ACRE vs. RYLD

Last updated Jun 4, 2026

ACRE (Ares Commercial Real Estate Corporation) is a stock, while RYLD (Global X Russell 2000 Covered Call ETF) is Hedge Fund fund tracking the CBOE Russell 2000 BuyWrite Index. Over the past 5 years, ACRE returned -10.57%/yr vs 2.69%/yr for RYLD. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

ACRE vs. RYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ares Commercial Real Estate Corporation (ACRE) and Global X Russell 2000 Covered Call ETF (RYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACRE achieves a 5.57% return, which is significantly lower than RYLD's 8.33% return.

ACRE

• 1D: -2.78%
• 1M: -6.68%
• YTD: 5.57%
• 6M: -1.81%
• 1Y: 18.18%
• 3Y*: -8.54%
• 5Y*: -10.57%
• 10Y*: 2.20%

RYLD

• 1D: -0.19%
• 1M: 2.78%
• YTD: 8.33%
• 6M: 9.14%
• 1Y: 21.47%
• 3Y*: 7.45%
• 5Y*: 2.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACRE vs. RYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ACRE Ares Commercial Real Estate Corporation	5.57%	-7.92%	-34.00%	15.56%	-20.44%	34.30%	-13.84%	10.22%
RYLD Global X Russell 2000 Covered Call ETF	8.33%	5.65%	10.13%	0.27%	-13.03%	22.13%	-0.44%	8.92%

Correlation

The correlation between ACRE and RYLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Apr 23, 2019	0.52

The correlation between ACRE and RYLD shifts across timeframes, from 0.41 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ACRE vs. RYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACRE

ACRE Risk / Return Rank: 57
ACRE Sharpe Ratio Rank: 58
ACRE Sortino Ratio Rank: 54
ACRE Omega Ratio Rank: 52
ACRE Calmar Ratio Rank: 61
ACRE Martin Ratio Rank: 61

RYLD

RYLD Risk / Return Rank: 66
RYLD Sharpe Ratio Rank: 59
RYLD Sortino Ratio Rank: 59
RYLD Omega Ratio Rank: 69
RYLD Calmar Ratio Rank: 68
RYLD Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACRE vs. RYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ares Commercial Real Estate Corporation (ACRE) and Global X Russell 2000 Covered Call ETF (RYLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ACRE	RYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.49	2.03	-1.53
Sortino ratio: Return per unit of downside risk	1.02	2.86	-1.83
Omega ratio: Gain probability vs. loss probability	1.12	1.42	-0.30
Calmar ratio: Return relative to maximum drawdown	1.03	3.43	-2.40
Martin ratio: Return relative to average drawdown	2.18	13.86	-11.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACRE vs. RYLD - Sharpe Ratio Comparison

The current ACRE Sharpe Ratio is 0.49, which is lower than the RYLD Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of ACRE and RYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACRE	RYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	2.03	-1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.19	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.32	-0.30

Drawdowns

ACRE vs. RYLD - Drawdown Comparison

The maximum ACRE drawdown since its inception was -75.68%, which is greater than RYLD's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for ACRE and RYLD.

Drawdown Indicators

	ACRE	RYLD	Difference
Max Drawdown Largest peak-to-trough decline	-75.68%	-41.53%	-34.15%
Max Drawdown (1Y) Largest decline over 1 year	-17.69%	-6.29%	-11.40%
Max Drawdown (3Y) Largest decline over 3 years	-61.28%	-19.05%	-42.23%
Max Drawdown (5Y) Largest decline over 5 years	-67.51%	-21.33%	-46.18%
Max Drawdown (10Y) Largest decline over 10 years	-75.68%	—	—
Current Drawdown Current decline from peak	-48.55%	-0.19%	-48.36%
Average Drawdown Average peak-to-trough decline	-19.82%	-8.84%	-10.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.36%	1.55%	+6.81%

Volatility

ACRE vs. RYLD - Volatility Comparison

Ares Commercial Real Estate Corporation (ACRE) has a higher volatility of 9.64% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.02%. This indicates that ACRE's price experiences larger fluctuations and is considered to be riskier than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACRE	RYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.64%	2.02%	+7.62%
Volatility (6M) Calculated over the trailing 6-month period	23.57%	7.60%	+15.97%
Volatility (1Y) Calculated over the trailing 1-year period	37.00%	10.67%	+26.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.67%	14.03%	+21.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.01%	17.20%	+27.81%

Dividends

ACRE vs. RYLD - Dividend Comparison

ACRE's dividend yield for the trailing twelve months is around 12.27%, more than RYLD's 11.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACRE Ares Commercial Real Estate Corporation	12.27%	12.55%	16.98%	13.13%	13.61%	9.63%	11.08%	8.33%	8.90%	8.37%	7.57%	8.74%
RYLD Global X Russell 2000 Covered Call ETF	11.65%	12.00%	12.03%	12.64%	13.49%	12.35%	10.76%	6.43%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACRE and RYLD in my portfolio?

ACRE and RYLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACRE or RYLD?

ACRE has higher volatility (9.64%) compared to RYLD (2.02%). In terms of maximum drawdown, ACRE dropped -75.68% vs RYLD's -41.53%.

Which has better risk-adjusted returns?

RYLD currently has the higher Sharpe Ratio (2.03 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.