HFXI vs TYLG
NYLI FTSE International Equity Currency Neutral ETF vs Global X Information Technology Covered Call & Growth ETF
Quick Verdict
HFXI has a lower expense ratio. TYLG delivered stronger 1-year returns. HFXI offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | HFXI | TYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.60% | |
| AUM | $2.1B | $15M | |
| Dividend Yield | 3.39% | 8.89% | |
| Holdings | 876 | 78 | |
| YTD Return | +17.30% | +21.18% | |
| 1Y Return | +29.54% | +35.64% | |
| 3Y Return (annualized) | +21.69% | +23.66% | |
| 5Y Return (annualized) | +12.45% | - | |
| Volatility (annualized) | 13.8% | 15.8% | |
| Max Drawdown | -34.2% | -24.5% | |
| Fund Family | INDEXIQ ETF TRUST | Global X by mirae Asset | |
| Category | Equity | Alternative | |
| Inception | Jul 22, 2015 | Nov 21, 2022 |
HFXI vs TYLG Performance
NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST and Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset. Over the past year HFXI returned +29.54% while TYLG returned +35.64%. Year to date, HFXI is up 17.30% versus a gain of 21.18% for TYLG.
Over three years, HFXI compounded at +21.69% per year against +23.66% for TYLG. Across the full 4-year window we track, TYLG has the edge at +25.12% annualized vs +7.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYLG has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 13.8% for HFXI. 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 -34.2% for HFXI and -24.5% for TYLG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HFXI charges 0.20% per year while TYLG charges 0.60%. On a $10,000 position that is $20 vs $60 annually, a gap of $40 per year that compounds over a long holding period. On income, HFXI currently yields 3.39% against 8.89% for TYLG.
Holdings Overlap
HFXI and TYLG share 0 holdings out of 816 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HFXI or TYLG?
HFXI has an expense ratio of 0.20% while TYLG charges 0.60%. HFXI is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, HFXI or TYLG?
Over the past year HFXI returned +29.54% vs +35.64% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (4 years), HFXI annualized +7.92% vs +25.12% for TYLG. Past performance does not guarantee future results.
Which is riskier, HFXI or TYLG?
TYLG has been the more volatile fund at 15.8% annualized versus 13.8% for HFXI. Worst drawdown: HFXI -34.2% vs TYLG -24.5%.
Should I hold both HFXI and TYLG?
HFXI and TYLG have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFXI and TYLG?
HFXI and TYLG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 816 unique securities.
Which pays a higher dividend, HFXI or TYLG?
HFXI yields 3.39% while TYLG yields 8.89%, so TYLG currently pays the higher dividend yield.
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