XYLU.L vs. SPIN

Last updated Apr 1, 2026

Compare and contrast key facts about Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) and State Street US Equity Premium Income ETF (SPIN).

XYLU.L and SPIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XYLU.L is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite 15% WHT Index. It was launched on Jul 11, 2023. SPIN is an actively managed fund by State Street. It was launched on Sep 5, 2024.

Performance

XYLU.L vs. SPIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) and State Street US Equity Premium Income ETF (SPIN). The values are adjusted to include any dividend payments, if applicable.

XYLU.L vs. SPIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD	-2.53%	7.85%	8.97%
SPIN State Street US Equity Premium Income ETF	-5.22%	14.14%	6.09%

Returns By Period

In the year-to-date period, XYLU.L achieves a -2.53% return, which is significantly higher than SPIN's -5.22% return.

XYLU.L

• 1D: 0.74%
• 1M: -4.04%
• YTD: -2.53%
• 6M: 3.77%
• 1Y: 10.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPIN

• 1D: 2.72%
• 1M: -4.55%
• YTD: -5.22%
• 6M: -1.34%
• 1Y: 13.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XYLU.L vs. SPIN - Expense Ratio Comparison

XYLU.L has a 0.45% expense ratio, which is higher than SPIN's 0.25% expense ratio.

XYLU.L

Global X S&P 500 Covered Call UCITS ETF USD

SPIN

State Street US Equity Premium Income ETF

Return for Risk

XYLU.L vs. SPIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XYLU.L

XYLU.L Risk / Return Rank: 45
XYLU.L Sharpe Ratio Rank: 40
XYLU.L Sortino Ratio Rank: 39
XYLU.L Omega Ratio Rank: 59
XYLU.L Calmar Ratio Rank: 32
XYLU.L Martin Ratio Rank: 55

SPIN

SPIN Risk / Return Rank: 49
SPIN Sharpe Ratio Rank: 44
SPIN Sortino Ratio Rank: 46
SPIN Omega Ratio Rank: 53
SPIN Calmar Ratio Rank: 49
SPIN Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XYLU.L vs. SPIN - 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 State Street US Equity Premium Income ETF (SPIN). 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	SPIN	Difference
Sharpe ratio Return per unit of total volatility	0.79	0.83	-0.04
Sortino ratio Return per unit of downside risk	1.14	1.29	-0.15
Omega ratio Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio Return relative to maximum drawdown	0.82	1.28	-0.46
Martin ratio Return relative to average drawdown	5.51	5.44	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XYLU.L vs. SPIN - Sharpe Ratio Comparison

The current XYLU.L Sharpe Ratio is 0.79, which is comparable to the SPIN Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of XYLU.L and SPIN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XYLU.L	SPIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	0.83	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.62	+0.24

Correlation

The correlation between XYLU.L and SPIN is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XYLU.L vs. SPIN - Dividend Comparison

XYLU.L's dividend yield for the trailing twelve months is around 10.86%, more than SPIN's 8.42% yield.

	TTM	2025	2024	2023
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD	10.86%	10.48%	8.49%	3.88%
SPIN State Street US Equity Premium Income ETF	8.42%	8.20%	2.36%	0.00%

Drawdowns

XYLU.L vs. SPIN - Drawdown Comparison

The maximum XYLU.L drawdown since its inception was -17.20%, roughly equal to the maximum SPIN drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for XYLU.L and SPIN.

Drawdown Indicators

	XYLU.L	SPIN	Difference
Max Drawdown Largest peak-to-trough decline	-17.20%	-16.85%	-0.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	-10.88%	-0.43%
Current Drawdown Current decline from peak	-4.47%	-7.35%	+2.88%
Average Drawdown Average peak-to-trough decline	-2.12%	-2.33%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.57%	-0.88%

Volatility

XYLU.L vs. SPIN - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) is 3.39%, while State Street US Equity Premium Income ETF (SPIN) has a volatility of 4.97%. This indicates that XYLU.L experiences smaller price fluctuations and is considered to be less risky than SPIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYLU.L	SPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	4.97%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	5.61%	9.05%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	16.34%	-3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	14.90%	-4.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.62%	14.90%	-4.28%