# Global X S&P 500Covered Call UCITS ETF USD (XYLP)

**Page:** https://fundology.uk/fund/xylp · ISIN IE0002L5QB31

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, XYLP (Global X S&P 500Covered Call UCITS ETF USD, ISIN IE0002L5QB31) closed at £11.74 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the three years to 13/11/2026 its total return was +13.4%, or +2.5% after UK CPIH inflation.

## Summary

Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD is an exchange-traded fund (ETF) from Global X, launched in 2023. It tracks the S&P 500 — about 500 of the largest companies listed in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.45% a year — about £45 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£11.74** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XYLP |
| ISIN | IE0002L5QB31 |
| Also listed as | XYLU (London Stock Exchange, US dollars), XY7D (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | Global X |
| Tracks | S&P 500 |
| Income | Distributing |
| Ongoing charge | 0.45% a year (£45 per £10,000) |
| Fund size | £173m |
| Launched | 2023 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/07/2023 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +12.96% | +8.96% | income reinvested |
| 3 years | +13.43% | +2.48% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD in pounds (price only, income paid out not included): 2024 +12.5%, 2025 −10.7%; 2026 to 13/11/2026 +1.8%. Returns of Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +7.5%; to 30/09/2025: −3.8%; to 30/09/2024: −1.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | +12.5% | +8.7% | Price |
| 2025 | -10.7% | -13.8% | Price |
| 2026 to 13/11/2026 | +1.8% | -1.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 7.76% | -5.03% |
| 3 years | 10.05% | -19.88% |

## Largest fall

Volatility of Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 7.8% over 1 year, 10.0% over 3 years. Largest fall in the price of Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD since July 2023, in pounds: −19.9% from 17/01/2025 to 23/05/2025. The lowest 12-month return of Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD in pounds (price only, income paid out not included) since July 2023 was −13.1% (12 months to 16/01/2026); the highest was +15.3% (12 months to 17/01/2025). On 13/11/2026 the price of Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD was 12.1% below its highest weekly close since July 2023 (17/01/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD 0.45% a year. Compared on 14/11/2026, 26 of the 254 other US share funds charge more, 2 the same and 226 less (share classes counted once).

