RYLD vs. ARR

Last updated Jun 4, 2026

RYLD (Global X Russell 2000 Covered Call ETF) is Hedge Fund fund tracking the CBOE Russell 2000 BuyWrite Index, while ARR (ARMOUR Residential REIT, Inc.) is a stock. Over the past 5 years, RYLD returned 2.69%/yr vs -8.20%/yr for ARR. At a 0.49 correlation, their price movements are largely independent.

Performance

RYLD vs. ARR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Russell 2000 Covered Call ETF (RYLD) and ARMOUR Residential REIT, Inc. (ARR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYLD achieves a 8.33% return, which is significantly higher than ARR's 3.25% return.

RYLD

• 1D: -0.19%
• 1M: 2.78%
• YTD: 8.33%
• 6M: 9.14%
• 1Y: 21.47%
• 3Y*: 7.45%
• 5Y*: 2.69%
• 10Y*: —

ARR

• 1D: -1.10%
• 1M: 0.11%
• YTD: 3.25%
• 6M: 5.75%
• 1Y: 23.59%
• 3Y*: 3.67%
• 5Y*: -8.20%
• 10Y*: -3.92%

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

RYLD vs. ARR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RYLD Global X Russell 2000 Covered Call ETF	8.33%	5.65%	10.13%	0.27%	-13.03%	22.13%	-0.44%	8.92%
ARR ARMOUR Residential REIT, Inc.	3.25%	11.69%	13.17%	-15.43%	-32.01%	1.11%	-33.13%	-2.94%

Correlation

The correlation between RYLD and ARR is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 23, 2019	0.49

Return for Risk

RYLD vs. ARR — Risk / Return Rank

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

RYLD

RYLD Risk / Return Rank: 66
RYLD Sharpe Ratio Rank: 59
RYLD Sortino Ratio Rank: 59
RYLD Omega Ratio Rank: 69
RYLD Calmar Ratio Rank: 68
RYLD Martin Ratio Rank: 73

ARR

ARR Risk / Return Rank: 67
ARR Sharpe Ratio Rank: 71
ARR Sortino Ratio Rank: 63
ARR Omega Ratio Rank: 64
ARR Calmar Ratio Rank: 67
ARR 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.

RYLD vs. ARR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and ARMOUR Residential REIT, Inc. (ARR). 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.

	RYLD	ARR	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.02	+1.01
Sortino ratio: Return per unit of downside risk	2.86	1.40	+1.45
Omega ratio: Gain probability vs. loss probability	1.42	1.19	+0.23
Calmar ratio: Return relative to maximum drawdown	3.43	1.41	+2.02
Martin ratio: Return relative to average drawdown	13.86	3.97	+9.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYLD vs. ARR - Sharpe Ratio Comparison

The current RYLD Sharpe Ratio is 2.03, which is higher than the ARR Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of RYLD and ARR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYLD	ARR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	1.02	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	-0.28	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	-0.11	+0.42

Drawdowns

RYLD vs. ARR - Drawdown Comparison

The maximum RYLD drawdown since its inception was -41.53%, smaller than the maximum ARR drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for RYLD and ARR.

Drawdown Indicators

	RYLD	ARR	Difference
Max Drawdown Largest peak-to-trough decline	-41.53%	-80.12%	+38.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	-16.79%	+10.50%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-45.79%	+26.74%
Max Drawdown (5Y) Largest decline over 5 years	-21.33%	-66.68%	+45.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-78.34%	—
Current Drawdown Current decline from peak	-0.19%	-61.49%	+61.30%
Average Drawdown Average peak-to-trough decline	-8.84%	-33.12%	+24.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	5.95%	-4.40%

Volatility

RYLD vs. ARR - Volatility Comparison

The current volatility for Global X Russell 2000 Covered Call ETF (RYLD) is 2.02%, while ARMOUR Residential REIT, Inc. (ARR) has a volatility of 5.11%. This indicates that RYLD experiences smaller price fluctuations and is considered to be less risky than ARR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYLD	ARR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.02%	5.11%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	18.00%	-10.40%
Volatility (1Y) Calculated over the trailing 1-year period	10.67%	23.43%	-12.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	29.04%	-15.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.20%	34.21%	-17.01%

Dividends

RYLD vs. ARR - Dividend Comparison

RYLD's dividend yield for the trailing twelve months is around 11.65%, less than ARR's 16.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARR ARMOUR Residential REIT, Inc.	16.87%	16.28%	15.27%	25.88%	21.31%	12.23%	11.12%	12.09%	11.12%	8.86%	13.92%	17.88%
RYLD Global X Russell 2000 Covered Call ETF	11.65%	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

Can I hold both RYLD and ARR in my portfolio?

RYLD and ARR have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYLD or ARR?

ARR has higher volatility (5.11%) compared to RYLD (2.02%). In terms of maximum drawdown, RYLD dropped -41.53% vs ARR's -80.12%.

Which has better risk-adjusted returns?

RYLD currently has the higher Sharpe Ratio (2.03 vs 1.02), 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.