ICAP vs. RYLD
Compare and contrast key facts about InfraCap Equity Income Fund ETF (ICAP) and Global X Russell 2000 Covered Call ETF (RYLD).
ICAP and RYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICAP is an actively managed fund by InfraCap. It was launched on Dec 28, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICAP or RYLD.
Key characteristics
| ICAP | RYLD | |
|---|---|---|
| YTD Return | 5.40% | 2.92% |
| 1Y Return | 23.44% | 2.22% |
| Sharpe Ratio | 1.66 | 0.43 |
| Daily Std Dev | 15.52% | 9.59% |
| Max Drawdown | -24.20% | -41.53% |
| Current Drawdown | -2.25% | -12.80% |
Correlation
The correlation between ICAP and RYLD is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ICAP vs. RYLD - Performance Comparison
In the year-to-date period, ICAP achieves a 5.40% return, which is significantly higher than RYLD's 2.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ICAP vs. RYLD - Expense Ratio Comparison
ICAP has a 0.80% expense ratio, which is higher than RYLD's 0.60% expense ratio.
Risk-Adjusted Performance
ICAP vs. RYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap Equity Income Fund ETF (ICAP) 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.
Dividends
ICAP vs. RYLD - Dividend Comparison
ICAP's dividend yield for the trailing twelve months is around 8.45%, less than RYLD's 12.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
ICAP InfraCap Equity Income Fund ETF | 8.45% | 8.65% | 8.95% | 0.00% | 0.00% | 0.00% |
RYLD Global X Russell 2000 Covered Call ETF | 12.24% | 12.64% | 13.50% | 12.35% | 10.76% | 6.43% |
Drawdowns
ICAP vs. RYLD - Drawdown Comparison
The maximum ICAP drawdown since its inception was -24.20%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for ICAP and RYLD. For additional features, visit the drawdowns tool.
Volatility
ICAP vs. RYLD - Volatility Comparison
InfraCap Equity Income Fund ETF (ICAP) has a higher volatility of 3.19% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 1.41%. This indicates that ICAP'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.