XYLP.L vs. WINC.L
XYLP.L (Global X S&P 500 Covered Call UCITS ETF) and WINC.L (iShares World Equity High Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - XYLP.L is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite 15% WHT Index, while WINC.L is a Dividend fund actively managed by iShares. XYLP.L is passively managed, while WINC.L is actively managed. Over the past year, XYLP.L returned 14.95% vs 21.69% for WINC.L. Their 0.60 correlation means they have sometimes moved together and sometimes differently. XYLP.L charges 0.45%/yr vs 0.35%/yr for WINC.L.
Performance
XYLP.L vs. WINC.L - Performance Comparison
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Returns By Period
In the year-to-date period, XYLP.L achieves a 8.08% return, which is significantly lower than WINC.L's 12.29% 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%
WINC.L
- 1D
- 0.69%
- 1M
- 1.55%
- 6M
- 11.86%
- YTD
- 12.29%
- 1Y
- 21.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £1.25M | £2.07M | £1.54M | |
| £165.83K | £168.59K | £165.34K |
XYLP.L vs. WINC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XYLP.L Global X S&P 500 Covered Call UCITS ETF | 8.08% | -1.18% | 11.55% |
WINC.L iShares World Equity High Income Active UCITS ETF USD (Dist) | 12.29% | 11.87% | 9.73% |
Correlation
The correlation between XYLP.L and WINC.L is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.60 |
The correlation between XYLP.L and WINC.L has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
XYLP.L vs. WINC.L — Risk / Return Rank
XYLP.L
WINC.L
XYLP.L vs. WINC.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 iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.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 | WINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 4.03 | -0.61 |
| Martin ratioReturn relative to average drawdown | 10.71 | 14.91 | -4.20 |
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Drawdowns
XYLP.L vs. WINC.L - Drawdown Comparison
The maximum XYLP.L drawdown since its inception was -23.57%, which is greater than WINC.L's maximum drawdown of -16.51%. Use the drawdown chart below to compare losses from any high point for XYLP.L and WINC.L.
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Drawdown Indicators
| XYLP.L | WINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.57% | -16.51% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -5.36% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | 0.00% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -12.94% | -2.03% | -10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.45% | -0.05% |
Volatility
XYLP.L vs. WINC.L - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF (XYLP.L) is 2.34%, while iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.L) has a volatility of 3.74%. This indicates that XYLP.L experiences smaller price fluctuations and is considered to be less risky than WINC.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 | WINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 3.74% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 7.47% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 10.28% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 11.60% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 11.60% | +5.44% |
XYLP.L vs. WINC.L - Expense Ratio Comparison
XYLP.L has a 0.45% expense ratio, which is higher than WINC.L's 0.35% expense ratio.
Dividends
XYLP.L vs. WINC.L - Dividend Comparison
XYLP.L's dividend yield for the trailing twelve months is around 8.31%, less than WINC.L's 9.72% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
WINC.L iShares World Equity High Income Active UCITS ETF USD (Dist) | 9.72% | 9.75% | 4.72% | 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 WINC.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WINC.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WINC.L is cheaper with a 0.35% expense ratio, compared with 0.45% for XYLP.L.
XYLP.L is categorized as Derivative Income, while WINC.L is Dividend. They also come from different issuers: Global X and iShares. Their fees differ too: 0.45% for XYLP.L and 0.35% for WINC.L.
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