Rankings / RYLD

RYLD

Global X Russell 2000 Covered Call ETF

IWMIssuer: Global XInception: April 17, 2019

6.7

Overall Score

Strategy & Profile

RYLD tracks the Cboe Russell 2000 BuyWrite Index. It holds the Global X Russell 2000 ETF (RSSL) for essentially all of its assets and sells at-the-money call options on the Russell 2000 each month. The rules are mechanical and it pays monthly.

TTM Yield: 12.10% — trailing 12-month distributions, as of September 30, 2026
Expense ratio
0.60%
Inception
Apr 2019
AUM
$1.3B
Holdings
1
Beta
0.574
Volatility (ann.)
14.82%
Upside capture
57.01%
Downside capture
57.33%

Characteristics

  • ✓2021 return +22.1% vs +14.5% for IWM
  • ✓60-month volatility 11.0% vs 20.9% for IWM
  • ✓TTM yield 12.10%

Considerations

  • ✗Worst drawdown -31.1% vs -30.6% for IWM
  • ✗2023 return +0.3% vs +16.8% for IWM
  • ✗Total return +47.3% vs +92.7% for IWM since May 2019

Fits

  • →Wants small-cap income with lower month-to-month volatility
  • →Accepts a 7-year record with one deep drawdown
  • →Wants a 12% yield

Doesn't fit

  • →Wants drawdown protection
  • →Wants small-cap growth
  • →Is fee-sensitive (0.60% vs 0.29% for large-cap peers)

In summary

Paid 12.1% with volatility of 11.0%, but its worst drawdown (-31.1%) matched IWM's (-30.6%) and total return is half of IWM's.

Performance

Cumulative total return of RYLD against IWM, distributions reinvested.

Last 60 months · Sep 2021 – Sep 2026
RYLD(+13.7%)
IWM(+35.2%)
-40%-20%+0%+20%+40%+60%202120222023202420252026

Cumulative total return, rebased to 0% at the start of each period. Distributions reinvested. Data through end of previous month.

Annual returns

Calendar-year total return, distributions reinvested.

YearRYLDIWM
2026 YTD+10.65%+13.65%
2025+5.61%+12.66%
2024+10.11%+11.39%
2023+0.28%+16.84%
2022-13.05%-20.48%
2021+22.14%+14.54%
2020-0.45%+20.03%
2019 *+7.98%+5.79%

Historical years are frozen. YTD is refreshed monthly. * Partial year: return from fund inception to December 31.

Score breakdown

Composite score from six weighted criteria, measured since inception.

Weight 25%5.0

Total Return

Performance since inception against the benchmark.

Weight 25%8.4

Downside Protection

How much of the benchmark drawdown the fund absorbed.

Weight 25%5.7

Upside Participation

How much of the benchmark rally the fund kept.

Weight 15%9.3

Distribution Consistency

Frequency of distribution cuts below 85% of the previous payment.

Weight 5%5.0

Expense Ratio

Inversely proportional to the annual management fee.

Weight 5%6.2

Liquidity

Assets under management on a log scale.

Portfolio exposure

Sector and geographic composition of RYLD underlying holdings.

Sectors

Healthcare20.6%
Financial Services18.0%
Technology14.8%
Industrials13.4%
Consumer Cyclical8.6%
Energy6.5%
Real Estate6.3%
Basic Materials4.3%
Other7.5%

Top holdings

#SymbolNameWeight
1RSSLGLOBAL X RUSSELL 2000 ETF100.37%
2—INHIBRX INC0.00%
3—CARTESIAN THERAPEUTICS INC0.00%

Holdings data from fund disclosures, updated periodically. Percentages may not sum to 100% due to cash, options, and other positions not shown.

Composite score by time window

The same six criteria, applied to different trailing periods. Pro subscribers see the full breakdown.

Since inception

6.7

3 years

7.0

1 year

8.4

3 months

8.3

🔒

See the full time-window breakdown

How has RYLD ranked across inception, 3 years, 1 year, and 3 months? Pro subscribers can compare a fund's trajectory over every window, across all 28 funds.

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Key Metrics

Expense Ratio

0.600%

Inception Date

April 17, 2019

Benchmark

IWM

Category

Covered Call - Small Cap

Distribution Frequency

Monthly

Maturity Rating

4/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Other ETFs benchmarked on IWM

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.