RYLD vs. SMDV
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and ProShares Russell 2000 Dividend Growers ETF (SMDV).
RYLD and SMDV 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. SMDV is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Dividend Growth Index. It was launched on Feb 5, 2015. Both RYLD and SMDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RYLD vs. SMDV - Performance Comparison
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RYLD vs. SMDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 1.10% | 5.65% | 10.13% | 0.27% | -13.03% | 22.13% | -0.44% | 8.92% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 5.41% | 0.26% | 7.03% | 8.99% | -5.90% | 18.98% | -4.74% | 7.79% |
Returns By Period
In the year-to-date period, RYLD achieves a 1.10% return, which is significantly lower than SMDV's 5.41% return.
RYLD
- 1D
- 0.40%
- 1M
- -3.62%
- YTD
- 1.10%
- 6M
- 5.56%
- 1Y
- 12.15%
- 3Y*
- 6.22%
- 5Y*
- 2.30%
- 10Y*
- —
SMDV
- 1D
- 0.73%
- 1M
- -3.74%
- YTD
- 5.41%
- 6M
- 5.80%
- 1Y
- 8.17%
- 3Y*
- 7.24%
- 5Y*
- 3.74%
- 10Y*
- 7.16%
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RYLD vs. SMDV - Expense Ratio Comparison
RYLD has a 0.60% expense ratio, which is higher than SMDV's 0.40% expense ratio.
Return for Risk
RYLD vs. SMDV — Risk / Return Rank
RYLD
SMDV
RYLD vs. SMDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and ProShares Russell 2000 Dividend Growers ETF (SMDV). 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 | SMDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.45 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.17 | 0.79 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.10 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.77 | +0.22 |
Martin ratioReturn relative to average drawdown | 4.78 | 2.24 | +2.54 |
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 | SMDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.45 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.20 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.37 | -0.11 |
Correlation
The correlation between RYLD and SMDV is 0.73, 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.
Dividends
RYLD vs. SMDV - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 12.09%, more than SMDV's 2.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 12.09% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.50% | 2.67% | 2.68% | 2.69% | 2.51% | 2.02% | 2.13% | 2.03% | 1.97% | 1.84% | 1.35% | 1.81% |
Drawdowns
RYLD vs. SMDV - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, which is greater than SMDV's maximum drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for RYLD and SMDV.
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Drawdown Indicators
| RYLD | SMDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -34.12% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -10.94% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.33% | -21.23% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.12% | — |
Current DrawdownCurrent decline from peak | -3.92% | -5.79% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -5.99% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 3.75% | -1.21% |
Volatility
RYLD vs. SMDV - Volatility Comparison
Global X Russell 2000 Covered Call ETF (RYLD) has a higher volatility of 5.22% compared to ProShares Russell 2000 Dividend Growers ETF (SMDV) at 4.34%. This indicates that RYLD's price experiences larger fluctuations and is considered to be riskier than SMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYLD | SMDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 4.34% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 10.68% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 18.25% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 18.71% | -4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.38% | 20.71% | -3.33% |