XYLG vs. ULTI

Last updated Jun 3, 2026

XYLG (Global X S&P 500 Covered Call & Growth ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds. XYLG is passively managed, while ULTI is actively managed. A 0.52 correlation means they provide meaningful diversification when combined. XYLG charges 0.35%/yr vs 1.25%/yr for ULTI.

Performance

XYLG vs. ULTI - 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 REX IncomeMax Option Strategy ETF (ULTI). 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 ULTI's 47.97% return.

XYLG

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

ULTI

• 1D: 4.24%
• 1M: 19.14%
• YTD: 47.97%
• 6M: 30.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XYLG vs. ULTI - Yearly Performance Comparison

	2026 (YTD)	2025
XYLG Global X S&P 500 Covered Call & Growth ETF	8.26%	2.02%
ULTI REX IncomeMax Option Strategy ETF	47.97%	-38.31%

Correlation

The correlation between XYLG and ULTI is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 3, 2025	0.52

Return for Risk

XYLG vs. ULTI — 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. ULTI - 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 REX IncomeMax Option Strategy ETF (ULTI). 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	ULTI	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	ULTI	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	-0.24	+1.22

Drawdowns

XYLG vs. ULTI - Drawdown Comparison

The maximum XYLG drawdown since its inception was -21.30%, smaller than the maximum ULTI drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for XYLG and ULTI.

Drawdown Indicators

	XYLG	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-21.30%	-41.74%	+20.44%
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%	-8.71%	+8.67%
Average Drawdown Average peak-to-trough decline	-4.10%	-28.24%	+24.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	—	—

Volatility

Volatility by Period

	XYLG	ULTI	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%	62.51%	-53.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	62.51%	-48.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.87%	62.51%	-48.64%

XYLG vs. ULTI - Expense Ratio Comparison

XYLG has a 0.35% expense ratio, which is lower than ULTI's 1.25% expense ratio.

Dividends

XYLG vs. ULTI - Dividend Comparison

XYLG's dividend yield for the trailing twelve months is around 13.01%, less than ULTI's 41.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ULTI REX IncomeMax Option Strategy ETF	41.23%	14.96%	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 ULTI in my portfolio?

XYLG and ULTI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XYLG or ULTI?

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 ULTI?

XYLG is cheaper with a 0.35% expense ratio, compared with 1.25% for ULTI.

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

ULTI has the higher dividend yield at 41.23%, compared with 13.01% for XYLG.

What is the main difference between XYLG and ULTI?

They also come from different issuers: Global X and REX Shares. Their fees differ too: 0.35% for XYLG and 1.25% for ULTI.