HYLS vs. RYLD
Compare and contrast key facts about First Trust Tactical High Yield ETF (HYLS) and Global X Russell 2000 Covered Call ETF (RYLD).
HYLS and RYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLS is an actively managed fund by First Trust. It was launched on Feb 27, 2013. RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019.
Performance
HYLS vs. RYLD - Performance Comparison
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HYLS vs. RYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | -1.46% | 8.00% | 5.85% | 13.66% | -12.83% | 3.69% | 5.32% | 5.03% |
RYLD Global X Russell 2000 Covered Call ETF | 0.70% | 5.65% | 10.13% | 0.27% | -13.03% | 22.13% | -0.44% | 8.92% |
Returns By Period
In the year-to-date period, HYLS achieves a -1.46% return, which is significantly lower than RYLD's 0.70% return.
HYLS
- 1D
- 1.20%
- 1M
- -0.72%
- YTD
- -1.46%
- 6M
- -0.32%
- 1Y
- 5.53%
- 3Y*
- 7.27%
- 5Y*
- 2.66%
- 10Y*
- 4.38%
RYLD
- 1D
- 2.12%
- 1M
- -3.64%
- YTD
- 0.70%
- 6M
- 5.49%
- 1Y
- 11.70%
- 3Y*
- 6.08%
- 5Y*
- 2.21%
- 10Y*
- —
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HYLS vs. RYLD - Expense Ratio Comparison
HYLS has a 1.01% expense ratio, which is higher than RYLD's 0.60% expense ratio.
Return for Risk
HYLS vs. RYLD — Risk / Return Rank
HYLS
RYLD
HYLS vs. RYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Tactical High Yield ETF (HYLS) 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.
| HYLS | RYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.72 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.13 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.92 | +0.76 |
Martin ratioReturn relative to average drawdown | 6.97 | 4.48 | +2.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYLS | RYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.72 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.16 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.26 | +0.41 |
Correlation
The correlation between HYLS and RYLD is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYLS vs. RYLD - Dividend Comparison
HYLS's dividend yield for the trailing twelve months is around 6.69%, less than RYLD's 12.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 6.69% | 6.38% | 6.25% | 5.98% | 7.38% | 5.48% | 5.09% | 5.17% | 5.81% | 5.53% | 5.37% | 6.11% |
RYLD Global X Russell 2000 Covered Call ETF | 12.14% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYLS vs. RYLD - Drawdown Comparison
The maximum HYLS drawdown since its inception was -22.99%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for HYLS and RYLD.
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Drawdown Indicators
| HYLS | RYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.99% | -41.53% | +18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -12.33% | +9.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.75% | -21.33% | +5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | — | — |
Current DrawdownCurrent decline from peak | -1.93% | -4.31% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -9.04% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.53% | -1.73% |
Volatility
HYLS vs. RYLD - Volatility Comparison
The current volatility for First Trust Tactical High Yield ETF (HYLS) is 2.11%, while Global X Russell 2000 Covered Call ETF (RYLD) has a volatility of 5.25%. This indicates that HYLS experiences smaller price fluctuations and is considered to be less risky 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
| HYLS | RYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 5.25% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 9.08% | -6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 16.39% | -11.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 14.20% | -7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.70% | 17.38% | -10.68% |