RYLD vs. IWM
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and iShares Russell 2000 ETF (IWM).
RYLD and IWM 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. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both RYLD and IWM 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 IWM.
Key characteristics
| RYLD | IWM | |
|---|---|---|
| YTD Return | 2.55% | 3.94% |
| 1Y Return | 1.41% | 19.05% |
| 3Y Return (Ann) | -1.45% | -0.49% |
| 5Y Return (Ann) | 3.39% | 7.78% |
| Sharpe Ratio | 0.20 | 1.01 |
| Daily Std Dev | 9.42% | 19.56% |
| Max Drawdown | -41.53% | -59.05% |
| Current Drawdown | -13.12% | -11.19% |
Correlation
The correlation between RYLD and IWM is 0.88, 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. IWM - Performance Comparison
In the year-to-date period, RYLD achieves a 2.55% return, which is significantly lower than IWM's 3.94% 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. IWM - Expense Ratio Comparison
RYLD has a 0.60% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
RYLD vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and iShares Russell 2000 ETF (IWM). 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. IWM - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 12.28%, more than IWM's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 12.28% | 12.64% | 13.50% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.25% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
RYLD vs. IWM - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for RYLD and IWM. For additional features, visit the drawdowns tool.
Volatility
RYLD vs. IWM - Volatility Comparison
The current volatility for Global X Russell 2000 Covered Call ETF (RYLD) is 1.48%, while iShares Russell 2000 ETF (IWM) has a volatility of 4.44%. This indicates that RYLD experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.