RYLD vs. XYLG
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and Global X S&P 500 Covered Call & Growth ETF (XYLG).
RYLD and XYLG 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. XYLG is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 BuyWrite Index. It was launched on Sep 18, 2020. Both RYLD and XYLG 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 XYLG.
Performance
RYLD vs. XYLG - Performance Comparison
Returns By Period
In the year-to-date period, RYLD achieves a 8.26% return, which is significantly lower than XYLG's 19.80% return.
RYLD
8.26%
0.46%
5.34%
10.91%
3.24%
N/A
XYLG
19.80%
0.52%
10.30%
24.84%
N/A
N/A
Key characteristics
| RYLD | XYLG | |
|---|---|---|
| Sharpe Ratio | 1.12 | 2.65 |
| Sortino Ratio | 1.63 | 3.60 |
| Omega Ratio | 1.22 | 1.54 |
| Calmar Ratio | 0.64 | 3.43 |
| Martin Ratio | 6.72 | 18.02 |
| Ulcer Index | 1.70% | 1.36% |
| Daily Std Dev | 10.23% | 9.27% |
| Max Drawdown | -41.53% | -21.30% |
| Current Drawdown | -8.28% | -1.62% |
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RYLD vs. XYLG - Expense Ratio Comparison
Both RYLD and XYLG have an expense ratio of 0.60%.
Correlation
The correlation between RYLD and XYLG is 0.75, 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. XYLG - 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 & Growth ETF (XYLG). 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. XYLG - Dividend Comparison
RYLD's dividend yield for the trailing twelve months is around 12.01%, more than XYLG's 4.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 12.01% | 12.65% | 13.50% | 12.35% | 10.77% | 6.44% |
XYLG Global X S&P 500 Covered Call & Growth ETF | 4.34% | 5.38% | 6.44% | 7.41% | 1.39% | 0.00% |
Drawdowns
RYLD vs. XYLG - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, which is greater than XYLG's maximum drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for RYLD and XYLG. For additional features, visit the drawdowns tool.
Volatility
RYLD vs. XYLG - Volatility Comparison
Global X Russell 2000 Covered Call ETF (RYLD) has a higher volatility of 3.92% compared to Global X S&P 500 Covered Call & Growth ETF (XYLG) at 3.26%. This indicates that RYLD's price experiences larger fluctuations and is considered to be riskier than XYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.