DFMC vs. RYLD

Last updated Jun 25, 2026

DFMC (Dimensional US Micro Cap Portfolio ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both exchange-traded funds - DFMC is a Small Cap Blend Equities fund actively managed by Dimensional Fund Advisors, while RYLD is a Derivative Income fund tracking the CBOE Russell 2000 BuyWrite Index. DFMC is actively managed, while RYLD is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. DFMC charges 0.41%/yr vs 0.60%/yr for RYLD.

Performance

DFMC vs. RYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Micro Cap Portfolio ETF (DFMC) and Global X Russell 2000 Covered Call ETF (RYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFMC

• 1D: 1.03%
• 1M: 6.12%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RYLD

• 1D: 0.19%
• 1M: 2.32%
• YTD: 9.72%
• 6M: 8.44%
• 1Y: 20.23%
• 3Y*: 8.79%
• 5Y*: 2.48%
• 10Y*: —

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

DFMC vs. RYLD - Yearly Performance Comparison

	2026 (YTD)
DFMC Dimensional US Micro Cap Portfolio ETF	18.84%
RYLD Global X Russell 2000 Covered Call ETF	11.09%

Correlation

The correlation between DFMC and RYLD is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 23, 2026	0.80

Return for Risk

DFMC vs. RYLD — Risk / Return Rank

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

DFMC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

RYLD

RYLD Risk / Return Rank: 71
RYLD Sharpe Ratio Rank: 65
RYLD Sortino Ratio Rank: 66
RYLD Omega Ratio Rank: 76
RYLD Calmar Ratio Rank: 71
RYLD Martin Ratio Rank: 76

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.

DFMC vs. RYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Micro Cap Portfolio ETF (DFMC) 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.

	DFMC	RYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.70	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.23	—
Martin ratio: Return relative to average drawdown	—	13.04	—

Drawdowns

DFMC vs. RYLD - Drawdown Comparison

The maximum DFMC drawdown since its inception was -4.29%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for DFMC and RYLD.

Drawdown Indicators

	DFMC	RYLD	Difference
Max Drawdown Largest peak-to-trough decline	-4.29%	-41.53%	+37.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.29%	—
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	0.00%	-0.32%	+0.32%
Average Drawdown Average peak-to-trough decline	-0.73%	-8.77%	+8.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.55%	—

Volatility

Volatility by Period

	DFMC	RYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	10.65%	+5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	14.05%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	17.15%	-1.02%

DFMC vs. RYLD - Expense Ratio Comparison

DFMC has a 0.41% expense ratio, which is lower than RYLD's 0.60% expense ratio.

Dividends

DFMC vs. RYLD - Dividend Comparison

DFMC has not paid dividends to shareholders, while RYLD's dividend yield for the trailing twelve months is around 11.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DFMC Dimensional US Micro Cap Portfolio ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RYLD Global X Russell 2000 Covered Call ETF	11.71%	12.00%	12.03%	12.64%	13.49%	12.35%	10.76%	6.43%

Frequently Asked Questions

Can I hold both DFMC and RYLD in my portfolio?

DFMC and RYLD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFMC or RYLD?

On fees, DFMC is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFMC or RYLD?

DFMC is cheaper with a 0.41% expense ratio, compared with 0.60% for RYLD.

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

RYLD has the higher dividend yield at 11.71%, compared with 0.00% for DFMC.

What is the main difference between DFMC and RYLD?

DFMC is categorized as Small Cap Blend Equities, while RYLD is Derivative Income. They also come from different issuers: Dimensional Fund Advisors and Global X. Their fees differ too: 0.41% for DFMC and 0.60% for RYLD.