Global X Russell 2000 Covered Call ETF (RYLD) belongs to the Hedge Fund 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 4 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.36%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers MSCI EAFE Hedged Equity ETF | 0.36% | 8.81B | Jun 2011 | RYLD vs DBEF | |
| SPDR SSgA Multi-Asset Real Return ETF | 0.50% | 1.21B | Apr 2012 | RYLD vs RLY | |
| Simplify Interest Rate Hedge ETF | 0.50% | 231.13M | May 2021 | RYLD vs PFIX | |
| RPAR Risk Parity ETF | 0.51% | 607.77M | Dec 2019 | RYLD vs RPAR | |
| Global X NASDAQ 100 Tail Risk ETF | 0.60% | 7.81M | Aug 2021 | RYLD vs QTR |
Best Risk-Adjusted Alternatives to RYLD
RYLD has a PortfoliosLab risk / return rank of 66. There are 6 ETFs in the Hedge Fund category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR SSgA Multi-Asset Real Return ETF | 92 | 1.21B | Apr 2012 | RYLD vs RLY | |
| Proshares Merger ETF | 90 | 15.87M | Dec 2012 | RYLD vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 85 | 233.61M | Jan 2011 | RYLD vs WTMF | |
| First Trust Managed Futures Strategy Fund | 78 | 259.69M | Aug 2013 | RYLD vs FMF | |
| Gadsden Dynamic Multi-Asset ETF | 74 | 160.49M | Nov 2018 | RYLD vs GDMA |
Top Performing RYLD Alternatives (YTD)
RYLD is at 8.33% YTD. There are 10 ETFs in the Hedge Fund category with higher YTD returns, going as high as 17.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X NASDAQ 100 Tail Risk ETF | 17.64% | 7.81M | Aug 2021 | RYLD vs QTR | |
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 17.30% | 110.36M | Mar 2016 | RYLD vs FVC | |
| SPDR SSgA Multi-Asset Real Return ETF | 17.13% | 1.21B | Apr 2012 | RYLD vs RLY | |
| Cambria Global Momentum ETF | 11.55% | 70.43M | Nov 2014 | RYLD vs GMOM | |
| Gadsden Dynamic Multi-Asset ETF | 11.18% | 160.49M | Nov 2018 | RYLD vs GDMA |
Lowest Volatility Alternatives to RYLD
RYLD has 10.67% 1-year volatility. There are 12 ETFs in the Hedge Fund category with lower 1-year volatility, going as low as 2.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 2.89% | 90.93M | May 2020 | RYLD vs ARB | |
| Proshares Merger ETF | 4.11% | 15.87M | Dec 2012 | RYLD vs MRGR | |
| IQ Merger Arbitrage ETF | 4.74% | 253.18M | Nov 2009 | RYLD vs MNA | |
| WisdomTree Managed Futures Strategy Fund | 8.63% | 233.61M | Jan 2011 | RYLD vs WTMF | |
| First Trust Managed Futures Strategy Fund | 9.66% | 259.69M | Aug 2013 | RYLD vs FMF |
Lowest Drawdown Alternatives to RYLD
RYLD has a 1-year max drawdown of -6.29%. There are 6 ETFs in the Hedge Fund category with shallower 1-year drawdowns, going as shallow as -0.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | -0.69% | 90.93M | May 2020 | RYLD vs ARB | |
| Proshares Merger ETF | -1.29% | 15.87M | Dec 2012 | RYLD vs MRGR | |
| IQ Merger Arbitrage ETF | -1.40% | 253.18M | Nov 2009 | RYLD vs MNA | |
| First Trust Managed Futures Strategy Fund | -3.42% | 259.69M | Aug 2013 | RYLD vs FMF | |
| SPDR SSgA Multi-Asset Real Return ETF | -3.71% | 1.21B | Apr 2012 | RYLD vs RLY |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, URA 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 | 88 | 7.88% | 8.41B | Dec 2013 | RYLD vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 15 | -2.28% | 7.99B | Sep 2023 | RYLD vs SHLD | |
| Global X Uranium ETF | Commodity Producers Equities | 34 | 17.93% | 7.06B | Nov 2010 | RYLD vs URA | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 81 | 35.98% | 10.85B | May 2018 | RYLD vs AIQ | |
| Global X Copper Miners ETF | Materials | 75 | 25.71% | 7.99B | Apr 2010 | RYLD vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 33 | 11.15% | 3.74B | Sep 2016 | RYLD vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 48 | 4.75% | 5.22B | Apr 2010 | RYLD vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 82 | 4.96% | 3.17B | Jun 2013 | RYLD vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 92 | 52.56% | 2.14B | Oct 2020 | RYLD vs DTCR | |
| Global X US Infrastructure Development ETF | Utilities Equities | 59 | 19.88% | 13.54B | 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