XYLP.L vs. IPDP

Last updated Apr 1, 2026

Compare and contrast key facts about Global X S&P 500 Covered Call UCITS ETF (XYLP.L) and Dividend Performers ETF (IPDP).

XYLP.L and IPDP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XYLP.L is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite 15% WHT Index. It was launched on Jul 11, 2023. IPDP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018.

Performance

XYLP.L vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X S&P 500 Covered Call UCITS ETF (XYLP.L) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

XYLP.L vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
XYLP.L Global X S&P 500 Covered Call UCITS ETF	-0.09%
IPDP Dividend Performers ETF	2.96%

Different Trading Currencies

XYLP.L is traded in GBP, while IPDP is traded in USD. To make them comparable, the IPDP values have been converted to GBP using the latest available exchange rates.

Returns By Period

XYLP.L

• 1D: 0.71%
• 1M: -2.04%
• YTD: -1.08%
• 6M: 4.06%
• 1Y: 5.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 2.06%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XYLP.L vs. IPDP - Expense Ratio Comparison

XYLP.L has a 0.45% expense ratio, which is lower than IPDP's 1.52% expense ratio.

IPDP

Dividend Performers ETF

XYLP.L

Global X S&P 500 Covered Call UCITS ETF

Return for Risk

XYLP.L vs. IPDP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XYLP.L

XYLP.L Risk / Return Rank: 24
XYLP.L Sharpe Ratio Rank: 25
XYLP.L Sortino Ratio Rank: 23
XYLP.L Omega Ratio Rank: 26
XYLP.L Calmar Ratio Rank: 23
XYLP.L Martin Ratio Rank: 23

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.

XYLP.L vs. IPDP - 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 Dividend Performers ETF (IPDP). 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.

	XYLP.L	IPDP	Difference
Sharpe ratio Return per unit of total volatility	0.46	—	—
Sortino ratio Return per unit of downside risk	0.68	—	—
Omega ratio Gain probability vs. loss probability	1.11	—	—
Calmar ratio Return relative to maximum drawdown	0.51	—	—
Martin ratio Return relative to average drawdown	1.61	—	—
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

	XYLP.L	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	4.16	-3.50

Correlation

The correlation between XYLP.L and IPDP is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XYLP.L vs. IPDP - Dividend Comparison

XYLP.L's dividend yield for the trailing twelve months is around 8.04%, while IPDP has not paid dividends to shareholders.

	TTM	2025	2024	2023
XYLP.L Global X S&P 500 Covered Call UCITS ETF	8.04%	9.01%	6.22%	3.98%
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

XYLP.L vs. IPDP - Drawdown Comparison

The maximum XYLP.L drawdown since its inception was -19.30%, which is greater than IPDP's maximum drawdown of -1.22%. Use the drawdown chart below to compare losses from any high point for XYLP.L and IPDP.

Drawdown Indicators

	XYLP.L	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-19.30%	0.00%	-19.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	—	—
Current Drawdown Current decline from peak	-7.44%	0.00%	-7.44%
Average Drawdown Average peak-to-trough decline	-5.02%	0.00%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	—	—

Volatility

Volatility by Period

	XYLP.L	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	6.52%	+5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.60%	6.52%	+4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.60%	6.52%	+4.08%