FTHI vs. RYLD
FTHI (First Trust BuyWrite Income ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both Derivative Income funds. FTHI is actively managed, while RYLD is passively managed. Over the past 5 years, FTHI returned 11.02%/yr vs 3.15%/yr for RYLD. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FTHI charges 0.85%/yr vs 0.60%/yr for RYLD.
Performance
FTHI vs. RYLD - Performance Comparison
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Returns By Period
In the year-to-date period, FTHI achieves a 5.42% return, which is significantly lower than RYLD's 12.29% return.
FTHI
- 1D
- 0.08%
- 1M
- 0.46%
- 6M
- 4.06%
- YTD
- 5.42%
- 1Y
- 13.20%
- 3Y*
- 13.23%
- 5Y*
- 11.02%
- 10Y*
- 8.29%
- ALL TIME*
- 7.65%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.68M | $20.77M | $17.60M | |
| $10.07M | $9.36M | $9.08M |
FTHI vs. RYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FTHI First Trust BuyWrite Income ETF | 5.42% | 11.03% | 19.02% | 20.72% | -4.37% | 13.95% | -7.13% | 7.08% |
RYLD Global X Russell 2000 Covered Call ETF | 12.29% | 5.65% | 10.13% | 0.27% | -13.03% | 22.13% | -0.44% | 8.86% |
Correlation
The correlation between FTHI and RYLD is 0.75, 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. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2019 | 0.75 |
The correlation between FTHI and RYLD has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
FTHI vs. RYLD — Risk / Return Rank
FTHI
RYLD
FTHI vs. RYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust BuyWrite Income ETF (FTHI) 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.
| FTHI | RYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.45 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.67 | -1.43 |
| Martin ratioReturn relative to average drawdown | 9.35 | 15.02 | -5.68 |
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Drawdowns
FTHI vs. RYLD - Drawdown Comparison
The maximum FTHI drawdown since its inception was -32.65%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for FTHI and RYLD.
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Drawdown Indicators
| FTHI | RYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.65% | -41.53% | +8.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -6.29% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -19.05% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | -21.33% | +4.63% |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.37% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -8.65% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.54% | -0.23% |
Volatility
FTHI vs. RYLD - Volatility Comparison
First Trust BuyWrite Income ETF (FTHI) has a higher volatility of 2.97% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.07%. This indicates that FTHI'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
| FTHI | RYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.07% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 7.73% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 10.67% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 13.97% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.17% | 17.04% | -2.87% |
FTHI vs. RYLD - Expense Ratio Comparison
FTHI has a 0.85% expense ratio, which is higher than RYLD's 0.60% expense ratio.
Dividends
FTHI vs. RYLD - Dividend Comparison
FTHI's dividend yield for the trailing twelve months is around 8.88%, less than RYLD's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHI First Trust BuyWrite Income ETF | 8.88% | 8.70% | 8.61% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.00% | 4.41% | 4.98% |
RYLD Global X Russell 2000 Covered Call ETF | 11.62% | 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
FTHI and RYLD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTHI has higher volatility (2.97%) compared to RYLD (2.07%). In terms of maximum drawdown, FTHI dropped -32.65% vs RYLD's -41.53%.
On 5-year performance, FTHI leads with 11.02% vs 3.15% for RYLD. On fees, RYLD is cheaper at 0.60% per year. 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.
Over the 5-year period, FTHI has performed better with a 11.02% return vs 3.15%. 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 0.85% for FTHI.
RYLD has the higher dividend yield at 11.62%, compared with 8.88% for FTHI.
They also come from different issuers: First Trust and Global X. Their fees differ too: 0.85% for FTHI and 0.60% for RYLD.
RYLD currently has the higher Sharpe Ratio (2.17 vs 1.29), 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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