 3.59 |
| Omega Ratio | 1.73 | 1.50 |
| Calmar Ratio | 3.31 | 3.88 |
| Martin Ratio | 24.38 | 17.47 |
| Ulcer Index | 0.79% | 1.87% |
| Daily Std Dev | 6.90% | 12.14% |
| Max Drawdown | -33.46% | -55.19% |
| Current Drawdown | 0.00% | -0.54% |
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XYLD vs. SPY - Expense Ratio Comparison
XYLD has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between XYLD and SPY is 0.81, 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.
Risk-Adjusted Performance
XYLD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (XYLD) and SPDR S&P 500 ETF (SPY). 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.
Dividends
XYLD vs. SPY - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 9.39%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 9.39% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XYLD vs. SPY - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XYLD and SPY. For additional features, visit the drawdowns tool.
Volatility
XYLD vs. SPY - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 2.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.