XYLG vs. SPY
Compare and contrast key facts about Global X S&P 500 Covered Call & Growth ETF (XYLG) and State Street SPDR S&P 500 ETF (SPY).
XYLG and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XYLG is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Half BuyWrite Index. It was launched on Sep 18, 2020. 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 XYLG 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.
Performance
XYLG vs. SPY - Performance Comparison
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XYLG vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XYLG Global X S&P 500 Covered Call & Growth ETF | -2.99% | 12.93% | 22.31% | 18.16% | -15.46% | 23.81% | 12.13% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 14.83% |
Returns By Period
In the year-to-date period, XYLG achieves a -2.99% return, which is significantly higher than SPY's -4.37% return.
XYLG
- 1D
- 2.42%
- 1M
- -3.89%
- YTD
- -2.99%
- 6M
- 1.58%
- 1Y
- 14.00%
- 3Y*
- 14.13%
- 5Y*
- 9.23%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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XYLG vs. SPY - Expense Ratio Comparison
XYLG has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
XYLG vs. SPY — Risk / Return Rank
XYLG
SPY
XYLG vs. SPY - 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 State Street 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.
| XYLG | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.93 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.45 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.53 | -0.25 |
Martin ratioReturn relative to average drawdown | 7.04 | 7.30 | -0.26 |
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
| XYLG | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.93 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.69 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.56 | +0.29 |
Correlation
The correlation between XYLG and SPY is 0.94, 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.
Dividends
XYLG vs. SPY - Dividend Comparison
XYLG's dividend yield for the trailing twelve months is around 14.78%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XYLG Global X S&P 500 Covered Call & Growth ETF | 14.78% | 13.94% | 23.65% | 4.90% | 6.43% | 7.40% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
XYLG vs. SPY - Drawdown Comparison
The maximum XYLG drawdown since its inception was -21.30%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XYLG and SPY.
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Drawdown Indicators
| XYLG | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.30% | -55.19% | +33.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -12.05% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -24.50% | +3.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -4.68% | -6.24% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -9.09% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.52% | -0.45% |
Volatility
XYLG vs. SPY - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call & Growth ETF (XYLG) is 4.78%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that XYLG 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.
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Volatility by Period
| XYLG | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 5.31% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 9.47% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 19.05% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 17.06% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.98% | 17.92% | -3.94% |