XYLG vs. ACII

Last updated Jun 3, 2026

XYLG (Global X S&P 500 Covered Call & Growth ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds. XYLG is passively managed, while ACII is actively managed. With a 1.00 correlation, they move nearly in lockstep. XYLG charges 0.35%/yr vs 0.79%/yr for ACII.

Performance

XYLG vs. ACII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call & Growth ETF (XYLG) and Innovator Index Autocallable Income Strategy ETF (ACII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XYLG

• 1D: -0.04%
• 1M: 3.53%
• YTD: 8.26%
• 6M: 9.33%
• 1Y: 24.07%
• 3Y*: 16.78%
• 5Y*: 10.83%
• 10Y*: —

ACII

• 1D: -0.21%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XYLG vs. ACII - Yearly Performance Comparison

	2026 (YTD)
XYLG Global X S&P 500 Covered Call & Growth ETF	0.58%
ACII Innovator Index Autocallable Income Strategy ETF	-0.14%

Correlation

The correlation between XYLG and ACII is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

XYLG vs. ACII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XYLG

XYLG Risk / Return Rank: 78
XYLG Sharpe Ratio Rank: 77
XYLG Sortino Ratio Rank: 79
XYLG Omega Ratio Rank: 80
XYLG Calmar Ratio Rank: 70
XYLG Martin Ratio Rank: 85

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.

XYLG vs. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call & Growth ETF (XYLG) and Innovator Index Autocallable Income Strategy ETF (ACII). 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.

	XYLG	ACII	Difference
Sharpe ratio Return per unit of total volatility	2.55	—	—
Sortino ratio Return per unit of downside risk	3.59	—	—
Omega ratio Gain probability vs. loss probability	1.48	—	—
Calmar ratio Return relative to maximum drawdown	3.56	—	—
Martin ratio Return relative to average drawdown	18.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XYLG	ACII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	-4.37	+5.35

Drawdowns

XYLG vs. ACII - Drawdown Comparison

The maximum XYLG drawdown since its inception was -21.30%, which is greater than ACII's maximum drawdown of -0.32%. Use the drawdown chart below to compare losses from any high point for XYLG and ACII.

Drawdown Indicators

	XYLG	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-21.30%	-0.32%	-20.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.30%	—	—
Current Drawdown Current decline from peak	-0.04%	-0.32%	+0.28%
Average Drawdown Average peak-to-trough decline	-4.10%	-0.14%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	—	—

Volatility

Volatility by Period

	XYLG	ACII	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	3.15%	+6.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	3.15%	+10.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.87%	3.15%	+10.72%

XYLG vs. ACII - Expense Ratio Comparison

XYLG has a 0.35% expense ratio, which is lower than ACII's 0.79% expense ratio.

Dividends

XYLG vs. ACII - Dividend Comparison

XYLG's dividend yield for the trailing twelve months is around 13.01%, more than ACII's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ACII Innovator Index Autocallable Income Strategy ETF	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XYLG Global X S&P 500 Covered Call & Growth ETF	13.01%	13.94%	23.65%	4.90%	6.43%	7.40%	1.39%

Frequently Asked Questions

Can I hold both XYLG and ACII in my portfolio?

With a correlation of 1.00, XYLG and ACII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XYLG or ACII?

On fees, XYLG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XYLG or ACII?

XYLG is cheaper with a 0.35% expense ratio, compared with 0.79% for ACII.

Which ETF pays a higher dividend yield, XYLG or ACII?

XYLG has the higher dividend yield at 13.01%, compared with 0.73% for ACII.

What is the main difference between XYLG and ACII?

They also come from different issuers: Global X and Innovator. Their fees differ too: 0.35% for XYLG and 0.79% for ACII.