BIGY vs. RYLD

Last updated Jun 4, 2026

BIGY ( YieldMax Target 12™ Big 50 Option Income ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both exchange-traded funds - BIGY is a Derivative Income fund actively managed by YieldMax, while RYLD is a Hedge Fund fund tracking the CBOE Russell 2000 BuyWrite Index. BIGY is actively managed, while RYLD is passively managed. Over the past year, BIGY returned 25.59% vs 21.47% for RYLD. A 0.69 correlation means they provide meaningful diversification when combined. BIGY charges 0.99%/yr vs 0.60%/yr for RYLD.

Performance

BIGY vs. RYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Big 50 Option Income ETF (BIGY) 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, BIGY achieves a 6.66% return, which is significantly lower than RYLD's 8.33% return.

BIGY

• 1D: -0.54%
• 1M: 4.24%
• YTD: 6.66%
• 6M: 6.71%
• 1Y: 25.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

BIGY vs. RYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BIGY YieldMax Target 12™ Big 50 Option Income ETF	6.66%	19.14%	0.22%
RYLD Global X Russell 2000 Covered Call ETF	8.33%	5.65%	-0.15%

Correlation

The correlation between BIGY and RYLD is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024	0.69

The correlation between BIGY and RYLD has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

BIGY vs. RYLD - Sectors Allocation Comparison

Sectors	BIGY	RYLD
Technology	34.5%	16.8%
Communication Services	12.1%	2.5%
Financial Services	11.8%	104.9%
Consumer Defensive	11.4%	2.4%
Healthcare	10.8%	16.5%
Consumer Cyclical	10.2%	8.4%
Energy	4.5%	6.2%
Industrials	4.4%	17.5%
Basic Materials	-	4.8%
Real Estate	-	6.2%
Utilities	-	2.9%

Return for Risk

BIGY vs. RYLD — Risk / Return Rank

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

BIGY

BIGY Risk / Return Rank: 69
BIGY Sharpe Ratio Rank: 73
BIGY Sortino Ratio Rank: 71
BIGY Omega Ratio Rank: 73
BIGY Calmar Ratio Rank: 61
BIGY Martin Ratio Rank: 65

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.

BIGY vs. RYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Big 50 Option Income ETF (BIGY) 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.

	BIGY	RYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.03	+0.38
Sortino ratio: Return per unit of downside risk	3.30	2.86	+0.44
Omega ratio: Gain probability vs. loss probability	1.44	1.42	+0.02
Calmar ratio: Return relative to maximum drawdown	3.08	3.43	-0.35
Martin ratio: Return relative to average drawdown	12.09	13.86	-1.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIGY vs. RYLD - Sharpe Ratio Comparison

The current BIGY Sharpe Ratio is 2.41, which is comparable to the RYLD Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of BIGY 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

	BIGY	RYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.03	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.32	+0.72

Drawdowns

BIGY vs. RYLD - Drawdown Comparison

The maximum BIGY drawdown since its inception was -18.93%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for BIGY and RYLD.

Drawdown Indicators

	BIGY	RYLD	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-41.53%	+22.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-6.29%	-2.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.33%	—
Current Drawdown Current decline from peak	-0.54%	-0.19%	-0.35%
Average Drawdown Average peak-to-trough decline	-2.56%	-8.84%	+6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.55%	+0.57%

Volatility

BIGY vs. RYLD - Volatility Comparison

YieldMax Target 12™ Big 50 Option Income ETF (BIGY) has a higher volatility of 2.38% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.02%. This indicates that BIGY'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

	BIGY	RYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	2.02%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	7.60%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	10.67%	10.67%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	14.03%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	17.20%	-0.42%

BIGY vs. RYLD - Expense Ratio Comparison

BIGY has a 0.99% expense ratio, which is higher than RYLD's 0.60% expense ratio.

Dividends

BIGY vs. RYLD - Dividend Comparison

BIGY's dividend yield for the trailing twelve months is around 12.60%, more than RYLD's 11.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BIGY YieldMax Target 12™ Big 50 Option Income ETF	12.60%	12.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RYLD Global X Russell 2000 Covered Call ETF	11.65%	12.00%	12.03%	12.64%	13.49%	12.35%	10.76%	6.43%

Frequently Asked Questions

Can I hold both BIGY and RYLD in my portfolio?

BIGY and RYLD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIGY or RYLD?

BIGY has higher volatility (2.38%) compared to RYLD (2.02%). In terms of maximum drawdown, BIGY dropped -18.93% vs RYLD's -41.53%.

Which ETF is better, BIGY or RYLD?

On 1-year performance, BIGY leads with 25.59% vs 21.47% for RYLD. On fees, RYLD is cheaper at 0.60% per year. On volatility, RYLD has been the lower-risk option at 2.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BIGY or RYLD?

Over the 1-year period, BIGY has performed better with a 25.59% return vs 21.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BIGY or RYLD?

RYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for BIGY.

Which ETF pays a higher dividend yield, BIGY or RYLD?

BIGY has the higher dividend yield at 12.60%, compared with 11.65% for RYLD.

What is the main difference between BIGY and RYLD?

BIGY is categorized as Derivative Income, while RYLD is Hedge Fund. They also come from different issuers: YieldMax and Global X. Their fees differ too: 0.99% for BIGY and 0.60% for RYLD.

Which has better risk-adjusted returns?

BIGY currently has the higher Sharpe Ratio (2.41 vs 2.03), 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.