Correlation
The correlation between RYLG and FTHI is 0.79, 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.
RYLG vs. FTHI
Compare and contrast key facts about Global X Russell 2000 Covered Call & Growth ETF (RYLG) and First Trust BuyWrite Income ETF (FTHI).
RYLG and FTHI 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. FTHI is an actively managed fund by First Trust. It was launched on Jan 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYLG or FTHI.
Performance
RYLG vs. FTHI - Performance Comparison
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Key characteristics
RYLG:
0.08
FTHI:
0.55
RYLG:
0.23
FTHI:
0.81
RYLG:
1.03
FTHI:
1.13
RYLG:
0.06
FTHI:
0.51
RYLG:
0.18
FTHI:
2.09
RYLG:
7.04%
FTHI:
3.86%
RYLG:
20.79%
FTHI:
16.17%
RYLG:
-22.37%
FTHI:
-32.65%
RYLG:
-11.47%
FTHI:
-3.68%
Returns By Period
In the year-to-date period, RYLG achieves a -6.63% return, which is significantly lower than FTHI's -1.00% return.
RYLG
-6.63%
2.52%
-11.36%
1.03%
N/A
N/A
N/A
FTHI
-1.00%
3.59%
-2.63%
8.27%
9.83%
10.98%
6.81%
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RYLG vs. FTHI - Expense Ratio Comparison
RYLG has a 0.35% expense ratio, which is lower than FTHI's 0.85% expense ratio.
Risk-Adjusted Performance
RYLG vs. FTHI — Risk-Adjusted Performance Rank
RYLG
FTHI
RYLG vs. FTHI - 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 First Trust BuyWrite Income ETF (FTHI). 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. FTHI - Dividend Comparison
RYLG's dividend yield for the trailing twelve months is around 25.87%, more than FTHI's 9.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
FTHI First Trust BuyWrite Income ETF | 9.16% | 8.61% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.00% | 4.41% | 4.98% | 3.96% |
Drawdowns
RYLG vs. FTHI - Drawdown Comparison
The maximum RYLG drawdown since its inception was -22.37%, smaller than the maximum FTHI drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for RYLG and FTHI.
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Volatility
RYLG vs. FTHI - Volatility Comparison
Global X Russell 2000 Covered Call & Growth ETF (RYLG) has a higher volatility of 4.27% compared to First Trust BuyWrite Income ETF (FTHI) at 2.40%. This indicates that RYLG's price experiences larger fluctuations and is considered to be riskier than FTHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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