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ISCB vs. RYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISCB vs. RYLD

Last updated Jun 24, 2026

ISCB (iShares Morningstar Small-Cap ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both exchange-traded funds - ISCB is a Small Cap Blend Equities fund tracking the Morningstar US Small Cap Extended Index, while RYLD is a Derivative Income fund tracking the CBOE Russell 2000 BuyWrite Index. Both are passively managed. Over the past 5 years, ISCB returned 5.91%/yr vs 2.45%/yr for RYLD. Their correlation of 0.87 suggests significant overlap in exposure. ISCB charges 0.04%/yr vs 0.60%/yr for RYLD.

Performance

ISCB vs. RYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Small-Cap ETF (ISCB) and Global X Russell 2000 Covered Call ETF (RYLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ISCB achieves a 13.15% return, which is significantly higher than RYLD's 9.51% return.

ISCB

1D
-0.39%
1M
2.62%
YTD
13.15%
6M
11.14%
1Y
29.94%
3Y*
17.02%
5Y*
5.91%
10Y*
9.82%

RYLD

1D
-0.50%
1M
2.12%
YTD
9.51%
6M
8.37%
1Y
20.74%
3Y*
8.72%
5Y*
2.45%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISCB vs. RYLD - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ISCB
iShares Morningstar Small-Cap ETF		13.15%12.46%10.90%19.51%-19.04%17.46%6.29%9.56%
RYLD
Global X Russell 2000 Covered Call ETF		9.51%5.65%10.13%0.27%-13.03%22.13%-0.44%8.86%

Correlation

The correlation between ISCB and RYLD is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Apr 22, 2019

0.87

The correlation between ISCB and RYLD has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

ISCB vs. RYLD - Sectors Allocation Comparison

Sectors
ISCB
RYLD

Industrials

18.5%
18.0%

Technology

16.0%
19.0%

Financial Services

15.6%
15.5%

Healthcare

13.5%
16.3%

Consumer Cyclical

11.4%
8.0%

Real Estate

8.1%
5.9%

Basic Materials

4.6%
4.7%

Energy

4.5%
5.4%

Consumer Defensive

3.2%
2.3%

Communication Services

2.6%
2.4%

Utilities

2.2%
2.8%

Industrials

ISCB
18.5%
RYLD
18.0%

Technology

ISCB
16.0%
RYLD
19.0%

Financial Services

ISCB
15.6%
RYLD
15.5%

Healthcare

ISCB
13.5%
RYLD
16.3%

Consumer Cyclical

ISCB
11.4%
RYLD
8.0%

Real Estate

ISCB
8.1%
RYLD
5.9%

Basic Materials

ISCB
4.6%
RYLD
4.7%

Energy

ISCB
4.5%
RYLD
5.4%

Consumer Defensive

ISCB
3.2%
RYLD
2.3%

Communication Services

ISCB
2.6%
RYLD
2.4%

Utilities

ISCB
2.2%
RYLD
2.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Morningstar Small-Cap ETF

Global X Russell 2000 Covered Call ETF

Often compared with ISCB:
ISCB vs. VBISCB vs. ISCGISCB vs. IJRISCB vs. SPSMISCB vs. IMCBISCB vs. IWMISCB vs. SCHA
Often compared with RYLD:
RYLD vs. QYLDRYLD vs. XYLDRYLD vs. JEPIRYLD vs. IWMRYLD vs. SVOLRYLD vs. SCHDRYLD vs. QQQ

Return for Risk

ISCB vs. RYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISCB
ISCB Risk / Return Rank: 6060
Overall Rank
ISCB Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
ISCB Sortino Ratio Rank: 5858
Sortino Ratio Rank
ISCB Omega Ratio Rank: 5252
Omega Ratio Rank
ISCB Calmar Ratio Rank: 6868
Calmar Ratio Rank
ISCB Martin Ratio Rank: 6767
Martin Ratio Rank
RYLD
RYLD Risk / Return Rank: 6868
Overall Rank
RYLD Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
RYLD Sortino Ratio Rank: 6262
Sortino Ratio Rank
RYLD Omega Ratio Rank: 7373
Omega Ratio Rank
RYLD Calmar Ratio Rank: 6969
Calmar Ratio Rank
RYLD Martin Ratio Rank: 7474
Martin Ratio Rank
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.

