XYLD’s worst drop since 2013 was 33%
Global X S&P 500 Covered Call ETF (XYLD) fell 33% from Feb 2020 to Mar 2020. It took 1.1 years from that peak to close at a new high, in Mar 2021. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 158th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2013 to now
How XYLD held up in each crash
| Crash | Years | XYLD | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −33.5% | −33.7% |
| 2022 rate shock | 2022 | −18.7% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was XYLD’s maximum drawdown?
XYLD’s deepest fall since 2013 was 33.5%, from its high on February 19, 2020 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did XYLD take to recover?
1.1 years. XYLD first closed above its Feb 2020 high again on March 15, 2021.
Was XYLD riskier than the S&P 500?
Over the same years, XYLD’s worst drop was 33.5% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −22.5% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, June 25, 2013 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.