PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
RWK vs. RYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RWK vs. RYLD

Last updated Jun 24, 2026

RWK (Invesco S&P MidCap 400 Revenue ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both exchange-traded funds - RWK is a Small Cap Blend Equities fund tracking the S&P MidCap 400 Revenue-Weighted Index, while RYLD is a Derivative Income fund tracking the CBOE Russell 2000 BuyWrite Index. Both are passively managed. Over the past 5 years, RWK returned 11.36%/yr vs 2.45%/yr for RYLD. Their correlation of 0.82 suggests significant overlap in exposure. RWK charges 0.39%/yr vs 0.60%/yr for RYLD.

Performance

RWK vs. RYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400 Revenue ETF (RWK) and Global X Russell 2000 Covered Call ETF (RYLD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, RWK achieves a 13.93% return, which is significantly higher than RYLD's 9.51% return.

RWK

1D
-0.34%
1M
3.57%
YTD
13.93%
6M
12.02%
1Y
26.41%
3Y*
17.49%
5Y*
11.36%
10Y*
13.12%

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)

RWK vs. RYLD - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
RWK
Invesco S&P MidCap 400 Revenue ETF		13.93%10.27%11.94%23.76%-8.19%34.31%11.06%5.27%
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 RWK and RYLD is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.72

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

0.81

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

0.83

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

0.82

The correlation between RWK and RYLD shifts across timeframes, from 0.72 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

RWK vs. RYLD - Sectors Allocation Comparison

Sectors
RWK
RYLD

Industrials

22.1%
18.0%

Consumer Cyclical

20.4%
8.0%

Technology

16.1%
19.0%

Financial Services

12.1%
15.5%

Consumer Defensive

10.4%
2.3%

Energy

5.0%
5.4%

Basic Materials

4.9%
4.7%

Healthcare

4.2%
16.3%

Real Estate

2.6%
5.9%

Utilities

1.6%
2.8%

Communication Services

0.7%
2.4%

Industrials

RWK
22.1%
RYLD
18.0%

Consumer Cyclical

RWK
20.4%
RYLD
8.0%

Technology

RWK
16.1%
RYLD
19.0%

Financial Services

RWK
12.1%
RYLD
15.5%

Consumer Defensive

RWK
10.4%
RYLD
2.3%

Energy

RWK
5.0%
RYLD
5.4%

Basic Materials

RWK
4.9%
RYLD
4.7%

Healthcare

RWK
4.2%
RYLD
16.3%

Real Estate

RWK
2.6%
RYLD
5.9%

Utilities

RWK
1.6%
RYLD
2.8%

Communication Services

RWK
0.7%
RYLD
2.4%

Compare stocks, funds, or ETFs

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

Invesco S&P MidCap 400 Revenue ETF

Global X Russell 2000 Covered Call ETF

Often compared with RWK:
RWK vs. RWJRWK vs. RFVRWK vs. XMHQRWK vs. XMVMRWK vs. PRNRWK vs. ONEYRWK vs. PRFZ
Often compared with RYLD:
RYLD vs. QYLDRYLD vs. XYLDRYLD vs. JEPIRYLD vs. IWMRYLD vs. SVOLRYLD vs. SCHDRYLD vs. QQQ

Return for Risk

RWK vs. RYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RWK
RWK Risk / Return Rank: 4848
Overall Rank
RWK Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
RWK Sortino Ratio Rank: 5151
Sortino Ratio Rank
RWK Omega Ratio Rank: 4444
Omega Ratio Rank
RWK Calmar Ratio Rank: 5151
Calmar Ratio Rank
RWK Martin Ratio Rank: 4848
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.

RWK vs. RYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 Revenue ETF (RWK) 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.

RWKRYLDDifference
Sharpe ratioReturn per unit of total volatility
1.58
1.96

-0.38

Sortino ratioReturn per unit of downside risk
2.39
2.76

-0.37

Omega ratioGain probability vs. loss probability

1.28

1.41

-0.13

Calmar ratioReturn relative to maximum drawdown

2.38

3.31

-0.93

Martin ratioReturn relative to average drawdown

7.64

13.37

-5.73

RWK vs. RYLD - Sharpe Ratio Comparison

The current RWK Sharpe Ratio is 1.58, which is comparable to the RYLD Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of RWK 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.

Loading charts...

Drawdowns

RWK vs. RYLD - Drawdown Comparison

The maximum RWK drawdown since its inception was -56.49%, which is greater than RYLD's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for RWK and RYLD.

Loading charts...

Drawdown Indicators

RWKRYLDDifference

Max Drawdown

Largest peak-to-trough decline

-56.49%

-41.53%

-14.96%

Max Drawdown (1Y)

Largest decline over 1 year

-11.14%

-6.29%

-4.85%

Max Drawdown (3Y)

Largest decline over 3 years

-24.58%

-19.05%

-5.53%

Max Drawdown (5Y)

Largest decline over 5 years

-24.58%

-21.33%

-3.25%

Max Drawdown (10Y)

Largest decline over 10 years

-46.20%

—

—

Current Drawdown

Current decline from peak

-1.79%

-0.50%

-1.29%

Average Drawdown

Average peak-to-trough decline

-7.53%

-8.78%

+1.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

1.55%

+1.91%

Volatility

RWK vs. RYLD - Volatility Comparison

Invesco S&P MidCap 400 Revenue ETF (RWK) has a higher volatility of 4.36% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.00%. This indicates that RWK'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.

Loading charts...

Volatility by Period

RWKRYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

2.00%

+2.36%

Volatility (6M)

Calculated over the trailing 6-month period

12.12%

7.80%

+4.32%

Volatility (1Y)

Calculated over the trailing 1-year period

16.82%

10.66%

+6.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.09%

14.05%

+7.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.93%

17.15%

+5.78%

RWK vs. RYLD - Expense Ratio Comparison

RWK has a 0.39% expense ratio, which is lower than RYLD's 0.60% expense ratio.

Dividends

RWK vs. RYLD - Dividend Comparison

RWK's dividend yield for the trailing twelve months is around 1.04%, less than RYLD's 11.73% yield.

PositionTTM20252024202320222021202020192018201720162015
RWK
Invesco S&P MidCap 400 Revenue ETF		1.04%1.25%1.11%1.05%1.18%0.85%0.96%1.09%1.22%0.99%1.30%0.92%
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

RWK and RYLD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RWK has higher volatility (4.36%) compared to RYLD (2.00%). In terms of maximum drawdown, RWK dropped -56.49% vs RYLD's -41.53%.

On 5-year performance, RWK leads with 11.36% vs 2.45% for RYLD. On fees, RWK is cheaper at 0.39% 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, RWK has performed better with a 11.36% return vs 2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RWK is cheaper with a 0.39% expense ratio, compared with 0.60% for RYLD.

RYLD has the higher dividend yield at 11.73%, compared with 1.04% for RWK.

RWK is categorized as Small Cap Blend Equities, while RYLD is Derivative Income. RWK tracks S&P MidCap 400 Revenue-Weighted Index, while RYLD tracks CBOE Russell 2000 BuyWrite Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.39% for RWK and 0.60% for RYLD.

RYLD currently has the higher Sharpe Ratio (1.96 vs 1.58), 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

Find the right allocation for RWK and RYLD

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