WFC vs. RYLD
Compare and contrast key facts about Wells Fargo & Company (WFC) 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: WFC or RYLD.
Key characteristics
| WFC | RYLD | |
|---|---|---|
| YTD Return | 21.78% | 1.68% |
| 1Y Return | 58.14% | 3.72% |
| 3Y Return (Ann) | 12.39% | -1.84% |
| 5Y Return (Ann) | 7.18% | 3.03% |
| Sharpe Ratio | 2.16 | 0.23 |
| Daily Std Dev | 24.10% | 9.98% |
| Max Drawdown | -79.02% | -41.53% |
| Current Drawdown | -2.59% | -13.85% |
Correlation
The correlation between WFC and RYLD is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WFC vs. RYLD - Performance Comparison
In the year-to-date period, WFC achieves a 21.78% return, which is significantly higher than RYLD's 1.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
WFC vs. RYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wells Fargo & Company (WFC) 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
WFC vs. RYLD - Dividend Comparison
WFC's dividend yield for the trailing twelve months is around 2.27%, less than RYLD's 12.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFC Wells Fargo & Company | 2.27% | 2.64% | 2.66% | 1.25% | 4.04% | 3.57% | 3.56% | 2.54% | 2.75% | 2.71% | 2.46% | 2.53% |
RYLD Global X Russell 2000 Covered Call ETF | 12.39% | 12.64% | 13.50% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WFC vs. RYLD - Drawdown Comparison
The maximum WFC drawdown since its inception was -79.02%, which is greater than RYLD's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for WFC and RYLD. For additional features, visit the drawdowns tool.
Volatility
WFC vs. RYLD - Volatility Comparison
Wells Fargo & Company (WFC) has a higher volatility of 5.22% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.72%. This indicates that WFC'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.