XYLP.L vs. AMDI.L
XYLP.L (Global X S&P 500 Covered Call UCITS ETF) and AMDI.L (IncomeShares AMD Options ETP) are both Derivative Income funds. XYLP.L is passively managed, while AMDI.L is actively managed. Over the past year, XYLP.L returned 14.95% vs 83.20% for AMDI.L. Their 0.46 correlation means their historical movements had little consistent relationship. XYLP.L charges 0.45%/yr vs 0.55%/yr for AMDI.L.
Performance
XYLP.L vs. AMDI.L - Performance Comparison
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Different Trading Currencies
XYLP.L is traded in GBP, while AMDI.L is traded in USD. To make them comparable, the AMDI.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 AMDI.L's 82.28% 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%
AMDI.L
- 1D
- 0.00%
- 1M
- -10.85%
- 6M
- 66.77%
- YTD
- 82.28%
- 1Y
- 83.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17,466.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £1.29M | £1.31M | £2.35M | |
| £165.83K | £168.59K | £165.34K |
XYLP.L vs. AMDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XYLP.L Global X S&P 500 Covered Call UCITS ETF | 8.08% | 9.18% |
AMDI.L IncomeShares AMD Options ETP | 82.28% | 12,826.47% |
Correlation
The correlation between XYLP.L and AMDI.L is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.46 |
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Return for Risk
XYLP.L vs. AMDI.L — Risk / Return Rank
XYLP.L
AMDI.L
XYLP.L vs. AMDI.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 AMD Options ETP (AMDI.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 | AMDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.27 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 1.74 | +1.68 |
| Martin ratioReturn relative to average drawdown | 10.71 | 2.95 | +7.76 |
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Drawdowns
XYLP.L vs. AMDI.L - Drawdown Comparison
The maximum XYLP.L drawdown since its inception was -23.57%, smaller than the maximum AMDI.L drawdown of -47.78%. Use the drawdown chart below to compare losses from any high point for XYLP.L and AMDI.L.
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Drawdown Indicators
| XYLP.L | AMDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.57% | -47.78% | +24.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -47.78% | +43.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -17.97% | +17.82% |
Average DrawdownAverage peak-to-trough decline | -12.94% | -21.14% | +8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 28.20% | -26.80% |
Volatility
XYLP.L vs. AMDI.L - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF (XYLP.L) is 2.34%, while IncomeShares AMD Options ETP (AMDI.L) has a volatility of 29.10%. This indicates that XYLP.L experiences smaller price fluctuations and is considered to be less risky than AMDI.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 | AMDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 29.10% | -26.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 48.14% | -41.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 76.54% | -68.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 9,636.39% | -9,619.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 9,636.39% | -9,619.35% |
XYLP.L vs. AMDI.L - Expense Ratio Comparison
XYLP.L has a 0.45% expense ratio, which is lower than AMDI.L's 0.55% expense ratio.
Dividends
XYLP.L vs. AMDI.L - Dividend Comparison
XYLP.L's dividend yield for the trailing twelve months is around 8.31%, less than AMDI.L's 53.52% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AMDI.L IncomeShares AMD Options ETP | 53.52% | 8.85% | 0.00% | 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 AMDI.L have a correlation of 0.45, 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 AMDI.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 AMDI.L.
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