XYLU.L vs. ISPE.L
XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and ISPE.L (iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc)) are both exchange-traded funds - XYLU.L is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite 15% WHT Index, while ISPE.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index (USD). Both are passively managed. Over the past 3 years, XYLU.L returned 11.34%/yr vs 14.32%/yr for ISPE.L. Their 0.55 correlation means they have sometimes moved together and sometimes differently. XYLU.L charges 0.45%/yr vs 0.17%/yr for ISPE.L.
Performance
XYLU.L vs. ISPE.L - Performance Comparison
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Different Trading Currencies
XYLU.L is traded in USD, while ISPE.L is traded in GBP. To make them comparable, the ISPE.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 ISPE.L's 12.21% 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%
ISPE.L
- 1D
- 1.50%
- 1M
- 3.10%
- 6M
- 5.91%
- YTD
- 12.21%
- 1Y
- 17.09%
- 3Y*
- 14.32%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.51M | $1.52M | $1.53M | |
| $196.14K | $234.50K | $262.11K |
XYLU.L vs. ISPE.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% |
ISPE.L iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc) | 12.21% | 19.69% | 9.62% | 4.55% |
Correlation
The correlation between XYLU.L and ISPE.L is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.55 |
The correlation between XYLU.L and ISPE.L has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
XYLU.L vs. ISPE.L — Risk / Return Rank
XYLU.L
ISPE.L
XYLU.L vs. ISPE.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 iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc) (ISPE.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 | ISPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.21 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 1.79 | +1.69 |
| Martin ratioReturn relative to average drawdown | 17.37 | 6.01 | +11.36 |
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Drawdowns
XYLU.L vs. ISPE.L - Drawdown Comparison
The maximum XYLU.L drawdown since its inception was -17.20%, smaller than the maximum ISPE.L drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for XYLU.L and ISPE.L.
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Drawdown Indicators
| XYLU.L | ISPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -24.90% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -5.17% | -9.53% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.20% | -18.34% | +1.14% |
Current DrawdownCurrent decline from peak | -0.74% | -0.05% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -4.45% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.82% | -1.79% |
Volatility
XYLU.L vs. ISPE.L - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) is 2.50%, while iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc) (ISPE.L) has a volatility of 3.47%. This indicates that XYLU.L experiences smaller price fluctuations and is considered to be less risky than ISPE.L 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 | ISPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.47% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 10.27% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 13.91% | -5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 19.09% | -8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 19.09% | -8.73% |
XYLU.L vs. ISPE.L - Expense Ratio Comparison
XYLU.L has a 0.45% expense ratio, which is higher than ISPE.L's 0.17% expense ratio.
Dividends
XYLU.L vs. ISPE.L - Dividend Comparison
XYLU.L's dividend yield for the trailing twelve months is around 11.75%, while ISPE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ISPE.L iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 11.75% | 10.48% | 7.24% | 3.88% |
Frequently Asked Questions
XYLU.L and ISPE.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISPE.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPE.L is cheaper with a 0.17% expense ratio, compared with 0.45% for XYLU.L.
XYLU.L is categorized as Derivative Income, while ISPE.L is S&P 500. XYLU.L tracks Cboe S&P 500 BuyWrite 15% WHT Index, while ISPE.L tracks S&P 500 Equal Weight Index (USD). They also come from different issuers: Global X and iShares. Their fees differ too: 0.45% for XYLU.L and 0.17% for ISPE.L.
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