ADME vs. RYLD
ADME (Aptus Drawdown Managed Equity ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both exchange-traded funds - ADME is a Hedge Fund fund tracking the Aptus Behavioral Momentum Index, while RYLD is a Derivative Income fund tracking the CBOE Russell 2000 BuyWrite Index. Both are passively managed. Over the past 5 years, ADME returned 7.44%/yr vs 2.45%/yr for RYLD. A 0.69 correlation means they provide meaningful diversification when combined. ADME charges 0.79%/yr vs 0.60%/yr for RYLD.
Performance
ADME vs. RYLD - Performance Comparison
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Returns By Period
In the year-to-date period, ADME achieves a 7.37% return, which is significantly lower than RYLD's 9.51% return.
ADME
- 1D
- -1.15%
- 1M
- -1.31%
- YTD
- 7.37%
- 6M
- 6.36%
- 1Y
- 17.42%
- 3Y*
- 16.12%
- 5Y*
- 7.44%
- 10Y*
- 8.73%
RYLD
- 1D
- -0.50%
- 1M
- 2.12%
- YTD
- 9.51%
- 6M
- 8.37%
- 1Y
- 20.74%
- 3Y*
- 8.72%
- 5Y*
- 2.45%
- 10Y*
- —
ADME vs. RYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 7.37% | 10.28% | 22.11% | 15.42% | -21.80% | 20.24% | 18.21% | 5.30% |
RYLD Global X Russell 2000 Covered Call ETF | 9.51% | 5.65% | 10.13% | 0.27% | -13.03% | 22.13% | -0.44% | 8.86% |
Correlation
The correlation between ADME and RYLD is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2019 | 0.69 |
The correlation between ADME and RYLD has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
ADME vs. RYLD — Risk / Return Rank
ADME
RYLD
ADME vs. RYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) 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.
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.
| ADME | RYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.31 | -0.97 |
| Martin ratioReturn relative to average drawdown | 9.68 | 13.37 | -3.69 |
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Drawdowns
ADME vs. RYLD - Drawdown Comparison
The maximum ADME drawdown since its inception was -27.49%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for ADME and RYLD.
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Drawdown Indicators
| ADME | RYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -41.53% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -6.29% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -19.05% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -21.33% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -27.49% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -0.50% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -8.78% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.55% | +0.25% |
Volatility
ADME vs. RYLD - Volatility Comparison
Aptus Drawdown Managed Equity ETF (ADME) has a higher volatility of 4.57% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.00%. This indicates that ADME'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.
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Volatility by Period
| ADME | RYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 2.00% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 7.80% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 10.66% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 14.05% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 17.15% | -2.70% |
ADME vs. RYLD - Expense Ratio Comparison
ADME has a 0.79% expense ratio, which is higher than RYLD's 0.60% expense ratio.
Dividends
ADME vs. RYLD - Dividend Comparison
ADME's dividend yield for the trailing twelve months is around 0.38%, less than RYLD's 11.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.38% | 0.38% | 0.47% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% |
RYLD Global X Russell 2000 Covered Call ETF | 11.73% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ADME and RYLD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADME has higher volatility (4.57%) compared to RYLD (2.00%). In terms of maximum drawdown, ADME dropped -27.49% vs RYLD's -41.53%.
On 5-year performance, ADME leads with 7.44% vs 2.45% for RYLD. On fees, RYLD is cheaper at 0.60% per year. On volatility, RYLD has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ADME has performed better with a 7.44% return vs 2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RYLD is cheaper with a 0.60% expense ratio, compared with 0.79% for ADME.
RYLD has the higher dividend yield at 11.73%, compared with 0.38% for ADME.
ADME is categorized as Hedge Fund, while RYLD is Derivative Income. ADME tracks Aptus Behavioral Momentum Index, while RYLD tracks CBOE Russell 2000 BuyWrite Index. They also come from different issuers: Aptus Capital Advisors and Global X. Their fees differ too: 0.79% for ADME and 0.60% for RYLD.
RYLD currently has the higher Sharpe Ratio (1.96 vs 1.64), 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.
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