SMDV vs. RYLD
Compare and contrast key facts about ProShares Russell 2000 Dividend Growers ETF (SMDV) and Global X Russell 2000 Covered Call ETF (RYLD).
SMDV and RYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMDV is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Dividend Growth Index. It was launched on Feb 5, 2015. RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019. Both SMDV and RYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMDV vs. RYLD - Performance Comparison
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SMDV vs. RYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 4.65% | 0.26% | 7.03% | 8.99% | -5.90% | 18.98% | -4.74% | 7.79% |
RYLD Global X Russell 2000 Covered Call ETF | 0.70% | 5.65% | 10.13% | 0.27% | -13.03% | 22.13% | -0.44% | 8.92% |
Returns By Period
In the year-to-date period, SMDV achieves a 4.65% return, which is significantly higher than RYLD's 0.70% return.
SMDV
- 1D
- 1.00%
- 1M
- -3.75%
- YTD
- 4.65%
- 6M
- 4.62%
- 1Y
- 7.62%
- 3Y*
- 6.98%
- 5Y*
- 3.59%
- 10Y*
- 7.09%
RYLD
- 1D
- 2.12%
- 1M
- -3.64%
- YTD
- 0.70%
- 6M
- 5.49%
- 1Y
- 11.70%
- 3Y*
- 6.08%
- 5Y*
- 2.21%
- 10Y*
- —
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SMDV vs. RYLD - Expense Ratio Comparison
SMDV has a 0.40% expense ratio, which is lower than RYLD's 0.60% expense ratio.
Return for Risk
SMDV vs. RYLD — Risk / Return Rank
SMDV
RYLD
SMDV vs. RYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dividend Growers ETF (SMDV) and Global X Russell 2000 Covered Call ETF (RYLD). 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.
| SMDV | RYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.72 | -0.30 |
Sortino ratioReturn per unit of downside risk | 0.75 | 1.13 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.92 | -0.21 |
Martin ratioReturn relative to average drawdown | 2.07 | 4.48 | -2.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMDV | RYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.72 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.16 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.26 | +0.11 |
Correlation
The correlation between SMDV and RYLD is 0.73, 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.
Dividends
SMDV vs. RYLD - Dividend Comparison
SMDV's dividend yield for the trailing twelve months is around 2.51%, less than RYLD's 12.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.51% | 2.67% | 2.68% | 2.69% | 2.51% | 2.02% | 2.13% | 2.03% | 1.97% | 1.84% | 1.35% | 1.81% |
RYLD Global X Russell 2000 Covered Call ETF | 12.14% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMDV vs. RYLD - Drawdown Comparison
The maximum SMDV drawdown since its inception was -34.12%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for SMDV and RYLD.
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Drawdown Indicators
| SMDV | RYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -41.53% | +7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -12.33% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -21.33% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -6.47% | -4.31% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -9.04% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.53% | +1.20% |
Volatility
SMDV vs. RYLD - Volatility Comparison
The current volatility for ProShares Russell 2000 Dividend Growers ETF (SMDV) is 4.27%, while Global X Russell 2000 Covered Call ETF (RYLD) has a volatility of 5.25%. This indicates that SMDV experiences smaller price fluctuations and is considered to be less risky than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMDV | RYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 5.25% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 9.08% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 16.39% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 14.20% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 17.38% | +3.33% |