XYLDGlobal X S&P 500 Covered Call ETF
Seeks investment results that correspond to the performance of the Cboe S&P 500 BuyWrite Index.
Global X Funds · Since 2013 (12 years)
0.60%
#2918 out of 5,332 ETFs
$3.0B
#520 out of 5,332 ETFs
10.98%
12 years
#1096 out of 5,332 ETFs
Performance
1 Year
+17.2%
3 Years
+11.8%
5 Years
+7.8%
What's inside
Top holdings
Risk profile
6.8%
Moderate
-33.5%
Worst peak-to-trough loss
0.80
Decent risk-adjusted returns
1.17
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05