XYLD vs. XRMI
Compare and contrast key facts about Global X S&P 500 Covered Call ETF (XYLD) and Global X S&P 500 Risk Managed Income ETF (XRMI).
XYLD and XRMI 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. XRMI is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Risk Managed Income Index. It was launched on Aug 25, 2021. Both XYLD and XRMI 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 XRMI.
Key characteristics
| XYLD | XRMI | |
|---|---|---|
| YTD Return | 4.30% | 3.22% |
| 1Y Return | 9.87% | 4.89% |
| Sharpe Ratio | 1.53 | 0.83 |
| Daily Std Dev | 6.32% | 5.63% |
| Max Drawdown | -33.46% | -15.29% |
| Current Drawdown | -1.58% | -7.69% |
Correlation
The correlation between XYLD and XRMI is 0.84, 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.
Performance
XYLD vs. XRMI - Performance Comparison
In the year-to-date period, XYLD achieves a 4.30% return, which is significantly higher than XRMI's 3.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XYLD vs. XRMI - Expense Ratio Comparison
Both XYLD and XRMI have an expense ratio of 0.60%.
Risk-Adjusted Performance
XYLD vs. XRMI - 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 Global X S&P 500 Risk Managed Income ETF (XRMI). 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. XRMI - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 9.61%, less than XRMI's 12.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 9.61% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.23% | 4.65% | 4.14% | 2.49% |
XRMI Global X S&P 500 Risk Managed Income ETF | 12.40% | 12.62% | 12.85% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XYLD vs. XRMI - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, which is greater than XRMI's maximum drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for XYLD and XRMI. For additional features, visit the drawdowns tool.
Volatility
XYLD vs. XRMI - Volatility Comparison
Global X S&P 500 Covered Call ETF (XYLD) and Global X S&P 500 Risk Managed Income ETF (XRMI) have volatilities of 1.82% and 1.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.