RYLD vs. VOO
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and Vanguard S&P 500 ETF (VOO).
RYLD and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both RYLD and VOO 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 VOO.
Performance
RYLD vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, RYLD achieves a 8.26% return, which is significantly lower than VOO's 25.02% return.
RYLD
8.26%
0.46%
5.34%
10.91%
3.24%
N/A
VOO
25.02%
0.63%
11.74%
32.35%
15.50%
13.11%
Key characteristics
| RYLD | VOO | |
|---|---|---|
| Sharpe Ratio | 1.12 | 2.67 |
| Sortino Ratio | 1.63 | 3.56 |
| Omega Ratio | 1.22 | 1.50 |
| Calmar Ratio | 0.64 | 3.85 |
| Martin Ratio | 6.72 | 17.51 |
| Ulcer Index | 1.70% | 1.86% |
| Daily Std Dev | 10.23% | 12.23% |
| Max Drawdown | -41.53% | -33.99% |
| Current Drawdown | -8.28% | -1.76% |
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RYLD vs. VOO - Expense Ratio Comparison
RYLD has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between RYLD and VOO 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.
Risk-Adjusted Performance
RYLD vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 12.01%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 12.01% | 12.65% | 13.50% | 12.35% | 10.77% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
RYLD vs. VOO - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RYLD and VOO. For additional features, visit the drawdowns tool.
Volatility
RYLD vs. VOO - Volatility Comparison
Global X Russell 2000 Covered Call ETF (RYLD) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.92% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.