RYLG vs. DYLG

Last updated Jun 4, 2026

RYLG (Global X Russell 2000 Covered Call & Growth ETF) and DYLG (Global X Dow 30 Covered Call & Growth ETF) are both Derivative Income funds from Global X - RYLG tracks the Cboe Russell 2000 Half BuyWrite Index while DYLG tracks the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross. Both are passively managed. Over the past year, RYLG returned 29.67% vs 17.86% for DYLG. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

RYLG vs. DYLG - 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 Global X Dow 30 Covered Call & Growth ETF (DYLG). 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 higher than DYLG's 4.63% return.

RYLG

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

DYLG

• 1D: -0.65%
• 1M: 3.69%
• YTD: 4.63%
• 6M: 5.52%
• 1Y: 17.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RYLG vs. DYLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RYLG Global X Russell 2000 Covered Call & Growth ETF	12.45%	9.39%	10.57%	0.17%
DYLG Global X Dow 30 Covered Call & Growth ETF	4.63%	12.50%	14.46%	4.05%

Correlation

The correlation between RYLG and DYLG is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.76

The correlation between RYLG and DYLG has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

RYLG vs. DYLG - Sectors Allocation Comparison

Sectors	RYLG	DYLG
Industrials	17.5%	18.4%
Technology	16.8%	17.1%
Healthcare	16.5%	13.1%
Financial Services	16.0%	27.2%
Consumer Cyclical	8.4%	11.6%
Real Estate	6.2%	-
Energy	6.2%	2.4%
Basic Materials	4.8%	4.0%
Utilities	2.9%	-
Communication Services	2.5%	1.9%
Consumer Defensive	2.4%	4.4%

Return for Risk

RYLG vs. DYLG — 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

DYLG

DYLG Risk / Return Rank: 53
DYLG Sharpe Ratio Rank: 56
DYLG Sortino Ratio Rank: 57
DYLG Omega Ratio Rank: 57
DYLG Calmar Ratio Rank: 43
DYLG Martin Ratio Rank: 52

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. DYLG - 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 Global X Dow 30 Covered Call & Growth ETF (DYLG). 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	DYLG	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.90	+0.11
Sortino ratio: Return per unit of downside risk	2.83	2.74	+0.09
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	3.64	2.16	+1.48
Martin ratio: Return relative to average drawdown	14.04	8.78	+5.25
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. DYLG - Sharpe Ratio Comparison

The current RYLG Sharpe Ratio is 2.01, which is comparable to the DYLG Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of RYLG and DYLG, 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	DYLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.90	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.10	-0.48

Drawdowns

RYLG vs. DYLG - Drawdown Comparison

The maximum RYLG drawdown since its inception was -22.37%, which is greater than DYLG's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for RYLG and DYLG.

Drawdown Indicators

	RYLG	DYLG	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-13.98%	-8.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-8.31%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	—	—
Current Drawdown Current decline from peak	-0.97%	-0.65%	-0.32%
Average Drawdown Average peak-to-trough decline	-4.13%	-1.86%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.04%	+0.08%

Volatility

RYLG vs. DYLG - Volatility Comparison

Global X Russell 2000 Covered Call & Growth ETF (RYLG) has a higher volatility of 3.93% compared to Global X Dow 30 Covered Call & Growth ETF (DYLG) at 2.46%. This indicates that RYLG's price experiences larger fluctuations and is considered to be riskier than DYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYLG	DYLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	2.46%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	7.46%	+3.21%
Volatility (1Y) Calculated over the trailing 1-year period	14.88%	9.44%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	11.44%	+5.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	11.44%	+5.73%

RYLG vs. DYLG - Expense Ratio Comparison

Both RYLG and DYLG have an expense ratio of 0.35%.

Dividends

RYLG vs. DYLG - Dividend Comparison

RYLG's dividend yield for the trailing twelve months is around 10.34%, more than DYLG's 9.54% yield.

Position	TTM	2025	2024	2023	2022
DYLG Global X Dow 30 Covered Call & Growth ETF	9.54%	9.63%	16.55%	1.38%	0.00%
RYLG Global X Russell 2000 Covered Call & Growth ETF	10.34%	10.82%	23.73%	5.78%	4.36%

Frequently Asked Questions

Can I hold both RYLG and DYLG in my portfolio?

RYLG and DYLG have a correlation of 0.77, 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 DYLG?

RYLG has higher volatility (3.93%) compared to DYLG (2.46%). In terms of maximum drawdown, RYLG dropped -22.37% vs DYLG's -13.98%.

Which ETF is better, RYLG or DYLG?

On 1-year performance, RYLG leads with 29.67% vs 17.86% for DYLG. Both ETFs have the same 0.35% expense ratio. On volatility, DYLG has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RYLG or DYLG?

Over the 1-year period, RYLG has performed better with a 29.67% return vs 17.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RYLG or DYLG?

RYLG and DYLG have the same expense ratio: 0.35% per year.

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

RYLG has the higher dividend yield at 10.34%, compared with 9.54% for DYLG.

What is the main difference between RYLG and DYLG?

RYLG tracks Cboe Russell 2000 Half BuyWrite Index, while DYLG tracks Cboe DJIA Half BuyWrite Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

RYLG currently has the higher Sharpe Ratio (2.01 vs 1.90), 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.