TPSC vs. RYLD

Last updated Jun 24, 2026

TPSC (Timothy Plan US Small Cap Core ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both exchange-traded funds - TPSC is a Small Cap Blend Equities fund tracking the Victory U.S. Small Cap Volatility Weighted BRI, while RYLD is a Derivative Income fund tracking the CBOE Russell 2000 BuyWrite Index. Both are passively managed. Over the past 5 years, TPSC returned 7.89%/yr vs 2.45%/yr for RYLD. Their correlation of 0.83 suggests significant overlap in exposure. TPSC charges 0.52%/yr vs 0.60%/yr for RYLD.

Performance

TPSC vs. RYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan US Small Cap Core ETF (TPSC) and Global X Russell 2000 Covered Call ETF (RYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPSC achieves a 13.05% return, which is significantly higher than RYLD's 9.51% return.

TPSC

• 1D: -0.02%
• 1M: 3.31%
• YTD: 13.05%
• 6M: 11.02%
• 1Y: 23.42%
• 3Y*: 16.15%
• 5Y*: 7.89%
• 10Y*: —

RYLD

• 1D: -0.50%
• 1M: 2.12%
• YTD: 9.51%
• 6M: 8.37%
• 1Y: 20.74%
• 3Y*: 8.72%
• 5Y*: 2.45%
• 10Y*: —

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

TPSC vs. RYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TPSC Timothy Plan US Small Cap Core ETF	13.05%	7.34%	11.50%	17.64%	-13.46%	29.74%	10.27%	3.77%
RYLD Global X Russell 2000 Covered Call ETF	9.51%	5.65%	10.13%	0.27%	-13.03%	22.13%	-0.44%	1.29%

Correlation

The correlation between TPSC and RYLD is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019	0.83

The correlation between TPSC and RYLD has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

TPSC vs. RYLD - Sectors Allocation Comparison

Sectors	TPSC	RYLD
Financial Services	23.9%	15.5%
Industrials	18.6%	18.0%
Consumer Cyclical	13.7%	8.0%
Technology	13.0%	19.0%
Healthcare	7.2%	16.3%
Utilities	6.6%	2.8%
Energy	5.4%	5.4%
Basic Materials	5.3%	4.7%
Consumer Defensive	5.0%	2.3%
Real Estate	0.7%	5.9%
Communication Services	0.6%	2.4%

Return for Risk

TPSC vs. RYLD — Risk / Return Rank

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

TPSC

TPSC Risk / Return Rank: 50
TPSC Sharpe Ratio Rank: 46
TPSC Sortino Ratio Rank: 49
TPSC Omega Ratio Rank: 44
TPSC Calmar Ratio Rank: 57
TPSC Martin Ratio Rank: 54

RYLD

RYLD Risk / Return Rank: 68
RYLD Sharpe Ratio Rank: 62
RYLD Sortino Ratio Rank: 62
RYLD Omega Ratio Rank: 73
RYLD Calmar Ratio Rank: 69
RYLD Martin Ratio Rank: 74

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.

TPSC vs. RYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan US Small Cap Core ETF (TPSC) 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.

	TPSC	RYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.96	-0.46
Sortino ratio: Return per unit of downside risk	2.27	2.76	-0.49
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.14
Calmar ratio: Return relative to maximum drawdown	2.63	3.31	-0.68
Martin ratio: Return relative to average drawdown	8.60	13.37	-4.77

TPSC vs. RYLD - Sharpe Ratio Comparison

The current TPSC Sharpe Ratio is 1.50, which is comparable to the RYLD Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of TPSC and RYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPSC vs. RYLD - Drawdown Comparison

The maximum TPSC drawdown since its inception was -41.79%, roughly equal to the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for TPSC and RYLD.

Drawdown Indicators

	TPSC	RYLD	Difference
Max Drawdown Largest peak-to-trough decline	-41.79%	-41.53%	-0.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-6.29%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	-23.44%	-19.05%	-4.39%
Max Drawdown (5Y) Largest decline over 5 years	-23.63%	-21.33%	-2.30%
Current Drawdown Current decline from peak	-0.15%	-0.50%	+0.35%
Average Drawdown Average peak-to-trough decline	-8.36%	-8.78%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	1.55%	+1.18%

Volatility

TPSC vs. RYLD - Volatility Comparison

Timothy Plan US Small Cap Core ETF (TPSC) has a higher volatility of 3.43% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.00%. This indicates that TPSC's price experiences larger fluctuations and is considered to be riskier than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPSC	RYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	2.00%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	10.65%	7.80%	+2.85%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	10.66%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	14.05%	+5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	17.15%	+7.24%

TPSC vs. RYLD - Expense Ratio Comparison

TPSC has a 0.52% expense ratio, which is lower than RYLD's 0.60% expense ratio.

Dividends

TPSC vs. RYLD - Dividend Comparison

TPSC's dividend yield for the trailing twelve months is around 1.02%, 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%
TPSC Timothy Plan US Small Cap Core ETF	1.02%	1.07%	0.97%	1.06%	1.07%	1.12%	1.13%	0.07%

Frequently Asked Questions

Can I hold both TPSC and RYLD in my portfolio?

TPSC and RYLD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPSC or RYLD?

TPSC has higher volatility (3.43%) compared to RYLD (2.00%). In terms of maximum drawdown, TPSC dropped -41.79% vs RYLD's -41.53%.

Which ETF is better, TPSC or RYLD?

On 5-year performance, TPSC leads with 7.89% vs 2.45% for RYLD. On fees, TPSC is cheaper at 0.52% per year. On volatility, RYLD has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TPSC or RYLD?

Over the 5-year period, TPSC has performed better with a 7.89% return vs 2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPSC or RYLD?

TPSC is cheaper with a 0.52% expense ratio, compared with 0.60% for RYLD.

Which ETF pays a higher dividend yield, TPSC or RYLD?

RYLD has the higher dividend yield at 11.73%, compared with 1.02% for TPSC.

What is the main difference between TPSC and RYLD?

TPSC is categorized as Small Cap Blend Equities, while RYLD is Derivative Income. TPSC tracks Victory U.S. Small Cap Volatility Weighted BRI, while RYLD tracks CBOE Russell 2000 BuyWrite Index. They also come from different issuers: Timothy Plan and Global X. Their fees differ too: 0.52% for TPSC and 0.60% for RYLD.

Which has better risk-adjusted returns?

RYLD currently has the higher Sharpe Ratio (1.96 vs 1.50), 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.