RYLD vs. BRMKX
RYLD (Global X Russell 2000 Covered Call ETF) and BRMKX (iShares Russell Mid-Cap Index Fund) are both funds - RYLD is a Hedge Fund fund tracking the CBOE Russell 2000 BuyWrite Index, while BRMKX is a Mid Cap Blend Equities fund managed by BlackRock. Over the past 5 years, RYLD returned 2.69%/yr vs 8.37%/yr for BRMKX. Their correlation of 0.84 suggests significant overlap in exposure. RYLD charges 0.60%/yr vs 0.06%/yr for BRMKX.
Performance
RYLD vs. BRMKX - Performance Comparison
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Returns By Period
In the year-to-date period, RYLD achieves a 8.33% return, which is significantly lower than BRMKX's 12.81% return.
RYLD
- 1D
- -0.19%
- 1M
- 2.78%
- YTD
- 8.33%
- 6M
- 9.14%
- 1Y
- 21.47%
- 3Y*
- 7.45%
- 5Y*
- 2.69%
- 10Y*
- —
BRMKX
- 1D
- 0.69%
- 1M
- 4.12%
- YTD
- 12.81%
- 6M
- 12.55%
- 1Y
- 22.09%
- 3Y*
- 17.50%
- 5Y*
- 8.37%
- 10Y*
- 11.68%
RYLD vs. BRMKX - 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% |
BRMKX iShares Russell Mid-Cap Index Fund | 12.81% | 10.48% | 15.28% | 17.30% | -17.22% | 22.52% | 17.17% | 9.52% |
Correlation
The correlation between RYLD and BRMKX is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2019 | 0.84 |
The correlation between RYLD and BRMKX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
RYLD vs. BRMKX — Risk / Return Rank
RYLD
BRMKX
RYLD vs. BRMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and iShares Russell Mid-Cap Index Fund (BRMKX). 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 | BRMKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.87 | +0.56 |
| Martin ratioReturn relative to average drawdown | 13.86 | 11.07 | +2.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYLD | BRMKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.75 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.46 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.62 | -0.30 |
Drawdowns
RYLD vs. BRMKX - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, roughly equal to the maximum BRMKX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for RYLD and BRMKX.
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Drawdown Indicators
| RYLD | BRMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -40.20% | -1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -8.17% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -21.07% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.33% | -26.04% | +4.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -0.19% | 0.00% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -5.65% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.11% | -0.56% |
Volatility
RYLD vs. BRMKX - Volatility Comparison
The current volatility for Global X Russell 2000 Covered Call ETF (RYLD) is 2.02%, while iShares Russell Mid-Cap Index Fund (BRMKX) has a volatility of 3.31%. This indicates that RYLD experiences smaller price fluctuations and is considered to be less risky than BRMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYLD | BRMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 3.31% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 9.93% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.67% | 13.42% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 18.24% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 19.32% | -2.12% |
RYLD vs. BRMKX - Expense Ratio Comparison
RYLD has a 0.60% expense ratio, which is higher than BRMKX's 0.06% expense ratio.
Dividends
RYLD vs. BRMKX - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 11.65%, more than BRMKX's 5.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BRMKX iShares Russell Mid-Cap Index Fund | 5.28% | 5.92% | 6.43% | 3.02% | 3.67% | 4.07% | 2.86% | 3.95% | 3.87% | 19.24% | 2.11% |
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% |
Frequently Asked Questions
RYLD and BRMKX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRMKX has higher volatility (3.31%) compared to RYLD (2.02%). In terms of maximum drawdown, RYLD dropped -41.53% vs BRMKX's -40.20%.
RYLD currently has the higher Sharpe Ratio (2.03 vs 1.75), 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.
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