Global X Russell 2000 Covered Call ETF (RYLD) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RYLD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RYLD
RYLD charges 0.60% annually. There are 55 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | RYLD vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | RYLD vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | RYLD vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | RYLD vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 5.01B | Oct 2023 | RYLD vs GPIX |
Best Risk-Adjusted Alternatives to RYLD
RYLD has a PortfoliosLab risk / return rank of 93. There are 4 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | RYLD vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | RYLD vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | RYLD vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | RYLD vs BUCK | |
| Roundhill GOOGL WeeklyPay™ ETF | 92 | 85.69M | Jul 2025 | RYLD vs GOOW |
Top Performing RYLD Alternatives (YTD)
RYLD is at 13.48% YTD. There are 47 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | RYLD vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | RYLD vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | RYLD vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | RYLD vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | RYLD vs SOXY |
Lowest Volatility Alternatives to RYLD
RYLD has 10.58% 1-year volatility. There are 48 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | RYLD vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | RYLD vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | RYLD vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | RYLD vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | RYLD vs BUYW |
Lowest Drawdown Alternatives to RYLD
RYLD has a 1-year max drawdown of -6.29%. There are 29 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | RYLD vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | RYLD vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | RYLD vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | RYLD vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | RYLD vs THTA |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 15 categories. AUM among these funds goes as high as $15B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 87 | 8.73% | 8.09B | Dec 2013 | RYLD vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 16 | -0.33% | 7.00B | Sep 2023 | RYLD vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Artificial Intelligence, Technology Equities | 53 | 19.09% | 10.34B | May 2018 | RYLD vs AIQ | |
| Global X Uranium ETF | Uranium | 18 | -4.49% | 5.45B | Nov 2010 | RYLD vs URA | |
| Global X Copper Miners ETF | Copper | 76 | 10.92% | 7.34B | Apr 2010 | RYLD vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Artificial Intelligence, Robotics, Technology Equities | 19 | -0.78% | 3.31B | Sep 2016 | RYLD vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 42 | -9.13% | 3.96B | Apr 2010 | RYLD vs SIL | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 78 | 32.24% | 2.30B | Oct 2020 | RYLD vs DTCR | |
| Global X US Infrastructure Development ETF | Infrastructure Equities, Industrials Equities | 61 | 20.61% | 14.54B | Mar 2017 | RYLD vs PAVE | |
| Global X SuperDividend ETF | Global Equities, Dividend | 66 | 8.49% | 1.21B | Jun 2011 | RYLD vs SDIV |
Often Compared With RYLD
Investors most often compare RYLD with JEPI, IWM, SVOL. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare RYLD with Any Fund or Stock
Compare RYLD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RYLD with funds that move differently
Global X Russell 2000 Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RYLD.
Explore RYLD Diversifiers