RYLD vs. XYLD
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and Global X S&P 500 Covered Call ETF (XYLD).
RYLD and XYLD 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. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013. Both RYLD and XYLD 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 XYLD.
Key characteristics
| RYLD | XYLD | |
|---|---|---|
| YTD Return | 1.86% | 4.72% |
| 1Y Return | 3.44% | 9.13% |
| 3Y Return (Ann) | -1.94% | 4.65% |
| 5Y Return (Ann) | 3.12% | 5.64% |
| Sharpe Ratio | 0.45 | 1.63 |
| Daily Std Dev | 10.04% | 6.33% |
| Max Drawdown | -41.53% | -33.46% |
| Current Drawdown | -13.70% | -1.19% |
Correlation
The correlation between RYLD and XYLD is 0.74, 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. XYLD - Performance Comparison
In the year-to-date period, RYLD achieves a 1.86% return, which is significantly lower than XYLD's 4.72% 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. XYLD - Expense Ratio Comparison
Both RYLD and XYLD have an expense ratio of 0.60%.
Risk-Adjusted Performance
RYLD vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and Global X S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 12.36%, more than XYLD's 9.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 12.36% | 12.64% | 13.50% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 9.57% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.23% | 4.65% | 4.14% | 2.49% |
Drawdowns
RYLD vs. XYLD - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for RYLD and XYLD. For additional features, visit the drawdowns tool.
Volatility
RYLD vs. XYLD - Volatility Comparison
Global X Russell 2000 Covered Call ETF (RYLD) has a higher volatility of 2.70% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.86%. This indicates that RYLD's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.