ISCB vs. RYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small-Cap ETF (ISCB) 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.

ISCBRYLDDifference
Sharpe ratioReturn per unit of total volatility
1.80
1.96

-0.16

Sortino ratioReturn per unit of downside risk
2.59
2.76

-0.17

Omega ratioGain probability vs. loss probability

1.31

1.41

-0.10

Calmar ratioReturn relative to maximum drawdown

3.20

3.31

-0.11

Martin ratioReturn relative to average drawdown

11.44

13.37

-1.93

ISCB vs. RYLD - Sharpe Ratio Comparison

The current ISCB Sharpe Ratio is 1.80, which is comparable to the RYLD Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of ISCB 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.

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Drawdowns

ISCB vs. RYLD - Drawdown Comparison

The maximum ISCB drawdown since its inception was -61.25%, which is greater than RYLD's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for ISCB and RYLD.

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Drawdown Indicators

ISCBRYLDDifference

Max Drawdown

Largest peak-to-trough decline

-61.25%

-41.53%

-19.72%

Max Drawdown (1Y)

Largest decline over 1 year

-9.39%

-6.29%

-3.10%

Max Drawdown (3Y)

Largest decline over 3 years

-26.22%

-19.05%

-7.17%

Max Drawdown (5Y)

Largest decline over 5 years

-29.94%

-21.33%

-8.61%

Max Drawdown (10Y)

Largest decline over 10 years

-44.18%

—

—

Current Drawdown

Current decline from peak

-0.71%

-0.50%

-0.21%

Average Drawdown

Average peak-to-trough decline

-9.78%

-8.78%

-1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

1.55%

+1.07%

Volatility

ISCB vs. RYLD - Volatility Comparison

iShares Morningstar Small-Cap ETF (ISCB) has a higher volatility of 4.52% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.00%. This indicates that ISCB'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

ISCBRYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.52%

2.00%

+2.52%

Volatility (6M)

Calculated over the trailing 6-month period

11.72%

7.80%

+3.92%

Volatility (1Y)

Calculated over the trailing 1-year period

16.73%

10.66%

+6.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.41%

14.05%

+7.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.67%

17.15%

+5.52%

ISCB vs. RYLD - Expense Ratio Comparison

ISCB has a 0.04% expense ratio, which is lower than RYLD's 0.60% expense ratio.

Dividends

ISCB vs. RYLD - Dividend Comparison

ISCB's dividend yield for the trailing twelve months is around 1.30%, less than RYLD's 11.73% yield.

PositionTTM20252024202320222021202020192018201720162015
ISCB
iShares Morningstar Small-Cap ETF		1.30%1.38%1.31%1.49%1.63%1.26%1.26%1.25%1.60%1.24%1.58%1.40%
RYLD
Global X Russell 2000 Covered Call ETF		11.73%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

ISCB and RYLD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ISCB has higher volatility (4.52%) compared to RYLD (2.00%). In terms of maximum drawdown, ISCB dropped -61.25% vs RYLD's -41.53%.

On 5-year performance, ISCB leads with 5.91% vs 2.45% for RYLD. On fees, ISCB is cheaper at 0.04% per year. On volatility, RYLD has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ISCB has performed better with a 5.91% return vs 2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCB is cheaper with a 0.04% expense ratio, compared with 0.60% for RYLD.

RYLD has the higher dividend yield at 11.73%, compared with 1.30% for ISCB.

ISCB is categorized as Small Cap Blend Equities, while RYLD is Derivative Income. ISCB tracks Morningstar US Small Cap Extended Index, while RYLD tracks CBOE Russell 2000 BuyWrite Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.04% for ISCB and 0.60% for RYLD.

RYLD currently has the higher Sharpe Ratio (1.96 vs 1.80), 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.

Portfolio Optimizer

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