Correlation
The correlation between RYLG and CEFS is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
RYLG vs. CEFS
Compare and contrast key facts about Global X Russell 2000 Covered Call & Growth ETF (RYLG) and Saba Closed-End Funds ETF (CEFS).
RYLG and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYLG is a passively managed fund by Global X that tracks the performance of the Cboe Russell 2000 Half BuyWrite Index. It was launched on Oct 4, 2022. CEFS is an actively managed fund by Exchange Traded Concepts. It was launched on Mar 21, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYLG or CEFS.
Performance
RYLG vs. CEFS - Performance Comparison
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Key characteristics
RYLG:
0.08
CEFS:
1.15
RYLG:
0.23
CEFS:
1.41
RYLG:
1.03
CEFS:
1.21
RYLG:
0.06
CEFS:
1.07
RYLG:
0.18
CEFS:
4.48
RYLG:
7.04%
CEFS:
3.18%
RYLG:
20.79%
CEFS:
13.90%
RYLG:
-22.37%
CEFS:
-38.99%
RYLG:
-11.47%
CEFS:
-0.78%
Returns By Period
In the year-to-date period, RYLG achieves a -6.63% return, which is significantly lower than CEFS's 5.35% return.
RYLG
-6.63%
2.52%
-11.36%
1.03%
N/A
N/A
N/A
CEFS
5.35%
3.49%
2.08%
15.34%
15.99%
15.28%
N/A
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RYLG vs. CEFS - Expense Ratio Comparison
RYLG has a 0.35% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Risk-Adjusted Performance
RYLG vs. CEFS — Risk-Adjusted Performance Rank
RYLG
CEFS
RYLG vs. CEFS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call & Growth ETF (RYLG) and Saba Closed-End Funds ETF (CEFS). 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.
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Dividends
RYLG vs. CEFS - Dividend Comparison
RYLG's dividend yield for the trailing twelve months is around 25.87%, more than CEFS's 8.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
RYLG Global X Russell 2000 Covered Call & Growth ETF | 25.87% | 23.73% | 5.78% | 4.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CEFS Saba Closed-End Funds ETF | 8.62% | 8.79% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.81% | 6.24% |
Drawdowns
RYLG vs. CEFS - Drawdown Comparison
The maximum RYLG drawdown since its inception was -22.37%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for RYLG and CEFS.
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Volatility
RYLG vs. CEFS - Volatility Comparison
Global X Russell 2000 Covered Call & Growth ETF (RYLG) has a higher volatility of 4.27% compared to Saba Closed-End Funds ETF (CEFS) at 2.78%. This indicates that RYLG's price experiences larger fluctuations and is considered to be riskier than CEFS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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