XYLU.L vs. HDLG.L
XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and HDLG.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) are both exchange-traded funds - XYLU.L is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite 15% WHT Index, while HDLG.L is a S&P 500 fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 3 years, XYLU.L returned 11.34%/yr vs 11.96%/yr for HDLG.L. Their 0.15 correlation means their historical movements had little consistent relationship. XYLU.L charges 0.45%/yr vs 0.30%/yr for HDLG.L.
Performance
XYLU.L vs. HDLG.L - Performance Comparison
Loading charts...
Different Trading Currencies
XYLU.L is traded in USD, while HDLG.L is traded in GBp. To make them comparable, the HDLG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XYLU.L achieves a 8.52% return, which is significantly lower than HDLG.L's 14.30% return.
XYLU.L
- 1D
- 0.00%
- 1M
- 3.00%
- 6M
- 7.00%
- YTD
- 8.52%
- 1Y
- 17.96%
- 3Y*
- 11.34%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.70%
HDLG.L
- 1D
- 1.45%
- 1M
- 4.55%
- 6M
- 9.92%
- YTD
- 14.30%
- 1Y
- 15.73%
- 3Y*
- 11.96%
- 5Y*
- 7.77%
- 10Y*
- 6.78%
- ALL TIME*
- 4.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $896.79K | $940.83K | $1.44M | |
| $196.14K | $234.50K | $262.11K |
XYLU.L vs. HDLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 8.52% | 7.85% | 18.11% | 1.33% |
HDLG.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 14.30% | 3.71% | 16.48% | 5.14% |
Correlation
The correlation between XYLU.L and HDLG.L is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.15 |
The correlation between XYLU.L and HDLG.L shifts across timeframes, from 0.02 (1 year) to 0.15 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XYLU.L vs. HDLG.L — Risk / Return Rank
XYLU.L
HDLG.L
XYLU.L vs. HDLG.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 USD (XYLU.L) and Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLG.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.
| XYLU.L | HDLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 2.25 | +1.22 |
| Martin ratioReturn relative to average drawdown | 17.37 | 5.02 | +12.36 |
Loading charts...
Drawdowns
XYLU.L vs. HDLG.L - Drawdown Comparison
The maximum XYLU.L drawdown since its inception was -17.20%, smaller than the maximum HDLG.L drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for XYLU.L and HDLG.L.
Loading charts...
Drawdown Indicators
| XYLU.L | HDLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -40.58% | +23.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.17% | -6.96% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.20% | -14.74% | -2.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.58% | — |
Current DrawdownCurrent decline from peak | -0.74% | 0.00% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -11.87% | +9.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 3.12% | -2.09% |
Volatility
XYLU.L vs. HDLG.L - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) is 2.50%, while Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLG.L) has a volatility of 3.69%. This indicates that XYLU.L experiences smaller price fluctuations and is considered to be less risky than HDLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XYLU.L | HDLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.69% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 8.59% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 11.00% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 14.04% | -3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 16.23% | -5.87% |
XYLU.L vs. HDLG.L - Expense Ratio Comparison
XYLU.L has a 0.45% expense ratio, which is higher than HDLG.L's 0.30% expense ratio.
Dividends
XYLU.L vs. HDLG.L - Dividend Comparison
XYLU.L's dividend yield for the trailing twelve months is around 11.75%, more than HDLG.L's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLG.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.36% | 3.94% | 3.46% | 4.11% | 3.49% | 3.30% | 4.65% | 3.77% | 3.67% | 3.17% | 2.88% | 1.86% |
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 11.75% | 10.48% | 7.24% | 3.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYLU.L and HDLG.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDLG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDLG.L is cheaper with a 0.30% expense ratio, compared with 0.45% for XYLU.L.
XYLU.L is categorized as Derivative Income, while HDLG.L is S&P 500. XYLU.L tracks Cboe S&P 500 BuyWrite 15% WHT Index, while HDLG.L tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.45% for XYLU.L and 0.30% for HDLG.L.
Find the right allocation for XYLU.L and HDLG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer