- ISIN
- US37954Y4594
- CUSIP
- 37954Y459
- Issuer
- Global X
- Inception Date
- Apr 17, 2019
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- CBOE Russell 2000 BuyWrite Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 587K
- Avg. Volume Value (1M)
- $9.39M
Share Price Chart
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Performance
RYLD Performance Chart
Global X Russell 2000 Covered Call ETF (RYLD) is up 12.5% since the beginning of the year. RYLD is currently trading at $16 per share. Investors who bought $1,000 worth of RYLD shares 5 years ago would now be looking at an investment worth $1,169.
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Returns By Period
Global X Russell 2000 Covered Call ETF (RYLD) has returned 12.50% so far this year and 22.37% over the past 12 months.
Global X Russell 2000 Covered Call ETF
- 1D
- 1.07%
- 1M
- 1.32%
- 6M
- 9.44%
- YTD
- 12.50%
- 1Y
- 22.37%
- 3Y*
- 8.15%
- 5Y*
- 3.18%
- 10Y*
- —
- ALL TIME*
- 5.84%
Benchmark (S&P 500 Index)
- 1D
- 1.66%
- 1M
- -0.82%
- 6M
- 6.72%
- YTD
- 8.65%
- 1Y
- 16.89%
- 3Y*
- 17.46%
- 5Y*
- 11.09%
- 10Y*
- 13.10%
- ALL TIME*
- 8.07%
RYLD Monthly Returns History
Based on dividend-adjusted daily data since Apr 22, 2019, RYLD's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +10.4%, while the worst month was Mar 2020 at -23.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, RYLD closed higher 55% of trading days. The best single day was Mar 19, 2020 with a return of +9.1%, while the worst single day was Mar 16, 2020 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.93% | 2.51% | -3.64% | 4.47% | 2.98% | 2.50% | 1.32% | 12.50% | |||||
| 2025 | 2.38% | -2.11% | -4.97% | -3.07% | 1.15% | 3.80% | -0.47% | 3.97% | 0.54% | 3.42% | 0.55% | 0.74% | 5.65% |
| 2024 | -1.46% | 2.05% | 3.52% | -2.51% | 0.70% | -0.48% | 2.26% | 0.64% | 0.94% | 0.01% | 5.43% | -1.16% | 10.13% |
| 2023 | 3.82% | -0.03% | -5.17% | 1.07% | 0.17% | 2.44% | 1.67% | -2.54% | -1.94% | -4.74% | 4.34% | 1.72% | 0.27% |
| 2022 | -5.66% | 2.78% | 3.67% | -6.16% | -2.68% | -2.64% | 4.18% | -4.97% | -6.59% | 7.32% | 0.93% | -2.87% | -13.03% |
| 2021 | 0.53% | 5.24% | 4.71% | 3.38% | 2.00% | 2.90% | -0.86% | 1.66% | -0.47% | 2.33% | -2.88% | 1.92% | 22.13% |
Benchmark Metrics
Global X Russell 2000 Covered Call ETF has an annualized alpha of -3.16%, beta of 0.70, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since April 22, 2019.
- This ETF participated in 77.74% of S&P 500 Index downside but only 55.05% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.16% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 0.70 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -3.16%
- Beta
- 0.70
- R²
- 0.65
- Upside Capture
- 55.05%
- Downside Capture
- 77.74%
Expense Ratio
RYLD has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RYLD ranks 90 for risk / return — above 90% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RYLD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.86 | +1.71 |
| Martin ratioReturn relative to average drawdown | 14.60 | 7.90 | +6.70 |
Dividends
Dividend History
Global X Russell 2000 Covered Call ETF provided a 11.60% dividend yield over the last twelve months, with an annual payout of $1.86 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.86 | $1.84 | $1.97 | $2.12 | $2.54 | $3.01 | $2.43 | $1.64 |
Dividend yield | 11.60% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Russell 2000 Covered Call ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.16 | $0.16 | $0.15 | $0.16 | $0.16 | $0.16 | $0.16 | $1.10 | |||||
| 2025 | $0.17 | $0.16 | $0.15 | $0.14 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.16 | $1.84 |
| 2024 | $0.17 | $0.16 | $0.17 | $0.16 | $0.17 | $0.16 | $0.16 | $0.16 | $0.16 | $0.17 | $0.17 | $0.17 | $1.97 |
| 2023 | $0.20 | $0.20 | $0.18 | $0.18 | $0.16 | $0.18 | $0.18 | $0.17 | $0.17 | $0.16 | $0.17 | $0.17 | $2.12 |
| 2022 | $0.22 | $0.23 | $0.24 | $0.23 | $0.21 | $0.20 | $0.21 | $0.21 | $0.20 | $0.19 | $0.20 | $0.19 | $2.54 |
| 2021 | $0.23 | $0.24 | $0.24 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.31 | $3.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Russell 2000 Covered Call ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Russell 2000 Covered Call ETF was 41.53%, occurring on Mar 18, 2020. Recovery took 204 trading sessions.
The current Global X Russell 2000 Covered Call ETF drawdown is 0.19%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-41.53%Mar 2020 | 26d | 9mo 25d | 10mo 21dFeb 2020 - Jan 2021 | COVID crash2020 |
-21.33%Apr 2025 | 3y 4mo | 9mo 2d | 4y 1moNov 2021 - Jan 2026 | 2025 selloff2025 |
-6.29%Mar 2026 | 1mo 1d | 1mo 2d | 2mo 3dFeb 2026 - May 2026 | — |
-5.29%Aug 2019 | 15d | 2mo 14d | 2mo 29dJul 2019 - Oct 2019 | — |
-4.66%Jan 2020 | 14d | 13d | 27dJan 2020 - Feb 2020 | — |
Drawdown Indicators
| RYLD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -56.78% | +15.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -9.10% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -18.90% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.33% | -25.43% | +4.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.19% | -2.26% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -10.70% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.14% | -0.60% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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