XYLU.L vs. SOXY
XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. XYLU.L is passively managed, while SOXY is actively managed. Over the past year, XYLU.L returned 18.07% vs 149.48% for SOXY. At a 0.48 correlation, their price movements are largely independent. XYLU.L charges 0.45%/yr vs 0.99%/yr for SOXY.
Performance
XYLU.L vs. SOXY - 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 lower than SOXY's 88.08% return.
XYLU.L
- 1D
- 0.03%
- 1M
- 2.15%
- YTD
- 5.28%
- 6M
- 6.77%
- 1Y
- 18.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXY
- 1D
- -0.85%
- 1M
- 26.29%
- YTD
- 88.08%
- 6M
- 88.02%
- 1Y
- 149.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLU.L vs. SOXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 5.28% | 7.85% | 2.00% |
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 88.08% | 37.00% | -1.18% |
Correlation
The correlation between XYLU.L and SOXY is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.48 |
The correlation between XYLU.L and SOXY has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
XYLU.L vs. SOXY — Risk / Return Rank
XYLU.L
SOXY
XYLU.L vs. SOXY - 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 YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). 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 | SOXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.73 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 10.99 | -7.51 |
| Martin ratioReturn relative to average drawdown | 18.28 | 41.39 | -23.11 |
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 | SOXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 5.15 | -2.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 2.53 | -1.42 |
Drawdowns
XYLU.L vs. SOXY - Drawdown Comparison
The maximum XYLU.L drawdown since its inception was -17.20%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for XYLU.L and SOXY.
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Drawdown Indicators
| XYLU.L | SOXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -30.22% | +13.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.17% | -13.68% | +8.51% |
Current DrawdownCurrent decline from peak | 0.00% | -0.85% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -4.93% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.63% | -2.64% |
Volatility
XYLU.L vs. SOXY - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) is 1.52%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 12.86%. This indicates that XYLU.L experiences smaller price fluctuations and is considered to be less risky than SOXY 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 | SOXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 12.86% | -11.34% |
Volatility (6M)Calculated over the trailing 6-month period | 5.45% | 24.08% | -18.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 29.18% | -22.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 34.53% | -24.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 34.53% | -24.09% |
XYLU.L vs. SOXY - Expense Ratio Comparison
XYLU.L has a 0.45% expense ratio, which is lower than SOXY's 0.99% expense ratio.
Dividends
XYLU.L vs. SOXY - Dividend Comparison
XYLU.L's dividend yield for the trailing twelve months is around 10.27%, more than SOXY's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 7.36% | 11.47% | 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 SOXY have a correlation of 0.54, 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 0.99% for SOXY.
They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.45% for XYLU.L and 0.99% for SOXY.
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