RYMTX vs. XYLD

Last updated Jun 9, 2026

RYMTX (Guggenheim Managed Futures Strategy Fund) and XYLD (Global X S&P 500 Covered Call ETF) are both funds - RYMTX is a Systematic Trend fund managed by Guggenheim, while XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. Over the past 10 years, RYMTX returned 3.51%/yr vs 8.23%/yr for XYLD. At a 0.26 correlation, their price movements are largely independent. RYMTX charges 1.75%/yr vs 0.60%/yr for XYLD.

Performance

RYMTX vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Managed Futures Strategy Fund (RYMTX) and Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYMTX achieves a 7.07% return, which is significantly higher than XYLD's 4.47% return. Over the past 10 years, RYMTX has underperformed XYLD with an annualized return of 3.51%, while XYLD has yielded a comparatively higher 8.23% annualized return.

RYMTX

• 1D: -1.54%
• 1M: -1.59%
• YTD: 7.07%
• 6M: 8.27%
• 1Y: 17.81%
• 3Y*: 3.95%
• 5Y*: 5.50%
• 10Y*: 3.51%

XYLD

• 1D: 0.27%
• 1M: 0.88%
• YTD: 4.47%
• 6M: 5.83%
• 1Y: 16.60%
• 3Y*: 10.96%
• 5Y*: 7.62%
• 10Y*: 8.23%

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

RYMTX vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYMTX Guggenheim Managed Futures Strategy Fund	7.07%	5.52%	0.56%	3.62%	14.75%	2.62%	2.07%	7.18%	-7.87%	7.39%
XYLD Global X S&P 500 Covered Call ETF	4.47%	8.02%	19.49%	11.10%	-12.05%	19.59%	-0.56%	21.41%	-6.09%	16.49%

Correlation

The correlation between RYMTX and XYLD is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 24, 2013	0.26

Over the past year, RYMTX and XYLD have become more correlated (0.51) than their long-term average of 0.26, meaning their price movements have been converging.

Return for Risk

RYMTX vs. XYLD — Risk / Return Rank

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

RYMTX

RYMTX Risk / Return Rank: 51
RYMTX Sharpe Ratio Rank: 36
RYMTX Sortino Ratio Rank: 33
RYMTX Omega Ratio Rank: 38
RYMTX Calmar Ratio Rank: 77
RYMTX Martin Ratio Rank: 69

XYLD

XYLD Risk / Return Rank: 84
XYLD Sharpe Ratio Rank: 86
XYLD Sortino Ratio Rank: 87
XYLD Omega Ratio Rank: 93
XYLD Calmar Ratio Rank: 69
XYLD Martin Ratio Rank: 86

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.

RYMTX vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Managed Futures Strategy Fund (RYMTX) and Global X S&P 500 Covered Call ETF (XYLD). 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.

	RYMTX	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.53	-0.95
Sortino ratio: Return per unit of downside risk	2.18	3.58	-1.40
Omega ratio: Gain probability vs. loss probability	1.30	1.59	-0.29
Calmar ratio: Return relative to maximum drawdown	3.27	3.15	+0.12
Martin ratio: Return relative to average drawdown	12.34	16.73	-4.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYMTX vs. XYLD - Sharpe Ratio Comparison

The current RYMTX Sharpe Ratio is 1.58, which is lower than the XYLD Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of RYMTX and XYLD, 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

	RYMTX	XYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	2.53	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.68	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.58	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.60	-0.51

Drawdowns

RYMTX vs. XYLD - Drawdown Comparison

The maximum RYMTX drawdown since its inception was -34.19%, roughly equal to the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for RYMTX and XYLD.

Drawdown Indicators

	RYMTX	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.19%	-33.46%	-0.73%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	-5.29%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-17.54%	-15.53%	-2.01%
Max Drawdown (5Y) Largest decline over 5 years	-17.54%	-18.66%	+1.12%
Max Drawdown (10Y) Largest decline over 10 years	-17.54%	-33.46%	+15.92%
Current Drawdown Current decline from peak	-2.73%	-0.64%	-2.09%
Average Drawdown Average peak-to-trough decline	-18.89%	-3.72%	-15.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	0.99%	+0.45%

Volatility

RYMTX vs. XYLD - Volatility Comparison

Guggenheim Managed Futures Strategy Fund (RYMTX) has a higher volatility of 2.20% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.33%. This indicates that RYMTX's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYMTX	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	1.33%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	8.60%	5.46%	+3.14%
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	6.60%	+4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.17%	11.23%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.65%	14.21%	-3.56%

RYMTX vs. XYLD - Expense Ratio Comparison

RYMTX has a 1.75% expense ratio, which is higher than XYLD's 0.60% expense ratio.

Dividends

RYMTX vs. XYLD - Dividend Comparison

RYMTX's dividend yield for the trailing twelve months is around 5.63%, less than XYLD's 10.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYMTX Guggenheim Managed Futures Strategy Fund	5.63%	6.03%	5.10%	1.02%	4.80%	0.00%	7.56%	0.00%	0.00%	4.70%	5.19%	2.68%
XYLD Global X S&P 500 Covered Call ETF	10.57%	10.51%	11.54%	10.51%	13.43%	9.07%	7.93%	5.76%	7.12%	5.18%	3.23%	4.65%

Frequently Asked Questions

Can I hold both RYMTX and XYLD in my portfolio?

RYMTX and XYLD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYMTX or XYLD?

RYMTX has higher volatility (2.20%) compared to XYLD (1.33%). In terms of maximum drawdown, RYMTX dropped -34.19% vs XYLD's -33.46%.

Which has better risk-adjusted returns?

XYLD currently has the higher Sharpe Ratio (2.53 vs 1.58), 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.