XYLG vs. VOO

Last updated Jun 3, 2026

XYLG (Global X S&P 500 Covered Call & Growth ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - XYLG is a Derivative Income fund tracking the Cboe S&P 500 Half BuyWrite Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XYLG returned 10.83%/yr vs 14.26%/yr for VOO. Their correlation of 0.94 suggests significant overlap in exposure. XYLG charges 0.35%/yr vs 0.03%/yr for VOO.

Performance

XYLG vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 VOO's 11.69% return.

XYLG

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

VOO

• 1D: 0.14%
• 1M: 5.39%
• YTD: 11.69%
• 6M: 12.11%
• 1Y: 29.68%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.65%

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

XYLG vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XYLG Global X S&P 500 Covered Call & Growth ETF	8.26%	12.93%	22.31%	18.16%	-15.46%	23.81%	12.13%
VOO Vanguard S&P 500 ETF	11.69%	17.82%	24.98%	26.32%	-18.17%	28.79%	14.87%

Correlation

The correlation between XYLG and VOO 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 (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020	0.94

The correlation between XYLG and VOO has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

XYLG vs. VOO - Sectors Allocation Comparison

Sectors	XYLG	VOO
Technology	38.7%	35.7%
Financial Services	11.4%	11.6%
Communication Services	10.8%	11.3%
Consumer Cyclical	9.9%	10.2%
Healthcare	8.3%	8.5%
Industrials	7.7%	8.3%
Consumer Defensive	4.7%	4.9%
Energy	3.4%	3.5%
Utilities	2.7%	2.4%
Real Estate	1.9%	1.9%
Basic Materials	1.7%	1.8%

Return for Risk

XYLG vs. VOO — 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

VOO

VOO Risk / Return Rank: 75
VOO Sharpe Ratio Rank: 77
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 76
VOO Calmar Ratio Rank: 68
VOO Martin Ratio Rank: 80

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio Return per unit of total volatility	2.55	2.53	+0.02
Sortino ratio Return per unit of downside risk	3.59	3.43	+0.16
Omega ratio Gain probability vs. loss probability	1.48	1.46	+0.02
Calmar ratio Return relative to maximum drawdown	3.56	3.42	+0.14
Martin ratio Return relative to average drawdown	18.01	15.95	+2.06
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. VOO - Sharpe Ratio Comparison

The current XYLG Sharpe Ratio is 2.55, which is comparable to the VOO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XYLG and VOO, 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.53	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.85	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.89	+0.10

Drawdowns

XYLG vs. VOO - Drawdown Comparison

The maximum XYLG drawdown since its inception was -21.30%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XYLG and VOO.

Drawdown Indicators

	XYLG	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-21.30%	-33.99%	+12.69%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-8.90%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-18.69%	+1.27%
Max Drawdown (5Y) Largest decline over 5 years	-21.30%	-24.52%	+3.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-4.10%	-3.69%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	1.91%	-0.54%

Volatility

XYLG vs. VOO - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call & Growth ETF (XYLG) is 2.55%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.74%. This indicates that XYLG experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYLG	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	2.74%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	8.88%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	11.78%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	16.81%	-2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.87%	18.01%	-4.14%

XYLG vs. VOO - Expense Ratio Comparison

XYLG has a 0.35% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

XYLG vs. VOO - Dividend Comparison

XYLG's dividend yield for the trailing twelve months is around 13.01%, more than VOO's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOO Vanguard S&P 500 ETF	1.02%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
XYLG Global X S&P 500 Covered Call & Growth ETF	13.01%	13.94%	23.65%	4.90%	6.43%	7.40%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XYLG and VOO in my portfolio?

With a correlation of 0.92, XYLG and VOO 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 VOO?

VOO has higher volatility (2.74%) compared to XYLG (2.55%). In terms of maximum drawdown, XYLG dropped -21.30% vs VOO's -33.99%.

Which ETF is better, XYLG or VOO?

On 5-year performance, VOO leads with 14.26% vs 10.83% for XYLG. On fees, VOO is cheaper at 0.03% per year. On volatility, XYLG has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XYLG or VOO?

Over the 5-year period, VOO has performed better with a 14.26% return vs 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XYLG or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.35% for XYLG.

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

XYLG has the higher dividend yield at 13.01%, compared with 1.02% for VOO.

What is the main difference between XYLG and VOO?

XYLG is categorized as Derivative Income, while VOO is S&P 500. XYLG tracks Cboe S&P 500 Half BuyWrite Index, while VOO tracks S&P 500 Index. They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.35% for XYLG and 0.03% for VOO.

Which has better risk-adjusted returns?

XYLG currently has the higher Sharpe Ratio (2.55 vs 2.53), 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.