RYLD vs. ^TNX
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and Treasury Yield 10 Years (^TNX).
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: RYLD or ^TNX.
Key characteristics
| RYLD | ^TNX | |
|---|---|---|
| YTD Return | 5.01% | -5.59% |
| 1Y Return | 3.82% | -14.88% |
| 3Y Return (Ann) | -2.63% | 42.11% |
| 5Y Return (Ann) | 2.99% | 13.95% |
| Sharpe Ratio | 0.43 | -0.58 |
| Daily Std Dev | 10.87% | 24.36% |
| Max Drawdown | -41.53% | -93.78% |
| Current Drawdown | -11.03% | -54.51% |
Correlation
The correlation between RYLD and ^TNX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RYLD vs. ^TNX - Performance Comparison
In the year-to-date period, RYLD achieves a 5.01% return, which is significantly higher than ^TNX's -5.59% 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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Risk-Adjusted Performance
RYLD vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
RYLD vs. ^TNX - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for RYLD and ^TNX. For additional features, visit the drawdowns tool.
Volatility
RYLD vs. ^TNX - Volatility Comparison
The current volatility for Global X Russell 2000 Covered Call ETF (RYLD) is 3.51%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.70%. This indicates that RYLD experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.