RYLG vs. AVUV

Last updated Jun 4, 2026

RYLG (Global X Russell 2000 Covered Call & Growth ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - RYLG is a Derivative Income fund tracking the Cboe Russell 2000 Half BuyWrite Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. RYLG is passively managed, while AVUV is actively managed. Over the past 3 years, RYLG returned 12.54%/yr vs 19.24%/yr for AVUV. Their correlation of 0.90 suggests significant overlap in exposure. RYLG charges 0.35%/yr vs 0.25%/yr for AVUV.

Performance

RYLG vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Russell 2000 Covered Call & Growth ETF (RYLG) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYLG achieves a 12.45% return, which is significantly lower than AVUV's 17.96% return.

RYLG

• 1D: -0.97%
• 1M: 3.55%
• YTD: 12.45%
• 6M: 12.24%
• 1Y: 29.67%
• 3Y*: 12.54%
• 5Y*: —
• 10Y*: —

AVUV

• 1D: -0.97%
• 1M: 1.21%
• YTD: 17.96%
• 6M: 17.23%
• 1Y: 36.48%
• 3Y*: 19.24%
• 5Y*: 10.71%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYLG vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RYLG Global X Russell 2000 Covered Call & Growth ETF	12.45%	9.39%	10.57%	8.33%	-1.56%
AVUV Avantis US Small Cap Value ETF	17.96%	7.44%	9.28%	22.82%	5.30%

Correlation

The correlation between RYLG and AVUV is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.90

The correlation between RYLG and AVUV has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

RYLG vs. AVUV - Sectors Allocation Comparison

Sectors	RYLG	AVUV
Industrials	17.5%	13.9%
Technology	16.8%	7.0%
Healthcare	16.5%	4.2%
Financial Services	16.0%	25.8%
Consumer Cyclical	8.4%	18.0%
Real Estate	6.2%	0.7%
Energy	6.2%	18.2%
Basic Materials	4.8%	4.9%
Utilities	2.9%	0.1%
Communication Services	2.5%	2.8%
Consumer Defensive	2.4%	4.5%

Return for Risk

RYLG vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYLG

RYLG Risk / Return Rank: 64
RYLG Sharpe Ratio Rank: 59
RYLG Sortino Ratio Rank: 59
RYLG Omega Ratio Rank: 57
RYLG Calmar Ratio Rank: 73
RYLG Martin Ratio Rank: 74

AVUV

AVUV Risk / Return Rank: 67
AVUV Sharpe Ratio Rank: 61
AVUV Sortino Ratio Rank: 63
AVUV Omega Ratio Rank: 58
AVUV Calmar Ratio Rank: 84
AVUV Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYLG vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call & Growth ETF (RYLG) and Avantis US Small Cap Value ETF (AVUV). 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.

	RYLG	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.10	-0.08
Sortino ratio: Return per unit of downside risk	2.83	3.02	-0.18
Omega ratio: Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio: Return relative to maximum drawdown	3.64	4.61	-0.97
Martin ratio: Return relative to average drawdown	14.04	13.69	+0.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYLG vs. AVUV - Sharpe Ratio Comparison

The current RYLG Sharpe Ratio is 2.01, which is comparable to the AVUV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of RYLG and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYLG	AVUV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.10	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.56	+0.07

Drawdowns

RYLG vs. AVUV - Drawdown Comparison

The maximum RYLG drawdown since its inception was -22.37%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for RYLG and AVUV.

Drawdown Indicators

	RYLG	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-49.42%	+27.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-7.95%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-28.79%	+6.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.79%	—
Current Drawdown Current decline from peak	-0.97%	-1.12%	+0.15%
Average Drawdown Average peak-to-trough decline	-4.13%	-7.95%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.67%	-0.55%

Volatility

RYLG vs. AVUV - Volatility Comparison

Global X Russell 2000 Covered Call & Growth ETF (RYLG) and Avantis US Small Cap Value ETF (AVUV) have volatilities of 3.93% and 4.08%, 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.

Volatility by Period

	RYLG	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	4.08%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	11.34%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	14.88%	17.54%	-2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	22.74%	-5.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	28.30%	-11.13%

RYLG vs. AVUV - Expense Ratio Comparison

RYLG has a 0.35% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

RYLG vs. AVUV - Dividend Comparison

RYLG's dividend yield for the trailing twelve months is around 10.34%, more than AVUV's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.29%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
RYLG Global X Russell 2000 Covered Call & Growth ETF	10.34%	10.82%	23.73%	5.78%	4.36%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RYLG and AVUV in my portfolio?

RYLG and AVUV have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYLG or AVUV?

AVUV has higher volatility (4.08%) compared to RYLG (3.93%). In terms of maximum drawdown, RYLG dropped -22.37% vs AVUV's -49.42%.

Which ETF is better, RYLG or AVUV?

On 3-year performance, AVUV leads with 19.24% vs 12.54% for RYLG. On fees, AVUV is cheaper at 0.25% per year. On volatility, RYLG has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RYLG or AVUV?

Over the 3-year period, AVUV has performed better with a 19.24% return vs 12.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RYLG or AVUV?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.35% for RYLG.

Which ETF pays a higher dividend yield, RYLG or AVUV?

RYLG has the higher dividend yield at 10.34%, compared with 1.29% for AVUV.

What is the main difference between RYLG and AVUV?

RYLG is categorized as Derivative Income, while AVUV is Small Cap Value Equities. They also come from different issuers: Global X and Avantis. Their fees differ too: 0.35% for RYLG and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.10 vs 2.01), 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.