XYLP.L vs. AAPI.L
XYLP.L (Global X S&P 500 Covered Call UCITS ETF) and AAPI.L (IncomeShares Apple (AAPL) Options ETP GBP) are both Derivative Income funds. XYLP.L is passively managed, while AAPI.L is actively managed. Over the past year, XYLP.L returned 14.95% vs 17.22% for AAPI.L. Their 0.38 correlation means their historical movements had little consistent relationship. XYLP.L charges 0.45%/yr vs 0.55%/yr for AAPI.L.
Performance
XYLP.L vs. AAPI.L - Performance Comparison
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Different Trading Currencies
XYLP.L is traded in GBP, while AAPI.L is traded in GBp. To make them comparable, the AAPI.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XYLP.L achieves a 8.08% return, which is significantly lower than AAPI.L's 9.03% return.
XYLP.L
- 1D
- 0.00%
- 1M
- 1.32%
- 6M
- 9.29%
- YTD
- 8.08%
- 1Y
- 14.95%
- 3Y*
- 8.56%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.25%
AAPI.L
- 1D
- 0.00%
- 1M
- 13.60%
- 6M
- 17.08%
- YTD
- 9.03%
- 1Y
- 17.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £19.68 | £17.08 | £26.41 | |
| £165.83K | £168.59K | £165.34K |
XYLP.L vs. AAPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XYLP.L Global X S&P 500 Covered Call UCITS ETF | 8.08% | -1.18% | 9.38% |
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 9.03% | -12.96% | 17.38% |
Correlation
The correlation between XYLP.L and AAPI.L is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.38 |
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Return for Risk
XYLP.L vs. AAPI.L — Risk / Return Rank
XYLP.L
AAPI.L
XYLP.L vs. AAPI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call UCITS ETF (XYLP.L) and IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L). 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.
| XYLP.L | AAPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 0.48 | +2.95 |
| Martin ratioReturn relative to average drawdown | 10.71 | 0.72 | +9.99 |
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Drawdowns
XYLP.L vs. AAPI.L - Drawdown Comparison
The maximum XYLP.L drawdown since its inception was -23.57%, smaller than the maximum AAPI.L drawdown of -36.10%. Use the drawdown chart below to compare losses from any high point for XYLP.L and AAPI.L.
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Drawdown Indicators
| XYLP.L | AAPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.57% | -36.10% | +12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -36.10% | +31.71% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -18.79% | +18.64% |
Average DrawdownAverage peak-to-trough decline | -12.94% | -19.55% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 24.04% | -22.64% |
Volatility
XYLP.L vs. AAPI.L - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF (XYLP.L) is 2.34%, while IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) has a volatility of 5.86%. This indicates that XYLP.L experiences smaller price fluctuations and is considered to be less risky than AAPI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLP.L | AAPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 5.86% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 17.61% | -11.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 47.54% | -39.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 40.05% | -23.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 40.05% | -23.01% |
XYLP.L vs. AAPI.L - Expense Ratio Comparison
XYLP.L has a 0.45% expense ratio, which is lower than AAPI.L's 0.55% expense ratio.
Dividends
XYLP.L vs. AAPI.L - Dividend Comparison
XYLP.L's dividend yield for the trailing twelve months is around 8.31%, less than AAPI.L's 12.07% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 12.07% | 11.04% | 1.04% | 0.00% |
XYLP.L Global X S&P 500 Covered Call UCITS ETF | 8.31% | 9.01% | 6.22% | 3.98% |
Frequently Asked Questions
XYLP.L and AAPI.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYLP.L is cheaper with a 0.45% expense ratio, compared with 0.55% for AAPI.L.
They also come from different issuers: Global X and Leverage Shares. Their fees differ too: 0.45% for XYLP.L and 0.55% for AAPI.L.
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