BLW vs. RYLD
BLW (BlackRock Limited Duration Income Trust) is a stock, while RYLD (Global X Russell 2000 Covered Call ETF) is Derivative Income fund tracking the CBOE Russell 2000 BuyWrite Index. Over the past 5 years, BLW returned 2.63%/yr vs 2.48%/yr for RYLD. At a 0.39 correlation, their price movements are largely independent.
Performance
BLW vs. RYLD - Performance Comparison
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Returns By Period
In the year-to-date period, BLW achieves a -5.99% return, which is significantly lower than RYLD's 9.72% return.
BLW
- 1D
- -0.08%
- 1M
- -0.61%
- YTD
- -5.99%
- 6M
- -6.13%
- 1Y
- -3.43%
- 3Y*
- 8.64%
- 5Y*
- 2.63%
- 10Y*
- 6.31%
RYLD
- 1D
- 0.19%
- 1M
- 2.32%
- YTD
- 9.72%
- 6M
- 8.44%
- 1Y
- 20.23%
- 3Y*
- 8.79%
- 5Y*
- 2.48%
- 10Y*
- —
BLW vs. RYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BLW BlackRock Limited Duration Income Trust | -5.99% | 7.17% | 11.06% | 17.29% | -15.92% | 13.52% | 5.36% | 16.67% |
RYLD Global X Russell 2000 Covered Call ETF | 9.72% | 5.65% | 10.13% | 0.27% | -13.03% | 22.13% | -0.44% | 8.86% |
Correlation
The correlation between BLW and RYLD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2019 | 0.39 |
The correlation between BLW and RYLD shifts across timeframes, from 0.29 (3 years) to 0.39 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BLW vs. RYLD — Risk / Return Rank
BLW
RYLD
BLW vs. RYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Limited Duration Income Trust (BLW) 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.
| BLW | RYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.40 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 3.23 | -3.54 |
| Martin ratioReturn relative to average drawdown | -0.87 | 13.04 | -13.91 |
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Drawdowns
BLW vs. RYLD - Drawdown Comparison
The maximum BLW drawdown since its inception was -44.13%, which is greater than RYLD's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for BLW and RYLD.
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Drawdown Indicators
| BLW | RYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.13% | -41.53% | -2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -6.29% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -19.05% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -21.33% | -4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | — | — |
Current DrawdownCurrent decline from peak | -8.00% | -0.32% | -7.68% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -8.77% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 1.55% | +2.41% |
Volatility
BLW vs. RYLD - Volatility Comparison
BlackRock Limited Duration Income Trust (BLW) and Global X Russell 2000 Covered Call ETF (RYLD) have volatilities of 1.98% and 2.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLW | RYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 2.00% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.04% | 7.75% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 10.65% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.32% | 14.05% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 17.15% | -2.55% |
Dividends
BLW vs. RYLD - Dividend Comparison
BLW's dividend yield for the trailing twelve months is around 11.08%, less than RYLD's 11.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLW BlackRock Limited Duration Income Trust | 11.08% | 9.89% | 9.39% | 8.63% | 8.26% | 6.99% | 7.39% | 6.27% | 7.14% | 6.24% | 9.68% | 8.26% |
RYLD Global X Russell 2000 Covered Call ETF | 11.71% | 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
BLW and RYLD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYLD has higher volatility (2.00%) compared to BLW (1.98%). In terms of maximum drawdown, BLW dropped -44.13% vs RYLD's -41.53%.
RYLD currently has the higher Sharpe Ratio (1.91 vs -0.43), 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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