RYLD vs. TSLX
RYLD (Global X Russell 2000 Covered Call ETF) is Derivative Income fund tracking the CBOE Russell 2000 BuyWrite Index, while TSLX (Sixth Street Specialty Lending, Inc.) is a stock. Over the past 5 years, RYLD returned 3.43%/yr vs 5.35%/yr for TSLX. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
RYLD vs. TSLX - Performance Comparison
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Returns By Period
In the year-to-date period, RYLD achieves a 13.48% return, which is significantly higher than TSLX's -14.07% return.
RYLD
- 1D
- 1.06%
- 1M
- 2.27%
- 6M
- 10.40%
- YTD
- 13.48%
- 1Y
- 26.26%
- 3Y*
- 8.70%
- 5Y*
- 3.43%
- 10Y*
- —
- ALL TIME*
- 5.95%
TSLX
- 1D
- 3.26%
- 1M
- 2.49%
- 6M
- -12.62%
- YTD
- -14.07%
- 1Y
- -18.53%
- 3Y*
- 4.27%
- 5Y*
- 5.35%
- 10Y*
- 10.82%
- ALL TIME*
- 11.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.87M | $9.43M | $9.08M | |
| $7.37M | $8.57M | $12.29M |
RYLD vs. TSLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 13.48% | 5.65% | 10.13% | 0.27% | -13.03% | 22.13% | -0.44% | 8.86% |
TSLX Sixth Street Specialty Lending, Inc. | -14.07% | 11.52% | 8.83% | 35.29% | -16.37% | 32.33% | 9.77% | 14.01% |
Correlation
The correlation between RYLD and TSLX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2019 | 0.45 |
Over the past year, the correlation between RYLD and TSLX has dropped to 0.24 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
RYLD vs. TSLX — Risk / Return Rank
RYLD
TSLX
RYLD vs. TSLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and Sixth Street Specialty Lending, Inc. (TSLX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RYLD | TSLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.41 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.89 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | -0.66 | +4.85 |
| Martin ratioReturn relative to average drawdown | 17.17 | -1.09 | +18.27 |
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Drawdowns
RYLD vs. TSLX - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, smaller than the maximum TSLX drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for RYLD and TSLX.
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Drawdown Indicators
| RYLD | TSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -50.27% | +8.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -28.25% | +21.96% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -29.05% | +10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.33% | -29.05% | +7.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.27% | — |
Current DrawdownCurrent decline from peak | 0.00% | -22.39% | +22.39% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -9.28% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 16.95% | -15.42% |
Volatility
RYLD vs. TSLX - Volatility Comparison
The current volatility for Global X Russell 2000 Covered Call ETF (RYLD) is 2.30%, while Sixth Street Specialty Lending, Inc. (TSLX) has a volatility of 8.20%. This indicates that RYLD experiences smaller price fluctuations and is considered to be less risky than TSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYLD | TSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 8.20% | -5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 21.93% | -14.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 25.87% | -15.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 19.75% | -5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 21.68% | -4.64% |
Dividends
RYLD vs. TSLX - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 11.50%, more than TSLX's 10.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 11.50% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLX Sixth Street Specialty Lending, Inc. | 10.67% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
Frequently Asked Questions
RYLD and TSLX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLX has higher volatility (8.20%) compared to RYLD (2.30%). In terms of maximum drawdown, RYLD dropped -41.53% vs TSLX's -50.27%.
RYLD currently has the higher Sharpe Ratio (2.50 vs -0.72), 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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