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XYLP
+0.23 · +2.02%
£11.46 · LSE
Global X S&P 500® Covered Call UCITS ETF Inc GBP | US Equity Income
Global X · Ireland
AUM:£77.2M
#– of – in US Equity Income ETFs
ℹ️
Reward Rating
43
Moderate
6.95% 1Y return
ℹ️
Risk Rating
41
Moderate
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 7.0% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.45% — moderate cost. Consider how fees compound over long holding periods.

What is XYLP?

Global X S&P 500® Covered Call UCITS ETF Inc GBP tracks Morningstar US High Div Yld NR USD, providing diversified exposure across 38 holdings. Its ongoing charge is 0.45%.

Performance Highlights

Investment Breakdown

Positive 1-Year Return
XYLP returned 7.0% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Ongoing charge of 0.45%. Consider how fees compound over a long holding period.
Moderate Concentration
Top 10 holdings make up 45.9% of the ETF — a moderate level of name concentration.

Openbook Analysis

Performance: Moderate (43)

The scoring profile reflects subdued historical performance over the measured period. The ongoing charge of 0.45% should be considered against long-term return expectations. Risk indicators are moderate, in line with typical market exposure (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM£77.2M
Ongoing Charge0.45%
Dividend Yield0.00%
Holdings38
Inception DateJul 2023
DomicileIreland
DistributionMonthly
IndexMorningstar US High Div Yld NR USD
ProviderGlobal X
Beta–
CategoryUS Equity Income
CurrencyGBP
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-0.9%
1Y
+7.8%
3Y
-9.7%
5Y
-9.7%
OpenBook InsightIf you had invested £10,000 in XYLP 5 years ago, it would have fallen to £9,029 — a loss of £971.

Annual Returns

Calendar year performance

XYLP delivered positive returns in 2 of the last 4 calendar years.
YearXYLP
2026 YTD+0.4%
2025-5.8%
2024+18.2%
2023-20.7%
CAGR 3yr-4.1%
2/4 positive yearsAvg return: -2.0%Worst year: -20.7% (2023)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
7.2%
Low
Momentum
+2.9%
30-day change
Support Level
11.29
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.

Reward Rating Breakdown

Our reward rating analyses XYLP's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
43
Moderate REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
35/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
6.95%
Neutral
3Y Return
0.00%
Weak
5Y Return
0.00%
Weak
10Y Return
0.00%
Weak
Sharpe Ratio
—
No Data

Weak historical performance: 1-year return of 6.95%, 3-year annualised 0.00%, 5-year annualised 0.00%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
30/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.45%
Weak
Net Expense Ratio
—
No Data
Annual Turnover
—
No Data
Tracking Difference
—
No Data

Higher-than-average cost profile: ongoing charge of 0.45%.

💵 Income

Weight: 15%
90/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
—
No Data
Distribution Frequency
Monthly
Very Good

Attractive income profile: monthly distributions.

🌐 Diversification Quality

Weight: 25%
40/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
38
Very Weak
Top 10 Concentration
45.88%
Weak
Top Sector
Technology24.4%
Neutral
Top Region
North America99.9%
Very Weak

Concentrated but typical for its category: 38 holdings, top 10 at 45.9%, Technology sector at 24.4%, North America at 99.9%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses XYLP using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
41
Moderate RISK
Data Coverage: 75%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
43/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
45.88%
Moderate
Largest Holding
4.96%
Lower Risk
Number of Holdings
38
Elevated
HHI (weight²)
211
Low Risk

Reasonable spread across positions: top 10 holdings at 45.9%, largest single position at 4.96%, 38 total holdings.

🌍 Market Exposure

Weight: 25%
68/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
North America99.9%
High Risk
Top Sector
Technology24.4%
Moderate
Top 2 Sectors
42.60%
Moderate
Cyclical Sectors
40.45%
Moderate

Notable regional or sector dependency: North America at 99.9%, Technology sector at 24.4%, 40.5% in cyclical sectors.

📊 Volatility

Weight: 35%
20/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
6.97%
Lower Risk
Beta
—
No Data
Max Drawdown
—
No Data

Below-average volatility: 1Y volatility of 6.97% (historical).

💵 Income Reliability

Weight: 15%
Not applicable

This is an accumulating ETF. Distributions are reinvested inside the fund, so there's no dividend-reliability risk to assess. The 15% income weight is redistributed to the other three factors.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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