XYLG vs. WTPI
XYLG (Global X S&P 500 Covered Call & Growth ETF) and WTPI (WisdomTree Equity Premium Income Fund) are both Derivative Income funds - XYLG tracks the Cboe S&P 500 Half BuyWrite Index while WTPI tracks the Volos U.S. Large Cap Target 2.5% PutWrite Index. Both are passively managed. Over the past 5 years, XYLG returned 10.41%/yr vs 9.62%/yr for WTPI. Their correlation of 0.80 suggests significant overlap in exposure. XYLG charges 0.35%/yr vs 0.44%/yr for WTPI.
Performance
XYLG vs. WTPI - Performance Comparison
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Returns By Period
In the year-to-date period, XYLG achieves a 7.51% return, which is significantly higher than WTPI's 4.36% return.
XYLG
- 1D
- -0.20%
- 1M
- 0.64%
- YTD
- 7.51%
- 6M
- 7.25%
- 1Y
- 22.43%
- 3Y*
- 16.40%
- 5Y*
- 10.41%
- 10Y*
- —
WTPI
- 1D
- -0.18%
- 1M
- 0.45%
- YTD
- 4.36%
- 6M
- 3.64%
- 1Y
- 18.38%
- 3Y*
- 13.18%
- 5Y*
- 9.62%
- 10Y*
- 8.33%
XYLG vs. WTPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XYLG Global X S&P 500 Covered Call & Growth ETF | 7.51% | 12.93% | 22.31% | 18.16% | -15.46% | 23.81% | 12.13% |
WTPI WisdomTree Equity Premium Income Fund | 4.36% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 9.36% |
Correlation
The correlation between XYLG and WTPI is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2020 | 0.80 |
The correlation between XYLG and WTPI has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
XYLG vs. WTPI — Risk / Return Rank
XYLG
WTPI
XYLG vs. WTPI - 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 WisdomTree Equity Premium Income Fund (WTPI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XYLG | WTPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.58 | +0.67 |
| Martin ratioReturn relative to average drawdown | 16.00 | 12.19 | +3.81 |
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Drawdowns
XYLG vs. WTPI - Drawdown Comparison
The maximum XYLG drawdown since its inception was -21.30%, smaller than the maximum WTPI drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for XYLG and WTPI.
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Drawdown Indicators
| XYLG | WTPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.30% | -28.40% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -7.15% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -15.26% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -16.56% | -4.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.39% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -3.43% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.51% | -0.11% |
Volatility
XYLG vs. WTPI - Volatility Comparison
Global X S&P 500 Covered Call & Growth ETF (XYLG) and WisdomTree Equity Premium Income Fund (WTPI) have volatilities of 3.31% and 3.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLG | WTPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 3.19% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 7.55% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.90% | 9.27% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 12.21% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 13.26% | +0.60% |
XYLG vs. WTPI - Expense Ratio Comparison
XYLG has a 0.35% expense ratio, which is lower than WTPI's 0.44% expense ratio.
Dividends
XYLG vs. WTPI - Dividend Comparison
XYLG's dividend yield for the trailing twelve months is around 13.57%, more than WTPI's 12.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 12.05% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
XYLG Global X S&P 500 Covered Call & Growth ETF | 13.57% | 13.94% | 23.65% | 4.90% | 6.43% | 7.40% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYLG and WTPI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYLG has higher volatility (3.31%) compared to WTPI (3.19%). In terms of maximum drawdown, XYLG dropped -21.30% vs WTPI's -28.40%.
On 5-year performance, XYLG leads with 10.41% vs 9.62% for WTPI. On fees, XYLG is cheaper at 0.35% per year. On volatility, WTPI has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XYLG has performed better with a 10.41% return vs 9.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYLG is cheaper with a 0.35% expense ratio, compared with 0.44% for WTPI.
XYLG has the higher dividend yield at 13.57%, compared with 12.05% for WTPI.
XYLG tracks Cboe S&P 500 Half BuyWrite Index, while WTPI tracks Volos U.S. Large Cap Target 2.5% PutWrite Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.35% for XYLG and 0.44% for WTPI.
XYLG currently has the higher Sharpe Ratio (2.28 vs 2.00), 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.
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