RYLD vs. ^TNX
Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and Treasury Yield 10 Years (^TNX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYLD or ^TNX.
Correlation
The correlation between RYLD and ^TNX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RYLD vs. ^TNX - Performance Comparison
Key characteristics
RYLD:
0.05
^TNX:
-0.23
RYLD:
0.19
^TNX:
-0.18
RYLD:
1.03
^TNX:
0.98
RYLD:
0.04
^TNX:
-0.09
RYLD:
0.18
^TNX:
-0.44
RYLD:
4.41%
^TNX:
11.33%
RYLD:
17.17%
^TNX:
21.89%
RYLD:
-41.53%
^TNX:
-93.78%
RYLD:
-13.90%
^TNX:
-45.32%
Returns By Period
In the year-to-date period, RYLD achieves a -7.72% return, which is significantly lower than ^TNX's -4.07% return.
RYLD
-7.72%
-4.88%
-4.32%
0.01%
8.42%
N/A
^TNX
-4.07%
1.86%
4.45%
-5.70%
49.31%
8.62%
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Risk-Adjusted Performance
RYLD vs. ^TNX — Risk-Adjusted Performance Rank
RYLD
^TNX
RYLD vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
RYLD vs. ^TNX - Drawdown Comparison
The maximum RYLD drawdown since its inception was -41.53%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for RYLD and ^TNX. For additional features, visit the drawdowns tool.
Volatility
RYLD vs. ^TNX - Volatility Comparison
Global X Russell 2000 Covered Call ETF (RYLD) has a higher volatility of 12.57% compared to Treasury Yield 10 Years (^TNX) at 9.28%. This indicates that RYLD's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.