XYLU.L vs. SILG.L
XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) are both exchange-traded funds - XYLU.L is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite 15% WHT Index, while SILG.L is a Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index. Both are passively managed. Over the past 3 years, XYLU.L returned 11.34%/yr vs 42.27%/yr for SILG.L. Their 0.24 correlation means their historical movements had little consistent relationship. XYLU.L charges 0.45%/yr vs 0.65%/yr for SILG.L.
Performance
XYLU.L vs. SILG.L - Performance Comparison
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Different Trading Currencies
XYLU.L is traded in USD, while SILG.L is traded in GBP. To make them comparable, the SILG.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 higher than SILG.L's -10.60% 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%
SILG.L
- 1D
- 0.00%
- 1M
- -5.28%
- 6M
- -32.87%
- YTD
- -10.60%
- 1Y
- 59.35%
- 3Y*
- 42.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.26M | $2.64M | $6.21M | |
| $196.14K | $234.50K | $262.11K |
XYLU.L vs. SILG.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% |
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | -10.60% | 173.15% | 11.64% | 11.73% |
Correlation
The correlation between XYLU.L and SILG.L is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.24 |
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Return for Risk
XYLU.L vs. SILG.L — Risk / Return Rank
XYLU.L
SILG.L
XYLU.L vs. SILG.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 Global X Silver Miners UCITS ETF USD Accumulating (SILG.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 | SILG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 1.51 | +1.97 |
| Martin ratioReturn relative to average drawdown | 17.37 | 3.19 | +14.18 |
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Drawdowns
XYLU.L vs. SILG.L - Drawdown Comparison
The maximum XYLU.L drawdown since its inception was -17.20%, smaller than the maximum SILG.L drawdown of -39.61%. Use the drawdown chart below to compare losses from any high point for XYLU.L and SILG.L.
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Drawdown Indicators
| XYLU.L | SILG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -39.61% | +22.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.17% | -39.61% | +34.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.20% | -39.61% | +22.41% |
Current DrawdownCurrent decline from peak | -0.74% | -36.59% | +35.85% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -13.92% | +11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 18.64% | -17.61% |
Volatility
XYLU.L vs. SILG.L - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) is 2.50%, while Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a volatility of 15.59%. This indicates that XYLU.L experiences smaller price fluctuations and is considered to be less risky than SILG.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 | SILG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 15.59% | -13.09% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 44.61% | -37.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 55.79% | -47.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 43.55% | -33.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 43.55% | -33.19% |
XYLU.L vs. SILG.L - Expense Ratio Comparison
XYLU.L has a 0.45% expense ratio, which is lower than SILG.L's 0.65% expense ratio.
Dividends
XYLU.L vs. SILG.L - Dividend Comparison
XYLU.L's dividend yield for the trailing twelve months is around 11.75%, while SILG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | 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 SILG.L have a correlation of 0.33, 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 SILG.L.
XYLU.L is categorized as Derivative Income, while SILG.L is Silver. XYLU.L tracks Cboe S&P 500 BuyWrite 15% WHT Index, while SILG.L tracks Solactive Global Silver Miners Total Return v2 Index. Their fees differ too: 0.45% for XYLU.L and 0.65% for SILG.L.
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