RYLD vs. SVOL
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and Simplify Volatility Premium ETF (SVOL).
RYLD and SVOL 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. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYLD or SVOL.
Correlation
The correlation between RYLD and SVOL is 0.71, 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. SVOL - Performance Comparison
Key characteristics
RYLD:
0.05
SVOL:
-0.40
RYLD:
0.19
SVOL:
-0.39
RYLD:
1.03
SVOL:
0.93
RYLD:
0.04
SVOL:
-0.39
RYLD:
0.18
SVOL:
-1.76
RYLD:
4.41%
SVOL:
7.44%
RYLD:
17.17%
SVOL:
32.64%
RYLD:
-41.53%
SVOL:
-33.50%
RYLD:
-13.90%
SVOL:
-21.41%
Returns By Period
In the year-to-date period, RYLD achieves a -7.72% return, which is significantly higher than SVOL's -17.38% return.
RYLD
-7.72%
-4.88%
-4.32%
0.01%
8.42%
N/A
SVOL
-17.38%
-13.97%
-17.01%
-13.92%
N/A
N/A
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RYLD vs. SVOL - Expense Ratio Comparison
RYLD has a 0.60% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
RYLD vs. SVOL — Risk-Adjusted Performance Rank
RYLD
SVOL
RYLD vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 13.36%, less than SVOL's 20.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 13.36% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% |
SVOL Simplify Volatility Premium ETF | 20.59% | 16.79% | 16.37% | 18.32% | 4.65% | 0.00% | 0.00% |
Drawdowns
RYLD vs. SVOL - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for RYLD and SVOL. For additional features, visit the drawdowns tool.
Volatility
RYLD vs. SVOL - Volatility Comparison
The current volatility for Global X Russell 2000 Covered Call ETF (RYLD) is 12.57%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 27.51%. This indicates that RYLD experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.