ALTY vs XYLD
Global X Alternative Income ETF vs Global X S&P 500 Covered Call ETF
Which is better, ALTY or XYLD?
XYLD has been ahead.
ALTY has a lower expense ratio. XYLD led over 1Y, 3Y, 5Y and the full window. XYLD is less concentrated, with 39.8% of the fund in its ten largest positions against 87.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ALTY | XYLD |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.60% |
| AUM | $45M | $3.4B |
| Dividend Yield | 7.94% | 10.44% |
| Holdings | 44 | 1,014 |
| YTD Return | +2.26% | +11.42%Best |
| 1Y Return | +6.15% | +18.43%Best |
| 3Y Return (annualized) | +11.10% | +13.38%Best |
| 5Y Return (annualized) | +4.50% | +7.59%Best |
| Volatility (annualized) | 16.2% | 11.7%Best |
| Max Drawdown | -60.1% | -34.7%Best |
| $10,000 over 5 years | $12,462 | $14,416Best |
| Top 10 Weight | 87.6% | 39.8%Best |
| Fund Family | Global X by mirae Asset | Global X by mirae Asset |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 13, 2015 | Jun 21, 2013 |
Volatility and max drawdown are measured over the window both funds cover: Jul 14, 2015 to Oct 14, 2026 (11.3 years).
ALTY vs XYLD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.3 years both funds cover.
ALTY vs XYLD Performance
Global X Alternative Income ETF (ALTY) is an ETF from Global X by mirae Asset and Global X S&P 500 Covered Call ETF (XYLD) is an ETF from Global X by mirae Asset. Over the past year ALTY returned +6.15% while XYLD returned +18.43%. Year to date, ALTY is up 2.26% versus a gain of 11.42% for XYLD.
Over three years, ALTY compounded at +11.10% per year against +13.38% for XYLD; over five years the annualized figures are +4.50% and +7.59% respectively. Across the full 11-year window we track, XYLD has the edge at +4.70% annualized vs +1.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALTY has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 11.7% for XYLD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.1% for ALTY and -34.7% for XYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALTY charges 0.50% per year while XYLD charges 0.60%. On a $10,000 position that is $50 vs $60 annually, a gap of $10 per year that compounds over a long holding period. On income, ALTY currently yields 7.94% against 10.44% for XYLD.
Holdings Overlap
3.8% of ALTY's money is in holdings XYLD also owns. 0.1% of XYLD's money is in holdings ALTY also owns.
ALTY and XYLD share little of their money.
3 positions in common, counted across the 20 positions we hold weights for in ALTY and 496 in XYLD, against full books of 44 and 1,014.
What only one of them owns
Our book lists 489 positions for XYLD that do not appear in our book for ALTY (101.0% of the fund), and 17 for ALTY that do not appear in XYLD (96.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ALTY and XYLD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALTY or XYLD?
ALTY has an expense ratio of 0.50% while XYLD charges 0.60%. ALTY is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, ALTY or XYLD?
Over the past year ALTY returned +6.15% vs +18.43% for XYLD, so XYLD leads on 1-year performance. Over the longest common window we track (11 years), ALTY annualized +1.36% vs +4.70% for XYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALTY or XYLD?
ALTY has been the more volatile fund at 16.2% annualized versus 11.7% for XYLD. Worst drawdown: ALTY -60.1% vs XYLD -34.7%.
Should I hold both ALTY and XYLD?
ALTY and XYLD have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ALTY and XYLD?
3.8% of ALTY's money is in holdings XYLD also owns. 0.1% of XYLD's is in holdings ALTY also owns. They hold 3 positions in common, counted across the 20 positions we hold weights for in ALTY and 496 in XYLD.
Which pays a higher dividend, ALTY or XYLD?
ALTY yields 7.94% while XYLD yields 10.44%, so XYLD currently pays the higher dividend yield.
Is XYLD better than ALTY?
ALTY has a lower expense ratio. XYLD led over 1Y, 3Y, 5Y and the full window. XYLD is less concentrated, with 39.8% of the fund in its ten largest positions against 87.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.