XYLD vs ZAPR
Global X S&P 500 Covered Call ETF vs Innovator Equity Defined Protection ETF - 1 Yr April
Which is better, XYLD or ZAPR?
XYLD has been ahead.
XYLD has a lower expense ratio. XYLD led over 1Y and the full window.
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 | XYLD | ZAPR |
|---|---|---|
| Expense Ratio | 0.60%Best | 0.79% |
| AUM | $3.4B | $68M |
| Dividend Yield | 10.44% | 0.00% |
| Holdings | 1,014 | 21 |
| YTD Return | +11.42%Best | +5.06% |
| 1Y Return | +18.43%Best | +6.36% |
| 3Y Return (annualized) | +13.38% | - |
| 5Y Return (annualized) | +7.59% | - |
| Volatility (annualized) | 4.7% | 1.1%Best |
| Max Drawdown | -10.1% | -1.7%Best |
| $10,000 over 1.5 years | $12,402Best | $11,037 |
| Fund Family | Global X by mirae Asset | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 21, 2013 | Apr 1, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 1, 2025 to Oct 14, 2026 (1.5 years).
XYLD vs ZAPR 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 1.5 years both funds cover.
XYLD vs ZAPR Performance
Global X S&P 500 Covered Call ETF (XYLD) is an ETF from Global X by mirae Asset and Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) is an ETF from Innovator ETFs Trust. Over the past year XYLD returned +18.43% while ZAPR returned +6.36%. Year to date, XYLD is up 11.42% versus a gain of 5.06% for ZAPR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XYLD has been the more volatile fund, with annualized monthly volatility of 4.7% compared with 1.1% for ZAPR. 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 -10.1% for XYLD and -1.7% for ZAPR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
XYLD charges 0.60% per year while ZAPR charges 0.79%. On a $10,000 position that is $60 vs $79 annually, a gap of $19 per year that compounds over a long holding period. On income, XYLD currently yields 10.44% against 0.00% for ZAPR.
Holdings Overlap
We hold position weights for 496 holdings in XYLD and 1 in ZAPR, totalling 101.3% and 112.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 496 positions we hold weights for in XYLD and 1 in ZAPR, against full books of 1,014 and 21.
You are not choosing between two funds in isolation.
Whichever of XYLD and ZAPR 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, XYLD or ZAPR?
XYLD has an expense ratio of 0.60% while ZAPR charges 0.79%. XYLD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, XYLD or ZAPR?
Over the past year XYLD returned +18.43% vs +6.36% for ZAPR, so XYLD leads on 1-year performance. Over the longest common window we track (2 years), XYLD annualized +15.43% vs +6.80% for ZAPR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, XYLD or ZAPR?
XYLD has been the more volatile fund at 4.7% annualized versus 1.1% for ZAPR. Worst drawdown: XYLD -10.1% vs ZAPR -1.7%.
Should I hold both XYLD and ZAPR?
XYLD and ZAPR have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, XYLD or ZAPR?
XYLD yields 10.44% while ZAPR yields 0.00%, so XYLD currently pays the higher dividend yield.
Is ZAPR better than XYLD?
XYLD has a lower expense ratio. XYLD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.