^VIX vs. XYLD
Compare and contrast key facts about CBOE Volatility Index (^VIX) and Global X S&P 500 Covered Call ETF (XYLD).
XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VIX or XYLD.
Correlation
The correlation between ^VIX and XYLD is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^VIX vs. XYLD - Performance Comparison
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Key characteristics
^VIX:
0.22
XYLD:
0.53
^VIX:
1.95
XYLD:
0.87
^VIX:
1.24
XYLD:
1.16
^VIX:
0.60
XYLD:
0.52
^VIX:
1.09
XYLD:
2.13
^VIX:
47.39%
XYLD:
3.78%
^VIX:
172.91%
XYLD:
15.28%
^VIX:
-88.70%
XYLD:
-33.46%
^VIX:
-77.48%
XYLD:
-7.47%
Returns By Period
In the year-to-date period, ^VIX achieves a 7.32% return, which is significantly higher than XYLD's -4.44% return. Over the past 10 years, ^VIX has underperformed XYLD with an annualized return of 4.14%, while XYLD has yielded a comparatively higher 6.38% annualized return.
^VIX
7.32%
-39.72%
32.81%
38.75%
-10.07%
4.14%
XYLD
-4.44%
1.06%
-1.55%
7.98%
9.72%
6.38%
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Risk-Adjusted Performance
^VIX vs. XYLD — Risk-Adjusted Performance Rank
^VIX
XYLD
^VIX vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE Volatility Index (^VIX) and Global X S&P 500 Covered Call ETF (XYLD). 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.
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Drawdowns
^VIX vs. XYLD - Drawdown Comparison
The maximum ^VIX drawdown since its inception was -88.70%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for ^VIX and XYLD. For additional features, visit the drawdowns tool.
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Volatility
^VIX vs. XYLD - Volatility Comparison
CBOE Volatility Index (^VIX) has a higher volatility of 31.61% compared to Global X S&P 500 Covered Call ETF (XYLD) at 3.23%. This indicates that ^VIX's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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