RDTY vs. IWM
RDTY (YieldMax™ R2000 0DTE Covered Call Strategy ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - RDTY is a Derivative Income fund actively managed by YieldMax, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. RDTY is actively managed, while IWM is passively managed. Over the past year, RDTY returned 24.95% vs 39.10% for IWM. Their correlation of 0.91 suggests significant overlap in exposure. RDTY charges 1.01%/yr vs 0.19%/yr for IWM.
Performance
RDTY vs. IWM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RDTY achieves a 12.91% return, which is significantly lower than IWM's 17.07% return.
RDTY
- 1D
- -1.30%
- 1M
- 2.33%
- YTD
- 12.91%
- 6M
- 12.68%
- 1Y
- 24.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- -1.37%
- 1M
- 3.52%
- YTD
- 17.07%
- 6M
- 15.83%
- 1Y
- 39.10%
- 3Y*
- 17.88%
- 5Y*
- 6.11%
- 10Y*
- 10.93%
RDTY vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF | 12.91% | 10.73% |
IWM iShares Russell 2000 ETF | 17.07% | 21.26% |
Correlation
The correlation between RDTY and IWM is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | 0.91 |
The correlation between RDTY and IWM has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RDTY vs. IWM — Risk / Return Rank
RDTY
IWM
RDTY vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) and iShares Russell 2000 ETF (IWM). 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.
| RDTY | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 3.56 | -0.84 |
| Martin ratioReturn relative to average drawdown | 9.18 | 12.64 | -3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| RDTY | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.05 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.37 | +0.53 |
Drawdowns
RDTY vs. IWM - Drawdown Comparison
The maximum RDTY drawdown since its inception was -17.31%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for RDTY and IWM.
Loading charts...
Drawdown Indicators
| RDTY | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -59.05% | +41.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -11.03% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -1.30% | -1.49% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -10.77% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 3.10% | -0.38% |
Volatility
RDTY vs. IWM - Volatility Comparison
YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) has a higher volatility of 6.07% compared to iShares Russell 2000 ETF (IWM) at 5.75%. This indicates that RDTY's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RDTY | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.75% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 13.53% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 19.20% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.08% | 22.52% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.08% | 23.04% | -0.96% |
RDTY vs. IWM - Expense Ratio Comparison
RDTY has a 1.01% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
RDTY vs. IWM - Dividend Comparison
RDTY's dividend yield for the trailing twelve months is around 44.28%, more than IWM's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.88% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF | 44.28% | 36.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RDTY and IWM have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDTY has higher volatility (6.07%) compared to IWM (5.75%). In terms of maximum drawdown, RDTY dropped -17.31% vs IWM's -59.05%.
On 1-year performance, IWM leads with 39.10% vs 24.95% for RDTY. On fees, IWM is cheaper at 0.19% per year. On volatility, IWM has been the lower-risk option at 5.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWM has performed better with a 39.10% return vs 24.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 1.01% for RDTY.
RDTY has the higher dividend yield at 44.28%, compared with 0.88% for IWM.
RDTY is categorized as Derivative Income, while IWM is Small Cap Blend Equities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.01% for RDTY and 0.19% for IWM.
IWM currently has the higher Sharpe Ratio (2.05 vs 1.48), 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.
Find the right allocation for RDTY and IWM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer