TRMD vs. RYLD
Compare and contrast key facts about TORM plc (TRMD) and Global X Russell 2000 Covered Call ETF (RYLD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRMD or RYLD.
Performance
TRMD vs. RYLD - Performance Comparison
Returns By Period
In the year-to-date period, TRMD achieves a -10.32% return, which is significantly lower than RYLD's 9.56% return.
TRMD
-10.32%
-20.15%
-32.82%
-15.53%
37.18%
N/A
RYLD
9.56%
1.67%
6.62%
11.99%
3.54%
N/A
Key characteristics
| TRMD | RYLD | |
|---|---|---|
| Sharpe Ratio | -0.43 | 1.20 |
| Sortino Ratio | -0.40 | 1.74 |
| Omega Ratio | 0.95 | 1.24 |
| Calmar Ratio | -0.34 | 0.69 |
| Martin Ratio | -1.09 | 7.21 |
| Ulcer Index | 12.77% | 1.70% |
| Daily Std Dev | 32.70% | 10.18% |
| Max Drawdown | -47.14% | -41.52% |
| Current Drawdown | -37.72% | -7.16% |
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Correlation
The correlation between TRMD and RYLD is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
TRMD vs. RYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TORM plc (TRMD) 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.
Dividends
TRMD vs. RYLD - Dividend Comparison
TRMD's dividend yield for the trailing twelve months is around 25.53%, more than RYLD's 11.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
TRMD TORM plc | 19.44% | 23.05% | 6.99% | 0.00% | 14.89% | 0.00% |
RYLD Global X Russell 2000 Covered Call ETF | 11.98% | 12.65% | 13.50% | 12.35% | 10.77% | 6.44% |
Drawdowns
TRMD vs. RYLD - Drawdown Comparison
The maximum TRMD drawdown since its inception was -47.14%, which is greater than RYLD's maximum drawdown of -41.52%. Use the drawdown chart below to compare losses from any high point for TRMD and RYLD. For additional features, visit the drawdowns tool.
Volatility
TRMD vs. RYLD - Volatility Comparison
TORM plc (TRMD) has a higher volatility of 9.97% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 3.73%. This indicates that TRMD'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.