RDTY vs. IWM

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) and iShares Russell 2000 ETF (IWM).

RDTY and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RDTY is an actively managed fund by YieldMax. It was launched on Mar 5, 2025. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.

Performance

RDTY vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

RDTY vs. IWM - Yearly Performance Comparison

	2026 (YTD)	2025
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	0.56%	10.73%
IWM iShares Russell 2000 ETF	0.93%	21.26%

Returns By Period

In the year-to-date period, RDTY achieves a 0.56% return, which is significantly lower than IWM's 0.93% return.

RDTY

• 1D: 2.45%
• 1M: -5.73%
• YTD: 0.56%
• 6M: 0.26%
• 1Y: 13.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWM

• 1D: 3.50%
• 1M: -4.96%
• YTD: 0.93%
• 6M: 3.02%
• 1Y: 25.66%
• 3Y*: 12.94%
• 5Y*: 3.34%
• 10Y*: 9.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDTY vs. IWM - Expense Ratio Comparison

RDTY has a 1.01% expense ratio, which is higher than IWM's 0.19% expense ratio.

RDTY

YieldMax™ R2000 0DTE Covered Call Strategy ETF

IWM

iShares Russell 2000 ETF

Return for Risk

RDTY vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDTY

RDTY Risk / Return Rank: 35
RDTY Sharpe Ratio Rank: 33
RDTY Sortino Ratio Rank: 34
RDTY Omega Ratio Rank: 35
RDTY Calmar Ratio Rank: 37
RDTY Martin Ratio Rank: 37

IWM

IWM Risk / Return Rank: 69
IWM Sharpe Ratio Rank: 67
IWM Sortino Ratio Rank: 69
IWM Omega Ratio Rank: 61
IWM Calmar Ratio Rank: 75
IWM Martin Ratio Rank: 71

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.

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 ratio Return per unit of total volatility	0.60	1.11	-0.51
Sortino ratio Return per unit of downside risk	0.95	1.66	-0.71
Omega ratio Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	0.91	1.82	-0.91
Martin ratio Return relative to average drawdown	3.33	6.76	-3.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDTY vs. IWM - Sharpe Ratio Comparison

The current RDTY Sharpe Ratio is 0.60, which is lower than the IWM Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of RDTY and IWM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RDTY	IWM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	1.11	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.34	+0.13

Correlation

The correlation between RDTY and IWM is 0.92, 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.

Dividends

RDTY vs. IWM - Dividend Comparison

RDTY's dividend yield for the trailing twelve months is around 48.05%, more than IWM's 1.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	48.05%	36.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IWM iShares Russell 2000 ETF	1.02%	1.04%	1.15%	1.35%	1.48%	0.94%	1.04%	1.26%	1.40%	1.26%	1.38%	1.54%

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.

Drawdown Indicators

	RDTY	IWM	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-59.05%	+41.74%
Max Drawdown (1Y) Largest decline over 1 year	-14.25%	-13.74%	-0.51%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.13%	—
Current Drawdown Current decline from peak	-6.98%	-7.91%	+0.93%
Average Drawdown Average peak-to-trough decline	-2.96%	-10.83%	+7.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	3.70%	+0.22%

Volatility

RDTY vs. IWM - Volatility Comparison

The current volatility for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) is 6.40%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.47%. This indicates that RDTY experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTY	IWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	7.47%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	12.83%	14.47%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	22.66%	23.18%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.53%	22.55%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.53%	22.99%	-0.46%