XYLD — Global X S&P 500 Covered Call ETF

XYLD Price Performance — Growth of $10,000

Value of a $10,000 investment in XYLD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XYLD Drawdown

The "underwater" chart: XYLD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Global X S&P 500 Covered Call ETF (Ticker: XYLD) is a covered call strategy ETF that aims to generate income through the sale of call options on the underlying S&P 500 index. Issued by Global X Funds, it is one of the 10 ETFs tracked in the Covered Call / Income category. With an overall rank of #176 out of 458 tracked ETFs, it is positioned in the middle of the pack. The expense ratio of 0.6% and a dividend yield of 9.49% make it relatively cost-effective and income-focused. The fund's price of $41.64 and assets under management (AUM) of $3.24B suggest moderate investor adoption, indicating that it is a well-known and somewhat popular option among investors seeking income and a covered call strategy.

Over the past year, the Global X S&P 500 Covered Call ETF has delivered a strong return of 19.16%, with a more modest 5.08% gain over the past three months. This suggests a trend of accelerating growth, as the fund has seen its returns pick up over time. The 1-month return of +2.31% indicates a stable performance, while the 1-day return of 0.00% shows that the fund's price has been relatively stable in the short term. The 3-year return of +43.19% further supports a long-term positive trend, with the fund outperforming in the longer term compared to shorter horizons.

The Global X S&P 500 Covered Call ETF is labeled as having a 'Very Low' volatility, which suggests that it is relatively stable and less prone to sharp price movements. Its beta of 0.40 indicates that the fund is less sensitive to market movements compared to the broader market, implying that it may perform better during market downturns. The Sharpe ratio of 2.03 is quite high, indicating that the fund has provided a good risk-adjusted return. However, the maximum drawdown of -15.53% shows that the fund has experienced a significant decline in value, which is a risk to be aware of. Overall, the combination of low volatility, a beta below 1, and a high Sharpe ratio suggests that the fund is suitable for investors seeking a stable income stream with moderate risk, but it is important to consider the potential for drawdowns in more volatile market conditions.

AI-generated summary based on the data on this page.

XYLD Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 39.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XYLD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XYLD

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XYLD's top 10 — VTI overlaps most, holding 9 of the same companies as XYLD's top 10 (39.1% of XYLD's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XYLD Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.02% and average daily volume is 740K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $3.24B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XYLD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XYLD Performance History

How XYLD Compares to Other Covered Call / Income ETFs