XYLG vs. GPIX

Last updated Jun 3, 2026

XYLG (Global X S&P 500 Covered Call & Growth ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. XYLG is passively managed, while GPIX is actively managed. Over the past year, XYLG returned 24.07% vs 26.74% for GPIX. Their correlation of 0.91 suggests significant overlap in exposure. XYLG charges 0.35%/yr vs 0.29%/yr for GPIX.

Performance

XYLG vs. GPIX - 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 Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XYLG achieves a 8.26% return, which is significantly lower than GPIX's 10.44% return.

XYLG

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

GPIX

• 1D: 0.11%
• 1M: 4.49%
• YTD: 10.44%
• 6M: 11.20%
• 1Y: 26.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XYLG vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XYLG Global X S&P 500 Covered Call & Growth ETF	8.26%	12.93%	22.31%	10.69%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.44%	16.25%	21.77%	13.45%

Correlation

The correlation between XYLG and GPIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.91

The correlation between XYLG and GPIX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

XYLG vs. GPIX - Sectors Allocation Comparison

Sectors	XYLG	GPIX
Technology	38.7%	35.5%
Financial Services	11.4%	11.6%
Communication Services	10.8%	11.5%
Consumer Cyclical	9.9%	10.1%
Healthcare	8.3%	8.4%
Industrials	7.7%	8.4%
Consumer Defensive	4.7%	4.9%
Energy	3.4%	3.5%
Utilities	2.7%	2.4%
Real Estate	1.9%	2.0%
Basic Materials	1.7%	1.8%

Return for Risk

XYLG vs. GPIX — 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

GPIX

GPIX Risk / Return Rank: 80
GPIX Sharpe Ratio Rank: 80
GPIX Sortino Ratio Rank: 80
GPIX Omega Ratio Rank: 83
GPIX Calmar Ratio Rank: 70
GPIX 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. GPIX - 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 Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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	GPIX	Difference
Sharpe ratio Return per unit of total volatility	2.55	2.64	-0.10
Sortino ratio Return per unit of downside risk	3.59	3.63	-0.04
Omega ratio Gain probability vs. loss probability	1.48	1.51	-0.02
Calmar ratio Return relative to maximum drawdown	3.56	3.55	+0.01
Martin ratio Return relative to average drawdown	18.01	17.91	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XYLG vs. GPIX - Sharpe Ratio Comparison

The current XYLG Sharpe Ratio is 2.55, which is comparable to the GPIX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of XYLG and GPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XYLG	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.64	-0.10
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	1.80	-0.81

Drawdowns

XYLG vs. GPIX - Drawdown Comparison

The maximum XYLG drawdown since its inception was -21.30%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for XYLG and GPIX.

Drawdown Indicators

	XYLG	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.30%	-17.50%	-3.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-7.71%	+0.78%
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%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-4.10%	-1.48%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	1.53%	-0.16%

Volatility

XYLG vs. GPIX - Volatility Comparison

Global X S&P 500 Covered Call & Growth ETF (XYLG) has a higher volatility of 2.55% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.20%. This indicates that XYLG's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYLG	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	2.20%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	7.89%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	10.16%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	13.81%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.87%	13.81%	+0.06%

XYLG vs. GPIX - Expense Ratio Comparison

XYLG has a 0.35% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

XYLG vs. GPIX - Dividend Comparison

XYLG's dividend yield for the trailing twelve months is around 13.01%, more than GPIX's 7.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.96%	8.01%	7.45%	1.40%	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 GPIX in my portfolio?

With a correlation of 0.92, XYLG and GPIX 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 is riskier, XYLG or GPIX?

XYLG has higher volatility (2.55%) compared to GPIX (2.20%). In terms of maximum drawdown, XYLG dropped -21.30% vs GPIX's -17.50%.

Which ETF is better, XYLG or GPIX?

On 1-year performance, GPIX leads with 26.74% vs 24.07% for XYLG. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XYLG or GPIX?

Over the 1-year period, GPIX has performed better with a 26.74% return vs 24.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XYLG or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.35% for XYLG.

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

XYLG has the higher dividend yield at 13.01%, compared with 7.96% for GPIX.

What is the main difference between XYLG and GPIX?

They also come from different issuers: Global X and Goldman Sachs. Their fees differ too: 0.35% for XYLG and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.64 vs 2.55), 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.