## Funds tracking the same index

48 funds track S&P 500, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.45% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core S&P 500 UCITS ETF Accum Shs USD | 0.04% | +13.0% | — | — |
| Amundi Index Solutions - S&P 500 UCITS ETF | 0.15% | +11.0% | +64.7% | +75.5% |
| Amundi Index Solutions - S&P 500 UCITS ETF Dist | 0.15% | +11.4% | +61.3% | — |
| BNP PARIBAS EASY - S&P 500 II | 0.08% | +13.9% | — | — |
| BNP Paribas Easy S&P 500 UCITS ETF Act. EUR HDG | 0.14% | +3.8% | +59.2% | +49.7% |
| BNP Paribas Easy S&P 500 UCITS ETF Class C USD | 0.14% | +11.6% | +63.8% | +74.9% |
| BNP Paribas Easy S&P 500 UCITS ETF Class H USD | 0.14% | +11.6% | +63.8% | +74.9% |
| BNP Paribas Easy SICAV - S&P 500 II -UCITS ETF- Distribution | 0.08% | +11.7% | — | — |
| Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD (this fund) | 0.45% | +13.0% | +13.4% | — |
| HSBC ETFs PLC - HSBC S&P 500 UCITS ETF Accum USD | 0.09% | +11.2% | — | — |
| HSBC S&P 500 UCITS ETF USD | 0.09% | +11.2% | +64.7% | +75.1% |
| Invesco S&P 500 UCITS ETF | 0.05% | +11.4% | +65.5% | +76.9% |
| Invesco S&P 500 UCITS ETF Dist | 0.05% | +12.0% | +65.6% | +78.0% |
| Invesco S&P 500 UCITS ETF EUR Hedged Acc | 0.05% | +4.1% | +60.4% | +50.8% |
| Invesco S&P 500 UCITS ETF Hedged GBP | 0.05% | +11.9% | +76.9% | — |
| iShares Core S&P 500 UCITS ETF | 0.07% | +11.3% | +64.8% | +75.4% |
| iShares Core S&P 500 UCITS ETF GBP Hedged Dist | 0.10% | +11.8% | +75.7% | +65.0% |
| iShares Core S&P 500 UCITS ETF MXN Hedged (Acc) | 0.12% | +12.3% | +75.7% | +143.1% |
| iShares Core S&P 500 UCITS ETF USD (Dist) | 0.07% | +11.3% | +64.8% | +75.3% |
| iShares S&P 500 CHF Hedged UCITS ETF (Acc) | 0.20% | +1.3% | +55.0% | +55.9% |
| iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 0.20% | +4.1% | +60.5% | +50.4% |
| iShares S&P 500 GBP Hedged UCITS ETF (Acc) | 0.20% | +11.5% | +75.3% | +64.3% |
| iShares S&P 500 Swap UCITS ETF AccumUSD | 0.05% | +11.4% | +65.6% | — |
| iShares S&P 500 Swap UCITS ETF GBP Hedged (Dist) | 0.05% | +11.9% | — | — |
| iShares S&P 500 Swap UCITS ETF USD | 0.05% | +11.4% | — | — |
| Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap C-EUR | 0.05% | — | — | — |
| Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD | 0.05% | +11.4% | +65.5% | +76.7% |
| Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR | 0.07% | +4.2% | +61.1% | +51.7% |
| Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged to CHF D | 0.07% | +1.5% | +56.2% | +58.0% |
| Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged to GBP D | 0.05% | +12.0% | +77.1% | +67.3% |
| State Street SPDR S&P 500 UCITS ETF Accum shs - USD | 0.03% | +11.0% | — | — |
| State Street SPDR S&P 500 UCITS ETF USD | 0.03% | +11.0% | +64.5% | +74.8% |
| UBS (Irl) Fund Solutions PLC- UBS S&P 500 SF UCITS ETF Accum Shs USD | 0.19% | +8.7% | +59.9% | +68.0% |
| UBS Core S&P 500 UCITS ETF -A- Hedged GBP | 0.06% | +12.0% | +77.5% | +66.4% |
| UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF | 0.06% | +1.3% | +55.4% | +56.1% |
| UBS Core S&P 500 UCITS ETF Accum -A- Hedged EUR | 0.06% | +4.2% | +61.0% | +50.8% |
| UBS Core S&P 500 UCITS ETF AccumUSD | — | +13.9% | — | — |
| UBS Core S&P 500 UCITS ETF Class -A- USD | 0.03% | +11.3% | +64.8% | +75.2% |
| Vanguard S&P 500 UCITS ETF | 0.07% | +11.3% | +64.7% | +75.3% |
| Vanguard S&P 500 UCITS ETF Acc | 0.07% | +11.3% | +64.7% | +75.3% |
| Xtrackers S&P 500 Swap II UCITS ETF -1D- USD | 0.04% | +13.7% | — | — |
| Xtrackers S&P 500 Swap UCITS ETF | 0.20% | +11.7% | +75.8% | — |
| Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C | 0.15% | +11.3% | +65.1% | +76.2% |
| Xtrackers S&P 500 Swap UCITS ETF Dist | 0.07% | +11.4% | — | — |
| Xtrackers S&P 500 UCITS ETF | — | +11.3% | — | — |
| Xtrackers S&P 500 UCITS ETF -4D- USD | 0.19% | +8.7% | — | — |
| Xtrackers S&P 500 UCITS ETF Accum Shs -2C- Hedged GBP | 0.15% | +11.8% | +75.8% | +64.6% |
| Xtrackers S&P 500 UCITS ETF EUR Hedged | 0.15% | +4.1% | +60.1% | +49.5% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.45%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of XYLP?**

The ongoing charge of XYLP is 0.45% a year — about £45 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD 0.45% a year. Compared on 14/11/2026, 26 of the 254 other US share funds charge more, 2 the same and 226 less (share classes counted once).

**What does XYLP track?**

XYLP tracks the S&P 500 — about 500 of the largest companies listed in the US.

**Is XYLP accumulating or distributing?**

XYLP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.

**What is the ISIN of XYLP?**

The ISIN of XYLP is IE0002L5QB31. An ISIN identifies one exact share class of a fund; XYLP is its ticker on the London Stock Exchange. The same share class is also listed as XYLU (London Stock Exchange, US dollars) and XY7D (Xetra, euros).

**What were XYLP’s returns in each of the last five years?**

Calendar-year returns of XYLP in pounds (price only, income paid out not included): 2024 +12.5%, 2025 −10.7%; 2026 to 13/11/2026 +1.8%. Past performance is not a guide to future returns.

**How has XYLP done after inflation?**

Over the three years to 13/11/2026 XYLP’s total return was +13.4%, or +2.5% after UK CPIH inflation. Past performance is not a guide to future returns.

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We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.