^XSP vs. XYLD
Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) 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: ^XSP or XYLD.
Correlation
The correlation between ^XSP and XYLD is 0.85, 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
^XSP vs. XYLD - Performance Comparison
Key characteristics
^XSP:
1.90
XYLD:
2.50
^XSP:
2.54
XYLD:
3.39
^XSP:
1.35
XYLD:
1.65
^XSP:
2.81
XYLD:
3.33
^XSP:
12.39
XYLD:
21.90
^XSP:
1.93%
XYLD:
0.79%
^XSP:
12.58%
XYLD:
6.91%
^XSP:
-25.43%
XYLD:
-33.46%
^XSP:
-3.58%
XYLD:
-0.64%
Returns By Period
In the year-to-date period, ^XSP achieves a 23.11% return, which is significantly higher than XYLD's 16.79% return.
^XSP
23.11%
-0.36%
7.02%
23.15%
N/A
N/A
XYLD
16.79%
0.96%
9.17%
17.12%
6.29%
6.83%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^XSP vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) 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.
Drawdowns
^XSP vs. XYLD - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for ^XSP and XYLD. For additional features, visit the drawdowns tool.
Volatility
^XSP vs. XYLD - Volatility Comparison
S&P 500 Mini-SPX Options Index (^XSP) has a higher volatility of 3.64% compared to Global X S&P 500 Covered Call ETF (XYLD) at 0.86%. This indicates that ^XSP'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.