XYLD vs. TSMY
XYLD (Global X S&P 500 Covered Call ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. XYLD is passively managed, while TSMY is actively managed. Over the past year, XYLD returned 17.66% vs 92.13% for TSMY. A 0.56 correlation means they provide meaningful diversification when combined. XYLD charges 0.60%/yr vs 0.99%/yr for TSMY.
Performance
XYLD vs. TSMY - Performance Comparison
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Returns By Period
In the year-to-date period, XYLD achieves a 4.96% return, which is significantly lower than TSMY's 37.04% return.
XYLD
- 1D
- -0.15%
- 1M
- 2.00%
- YTD
- 4.96%
- 6M
- 6.48%
- 1Y
- 17.66%
- 3Y*
- 11.27%
- 5Y*
- 7.72%
- 10Y*
- 8.25%
TSMY
- 1D
- -1.37%
- 1M
- 7.48%
- YTD
- 37.04%
- 6M
- 39.21%
- 1Y
- 92.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLD vs. TSMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 4.96% | 8.02% | 7.87% |
TSMY YieldMax TSM Option Income Strategy ETF | 37.04% | 41.00% | 8.15% |
Correlation
The correlation between XYLD and TSMY is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.56 |
The correlation between XYLD and TSMY has been stable across timeframes, ranging from 0.56 to 0.56 - a consistent structural relationship.
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Return for Risk
XYLD vs. TSMY — Risk / Return Rank
XYLD
TSMY
XYLD vs. TSMY - 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 YieldMax TSM Option Income Strategy ETF (TSMY). 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.
| XYLD | TSMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.50 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 5.98 | -2.62 |
| Martin ratioReturn relative to average drawdown | 17.84 | 22.18 | -4.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XYLD | TSMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 3.21 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.56 | -0.95 |
Drawdowns
XYLD vs. TSMY - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, which is greater than TSMY's maximum drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for XYLD and TSMY.
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Drawdown Indicators
| XYLD | TSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -31.15% | -2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -15.50% | +10.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -1.37% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -5.51% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 4.17% | -3.18% |
Volatility
XYLD vs. TSMY - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 0.88%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 9.52%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLD | TSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 9.52% | -8.64% |
Volatility (6M)Calculated over the trailing 6-month period | 5.37% | 22.68% | -17.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 28.87% | -22.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.22% | 33.22% | -22.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 33.22% | -19.01% |
XYLD vs. TSMY - Expense Ratio Comparison
XYLD has a 0.60% expense ratio, which is lower than TSMY's 0.99% expense ratio.
Dividends
XYLD vs. TSMY - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 10.52%, less than TSMY's 52.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSMY YieldMax TSM Option Income Strategy ETF | 52.19% | 56.76% | 13.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.52% | 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 TSMY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSMY has higher volatility (9.52%) compared to XYLD (0.88%). In terms of maximum drawdown, XYLD dropped -33.46% vs TSMY's -31.15%.
On 1-year performance, TSMY leads with 92.13% vs 17.66% for XYLD. On fees, XYLD is cheaper at 0.60% per year. On volatility, XYLD has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSMY has performed better with a 92.13% return vs 17.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for TSMY.
TSMY has the higher dividend yield at 52.19%, compared with 10.52% for XYLD.
They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.60% for XYLD and 0.99% for TSMY.
TSMY currently has the higher Sharpe Ratio (3.21 vs 2.71), 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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