DJIA vs. RYLD

Last updated Aug 2, 2026

DJIA (Global X Dow 30 Covered Call ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both Derivative Income funds from Global X - DJIA tracks the DJIA Cboe BuyWrite v2 Index while RYLD tracks the CBOE Russell 2000 BuyWrite Index. Both are passively managed. Over the past 3 years, DJIA returned 10.61%/yr vs 8.04%/yr for RYLD. Their 0.65 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.60% expense ratio.

Performance

DJIA vs. RYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call ETF (DJIA) 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, DJIA achieves a 7.17% return, which is significantly lower than RYLD's 12.29% return.

DJIA

• 1D: 0.54%
• 1M: 1.96%
• 6M: 5.45%
• YTD: 7.17%
• 1Y: 17.26%
• 3Y*: 10.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.68%

RYLD

• 1D: -0.19%
• 1M: 1.19%
• 6M: 10.16%
• YTD: 12.29%
• 1Y: 24.93%
• 3Y*: 8.04%
• 5Y*: 3.15%
• 10Y*: —
• ALL TIME*: 5.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DJIA Global X Dow 30 Covered Call ETF	$1.40M	$1.28M	$1.40M
RYLD Global X Russell 2000 Covered Call ETF	$10.07M	$9.36M	$9.08M

DJIA vs. RYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DJIA Global X Dow 30 Covered Call ETF	7.17%	9.11%	14.52%	9.15%	-1.07%
RYLD Global X Russell 2000 Covered Call ETF	12.29%	5.65%	10.13%	0.27%	-7.19%

Correlation

The correlation between DJIA and RYLD is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.65

The correlation between DJIA and RYLD has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

DJIA vs. RYLD - Sectors Allocation Comparison

Sectors	DJIA	RYLD
Financial Services	26.7%	17.8%
Industrials	18.9%	14.1%
Technology	16.1%	14.5%
Healthcare	13.2%	20.3%
Consumer Cyclical	10.3%	9.2%
Communication Services	5.2%	2.2%
Basic Materials	3.9%	4.4%
Consumer Defensive	3.9%	2.6%
Energy	1.9%	5.5%
Real Estate	-	6.8%
Utilities	-	2.8%

Return for Risk

DJIA vs. RYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DJIA

DJIA Risk / Return Rank: 80
DJIA Sharpe Ratio Rank: 88
DJIA Sortino Ratio Rank: 88
DJIA Omega Ratio Rank: 91
DJIA Calmar Ratio Rank: 64
DJIA Martin Ratio Rank: 68

RYLD

RYLD Risk / Return Rank: 90
RYLD Sharpe Ratio Rank: 89
RYLD Sortino Ratio Rank: 89
RYLD Omega Ratio Rank: 92
RYLD Calmar Ratio Rank: 89
RYLD Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DJIA vs. RYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) 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.

	DJIA	RYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.17	-0.05
Sortino ratio: Return per unit of downside risk	2.99	3.05	-0.07
Omega ratio: Gain probability vs. loss probability	1.43	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	2.21	3.67	-1.45
Martin ratio: Return relative to average drawdown	8.24	15.02	-6.78

DJIA vs. RYLD - Sharpe Ratio Comparison

The current DJIA Sharpe Ratio is 2.11, which is comparable to the RYLD Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of DJIA 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.

Drawdowns

DJIA vs. RYLD - Drawdown Comparison

The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for DJIA and RYLD.

Drawdown Indicators

	DJIA	RYLD	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-41.53%	+24.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-6.29%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-19.05%	+6.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.33%	—
Current Drawdown Current decline from peak	-0.13%	-0.37%	+0.24%
Average Drawdown Average peak-to-trough decline	-3.47%	-8.65%	+5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.54%	+0.43%

Volatility

DJIA vs. RYLD - Volatility Comparison

Global X Dow 30 Covered Call ETF (DJIA) has a higher volatility of 2.36% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.07%. This indicates that DJIA'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

	DJIA	RYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	2.07%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	6.47%	7.73%	-1.26%
Volatility (1Y) Calculated over the trailing 1-year period	7.68%	10.67%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.09%	13.97%	-2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.09%	17.04%	-5.95%

DJIA vs. RYLD - Expense Ratio Comparison

Both DJIA and RYLD have an expense ratio of 0.60%.

Dividends

DJIA vs. RYLD - Dividend Comparison

DJIA's dividend yield for the trailing twelve months is around 10.44%, less than RYLD's 11.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DJIA Global X Dow 30 Covered Call ETF	10.44%	10.60%	11.44%	7.16%	9.18%	0.00%	0.00%	0.00%
RYLD Global X Russell 2000 Covered Call ETF	11.62%	12.00%	12.03%	12.64%	13.49%	12.35%	10.76%	6.43%

Frequently Asked Questions

Can I hold both DJIA and RYLD in my portfolio?

DJIA and RYLD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJIA or RYLD?

DJIA has higher volatility (2.36%) compared to RYLD (2.07%). In terms of maximum drawdown, DJIA dropped -16.91% vs RYLD's -41.53%.

Which ETF is better, DJIA or RYLD?

On 3-year performance, DJIA leads with 10.61% vs 8.04% for RYLD. Both ETFs have the same 0.60% expense ratio. On volatility, RYLD has been the lower-risk option at 2.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJIA or RYLD?

Over the 3-year period, DJIA has performed better with a 10.61% return vs 8.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJIA or RYLD?

DJIA and RYLD have the same expense ratio: 0.60% per year.

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

RYLD has the higher dividend yield at 11.62%, compared with 10.44% for DJIA.

What is the main difference between DJIA and RYLD?

DJIA tracks DJIA Cboe BuyWrite v2 Index, while RYLD tracks CBOE Russell 2000 BuyWrite Index.

Which has better risk-adjusted returns?

RYLD currently has the higher Sharpe Ratio (2.17 vs 2.11), 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.