XYLU.L vs. BUYW
XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and BUYW (Main Buywrite ETF) are both Derivative Income funds. XYLU.L is passively managed, while BUYW is actively managed. Over the past year, XYLU.L returned 18.07% vs 10.30% for BUYW. At a 0.28 correlation, their price movements are largely independent. XYLU.L charges 0.45%/yr vs 1.29%/yr for BUYW.
Performance
XYLU.L vs. BUYW - Performance Comparison
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Returns By Period
In the year-to-date period, XYLU.L achieves a 5.28% return, which is significantly higher than BUYW's 3.68% return.
XYLU.L
- 1D
- 0.03%
- 1M
- 2.15%
- YTD
- 5.28%
- 6M
- 6.77%
- 1Y
- 18.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUYW
- 1D
- 0.28%
- 1M
- 0.92%
- YTD
- 3.68%
- 6M
- 4.93%
- 1Y
- 10.30%
- 3Y*
- 8.75%
- 5Y*
- —
- 10Y*
- —
XYLU.L vs. BUYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 5.28% | 7.85% | 19.71% | 0.64% |
BUYW Main Buywrite ETF | 3.68% | 9.08% | 9.82% | 2.29% |
Correlation
The correlation between XYLU.L and BUYW is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2023 | 0.28 |
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Return for Risk
XYLU.L vs. BUYW — Risk / Return Rank
XYLU.L
BUYW
XYLU.L vs. BUYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) and Main Buywrite ETF (BUYW). 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.
| XYLU.L | BUYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.43 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 4.00 | -0.52 |
| Martin ratioReturn relative to average drawdown | 18.28 | 21.37 | -3.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XYLU.L | BUYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 2.14 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.17 | -0.06 |
Drawdowns
XYLU.L vs. BUYW - Drawdown Comparison
The maximum XYLU.L drawdown since its inception was -17.20%, which is greater than BUYW's maximum drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for XYLU.L and BUYW.
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Drawdown Indicators
| XYLU.L | BUYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -9.36% | -7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.17% | -2.59% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.36% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -0.61% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.48% | +0.51% |
Volatility
XYLU.L vs. BUYW - Volatility Comparison
Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) has a higher volatility of 1.52% compared to Main Buywrite ETF (BUYW) at 1.00%. This indicates that XYLU.L's price experiences larger fluctuations and is considered to be riskier than BUYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLU.L | BUYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.00% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.45% | 4.03% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 4.85% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 8.47% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 8.47% | +1.97% |
XYLU.L vs. BUYW - Expense Ratio Comparison
XYLU.L has a 0.45% expense ratio, which is lower than BUYW's 1.29% expense ratio.
Dividends
XYLU.L vs. BUYW - Dividend Comparison
XYLU.L's dividend yield for the trailing twelve months is around 10.27%, more than BUYW's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 5.89% | 5.89% | 5.93% | 5.95% | 0.50% |
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 10.27% | 10.48% | 8.49% | 3.88% | 0.00% |
Frequently Asked Questions
XYLU.L and BUYW have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYLU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYLU.L is cheaper with a 0.45% expense ratio, compared with 1.29% for BUYW.
They also come from different issuers: Global X and Main Funds. Their fees differ too: 0.45% for XYLU.L and 1.29% for BUYW.
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