XYLU.L vs. CWII

Last updated Jun 5, 2026

XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and CWII (REX CRWV Growth & Income ETF) are both Derivative Income funds. XYLU.L is passively managed, while CWII is actively managed. At a 0.30 correlation, their price movements are largely independent. XYLU.L charges 0.45%/yr vs 1.03%/yr for CWII.

Performance

XYLU.L vs. CWII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) and REX CRWV Growth & Income ETF (CWII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XYLU.L achieves a 5.28% return, which is significantly lower than CWII's 35.03% return.

XYLU.L

• 1D: 0.03%
• 1M: 2.15%
• YTD: 5.28%
• 6M: 6.77%
• 1Y: 18.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWII

• 1D: -1.60%
• 1M: -10.42%
• YTD: 35.03%
• 6M: 9.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XYLU.L vs. CWII - Yearly Performance Comparison

	2026 (YTD)	2025
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD	5.28%	3.81%
CWII REX CRWV Growth & Income ETF	35.03%	-42.16%

Correlation

The correlation between XYLU.L and CWII is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.30

Return for Risk

XYLU.L vs. CWII — Risk / Return Rank

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

XYLU.L

XYLU.L Risk / Return Rank: 83
XYLU.L Sharpe Ratio Rank: 82
XYLU.L Sortino Ratio Rank: 88
XYLU.L Omega Ratio Rank: 89
XYLU.L Calmar Ratio Rank: 71
XYLU.L Martin Ratio Rank: 87

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.

XYLU.L vs. CWII - 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 REX CRWV Growth & Income ETF (CWII). 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	CWII	Difference
Sharpe ratio: Return per unit of total volatility	2.61	—	—
Sortino ratio: Return per unit of downside risk	3.93	—	—
Omega ratio: Gain probability vs. loss probability	1.56	—	—
Calmar ratio: Return relative to maximum drawdown	3.48	—	—
Martin ratio: Return relative to average drawdown	18.28	—	—
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

	XYLU.L	CWII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	-0.40	+1.51

Drawdowns

XYLU.L vs. CWII - Drawdown Comparison

The maximum XYLU.L drawdown since its inception was -17.20%, smaller than the maximum CWII drawdown of -48.46%. Use the drawdown chart below to compare losses from any high point for XYLU.L and CWII.

Drawdown Indicators

	XYLU.L	CWII	Difference
Max Drawdown Largest peak-to-trough decline	-17.20%	-48.46%	+31.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	—	—
Current Drawdown Current decline from peak	0.00%	-21.90%	+21.90%
Average Drawdown Average peak-to-trough decline	-2.02%	-30.49%	+28.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	—	—

Volatility

Volatility by Period

	XYLU.L	CWII	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.89%	88.33%	-81.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.44%	88.33%	-77.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.44%	88.33%	-77.89%

XYLU.L vs. CWII - Expense Ratio Comparison

XYLU.L has a 0.45% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

XYLU.L vs. CWII - Dividend Comparison

XYLU.L's dividend yield for the trailing twelve months is around 10.27%, less than CWII's 21.06% yield.

Position	TTM	2025	2024	2023
CWII REX CRWV Growth & Income ETF	21.06%	6.09%	0.00%	0.00%
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD	10.27%	10.48%	8.49%	3.88%

Frequently Asked Questions

Can I hold both XYLU.L and CWII in my portfolio?

XYLU.L and CWII 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.

Which ETF is better, XYLU.L or CWII?

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.

Which ETF is cheaper, XYLU.L or CWII?

XYLU.L is cheaper with a 0.45% expense ratio, compared with 1.03% for CWII.

What is the main difference between XYLU.L and CWII?

They also come from different issuers: Global X and REX Shares. Their fees differ too: 0.45% for XYLU.L and 1.03% for CWII.