SYZ vs. RYLD
SYZ (Lazard US Systematic Small Cap Equity ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both exchange-traded funds - SYZ is a Small Cap Blend Equities fund actively managed by Lazard, while RYLD is a Derivative Income fund tracking the CBOE Russell 2000 BuyWrite Index. SYZ is actively managed, while RYLD is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.
Performance
SYZ vs. RYLD - Performance Comparison
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Returns By Period
In the year-to-date period, SYZ achieves a 19.52% return, which is significantly higher than RYLD's 9.51% return.
SYZ
- 1D
- -0.80%
- 1M
- 3.17%
- YTD
- 19.52%
- 6M
- 17.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RYLD
- 1D
- -0.50%
- 1M
- 2.12%
- YTD
- 9.51%
- 6M
- 8.37%
- 1Y
- 20.74%
- 3Y*
- 8.72%
- 5Y*
- 2.45%
- 10Y*
- —
SYZ vs. RYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SYZ Lazard US Systematic Small Cap Equity ETF | 19.52% | 0.54% |
RYLD Global X Russell 2000 Covered Call ETF | 9.51% | 4.37% |
Correlation
The correlation between SYZ and RYLD is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025 | 0.81 |
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Return for Risk
SYZ vs. RYLD — Risk / Return Rank
SYZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RYLD
SYZ vs. RYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard US Systematic Small Cap Equity ETF (SYZ) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYZ | RYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.31 | — |
| Martin ratioReturn relative to average drawdown | — | 13.37 | — |
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Drawdowns
SYZ vs. RYLD - Drawdown Comparison
The maximum SYZ drawdown since its inception was -8.00%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for SYZ and RYLD.
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Drawdown Indicators
| SYZ | RYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.00% | -41.53% | +33.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.33% | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.50% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -8.78% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.55% | — |
Volatility
SYZ vs. RYLD - Volatility Comparison
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Volatility by Period
| SYZ | RYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.89% | 10.66% | +6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 14.05% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 17.15% | -0.26% |
SYZ vs. RYLD - Expense Ratio Comparison
Both SYZ and RYLD have an expense ratio of 0.60%.
Dividends
SYZ vs. RYLD - Dividend Comparison
SYZ's dividend yield for the trailing twelve months is around 0.24%, less than RYLD's 11.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 11.73% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% |
SYZ Lazard US Systematic Small Cap Equity ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYZ and RYLD have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYZ and RYLD have the same expense ratio: 0.60% per year.
RYLD has the higher dividend yield at 11.73%, compared with 0.24% for SYZ.
SYZ is categorized as Small Cap Blend Equities, while RYLD is Derivative Income. They also come from different issuers: Lazard and Global X.
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