XYLD and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. XYLD offers a 10.41% yield, while RSPA provides a 9.42% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
Global X S&P 500 Covered Call ETF
5.79
Overall Score
Invesco S&P 500 Equal Weight Income Advantage ETF
6.25
Overall Score
| Criteria | XYLD | RSPA |
|---|---|---|
| Overall Score | 5.79 6.25 | |
| Total Return (25%) | 3.79 5.78 | |
| Downside Protection (25%) | 5.90 3.65 | |
| Upside Participation (25%) | 6.45 6.84 | |
| Consistency (15%) | 7.61 10.00 | |
| Expense Ratio (5%) | 5.00 7.62 | |
| Liquidity (5%) | 7.23 6.01 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | XYLD | RSPA |
|---|---|---|
| Expense Ratio | 0.600% | 0.390% |
| Inception Date | Jun 24, 2013 | Jul 1, 2024 |
| Issuer | Global X | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 stars |
Cut volatility to 9.0% (SPY 15.7%), but its worst drawdown (-23.4%) was only 0.5 points better than SPY's.
Investor Profile:
XYLD tracks the Cboe S&P 500 BuyWrite Index. It holds the S&P 500 stocks, 507 positions, and sells one-month at-the-money call options on the whole portfolio. The rules are mechanical and it pays monthly. PBP tracks the same index.
Down capture of 82% against 68% up capture means the structure gave up more upside than it cushioned losses over 26 months.
Investor Profile:
RSPA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the S&P 500 Equal Weight Index, 523 positions. It earns option income through equity-linked notes (ELNs), and about 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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