RYLD vs. COWZ
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and Pacer US Cash Cows 100 ETF (COWZ).
RYLD and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. COWZ is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer US Cash Cows 100 Index. It was launched on Dec 16, 2016. Both RYLD and COWZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYLD or COWZ.
Key characteristics
| RYLD | COWZ | |
|---|---|---|
| YTD Return | 1.36% | 7.31% |
| 1Y Return | 4.05% | 22.88% |
| 3Y Return (Ann) | -2.01% | 11.84% |
| 5Y Return (Ann) | 3.02% | 15.93% |
| Sharpe Ratio | 0.30 | 1.77 |
| Daily Std Dev | 10.09% | 13.53% |
| Max Drawdown | -41.53% | -38.63% |
| Current Drawdown | -14.12% | -4.41% |
Correlation
The correlation between RYLD and COWZ is 0.77, 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.
Performance
RYLD vs. COWZ - Performance Comparison
In the year-to-date period, RYLD achieves a 1.36% return, which is significantly lower than COWZ's 7.31% 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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RYLD vs. COWZ - Expense Ratio Comparison
RYLD has a 0.60% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
RYLD vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and Pacer US Cash Cows 100 ETF (COWZ). 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.
Dividends
RYLD vs. COWZ - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 12.42%, more than COWZ's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 12.42% | 12.64% | 13.50% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% |
COWZ Pacer US Cash Cows 100 ETF | 1.86% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% |
Drawdowns
RYLD vs. COWZ - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for RYLD and COWZ. For additional features, visit the drawdowns tool.
Volatility
RYLD vs. COWZ - Volatility Comparison
The current volatility for Global X Russell 2000 Covered Call ETF (RYLD) is 2.63%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 2.98%. This indicates that RYLD experiences smaller price fluctuations and is considered to be less risky than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.