XYLU.L vs. HYTI
XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and HYTI (FT Vest High Yield & Target Income ETF) are both Derivative Income funds. XYLU.L is passively managed, while HYTI is actively managed. Over the past year, XYLU.L returned 18.07% vs 6.93% for HYTI. At a 0.33 correlation, their price movements are largely independent. XYLU.L charges 0.45%/yr vs 0.65%/yr for HYTI.
Performance
XYLU.L vs. HYTI - 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 HYTI's 1.90% return.
XYLU.L
- 1D
- 0.03%
- 1M
- 2.15%
- YTD
- 5.28%
- 6M
- 6.77%
- 1Y
- 18.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYTI
- 1D
- 0.05%
- 1M
- 0.37%
- YTD
- 1.90%
- 6M
- 2.34%
- 1Y
- 6.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLU.L vs. HYTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 5.28% | 5.54% |
HYTI FT Vest High Yield & Target Income ETF | 1.90% | 7.01% |
Correlation
The correlation between XYLU.L and HYTI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.33 |
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Return for Risk
XYLU.L vs. HYTI — Risk / Return Rank
XYLU.L
HYTI
XYLU.L vs. HYTI - 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 FT Vest High Yield & Target Income ETF (HYTI). 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 | HYTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.35 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.92 | +0.56 |
| Martin ratioReturn relative to average drawdown | 18.28 | 12.41 | +5.87 |
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 | HYTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 1.83 | +0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.33 | -0.21 |
Drawdowns
XYLU.L vs. HYTI - Drawdown Comparison
The maximum XYLU.L drawdown since its inception was -17.20%, which is greater than HYTI's maximum drawdown of -4.47%. Use the drawdown chart below to compare losses from any high point for XYLU.L and HYTI.
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Drawdown Indicators
| XYLU.L | HYTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -4.47% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.17% | -2.38% | -2.79% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -0.46% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.56% | +0.43% |
Volatility
XYLU.L vs. HYTI - Volatility Comparison
Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) has a higher volatility of 1.52% compared to FT Vest High Yield & Target Income ETF (HYTI) at 1.11%. This indicates that XYLU.L's price experiences larger fluctuations and is considered to be riskier than HYTI 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 | HYTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.11% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.45% | 3.02% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 3.82% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 5.21% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 5.21% | +5.23% |
XYLU.L vs. HYTI - Expense Ratio Comparison
XYLU.L has a 0.45% expense ratio, which is lower than HYTI's 0.65% expense ratio.
Dividends
XYLU.L vs. HYTI - Dividend Comparison
XYLU.L's dividend yield for the trailing twelve months is around 10.27%, less than HYTI's 10.39% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYTI FT Vest High Yield & Target Income ETF | 10.39% | 8.10% | 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
XYLU.L and HYTI have a correlation of 0.32, 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 0.65% for HYTI.
They also come from different issuers: Global X and FT Vest. Their fees differ too: 0.45% for XYLU.L and 0.65% for HYTI.
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