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 52 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% | 27.32M | Nov 2024 | RYLD vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | RYLD vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | RYLD vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | RYLD vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | RYLD vs QQA |
Best Risk-Adjusted Alternatives to RYLD
RYLD has a PortfoliosLab risk / return rank of 68. There are 27 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | RYLD vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | RYLD vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | RYLD vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | RYLD vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | RYLD vs BUCK |
Top Performing RYLD Alternatives (YTD)
RYLD is at 9.51% YTD. There are 60 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | RYLD vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | RYLD vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | RYLD vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | RYLD vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | RYLD vs AMDY |
Lowest Volatility Alternatives to RYLD
RYLD has 10.66% 1-year volatility. There are 47 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | RYLD vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | RYLD vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | RYLD vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | RYLD vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | RYLD vs XRMI |
Lowest Drawdown Alternatives to RYLD
RYLD has a 1-year max drawdown of -6.29%. There are 25 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | RYLD vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | RYLD vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | RYLD vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | RYLD vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | RYLD vs OMAH |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 12 categories. AUM among these funds goes as high as $14B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 84 | 7.89% | 8.44B | Dec 2013 | RYLD vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 11 | -6.53% | 7.43B | Sep 2023 | RYLD vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 58 | 24.56% | 11.08B | May 2018 | RYLD vs AIQ | |
| Global X Uranium ETF | Uranium | 19 | 6.67% | 6.64B | Nov 2010 | RYLD vs URA | |
| Global X Copper Miners ETF | Copper | 60 | 10.71% | 8.06B | Apr 2010 | RYLD vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 23 | 1.13% | 3.54B | Sep 2016 | RYLD vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 35 | -5.97% | 4.57B | Apr 2010 | RYLD vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 78 | 4.54% | 3.19B | Jun 2013 | RYLD vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 89 | 49.19% | 2.37B | Oct 2020 | RYLD vs DTCR | |
| Global X US Infrastructure Development ETF | Industrials Equities | 60 | 20.97% | 14.28B | Mar 2017 | RYLD vs PAVE |
Often Compared With RYLD
Investors most often compare RYLD with JEPI, IWM, SVOL. These 20 comparison targets span 14 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