RYLD — Global X Russell 2000 Covered Call ETF

RYLD Price Performance — Growth of $10,000

Value of a $10,000 investment in RYLD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

RYLD Drawdown

The "underwater" chart: RYLD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Global X Russell 2000 Covered Call ETF (RYLD) operates within the Covered Call / Income category, which ETFValuer currently tracks 10 funds. Issued by Global X Funds, the fund manages $1.36 billion in assets and trades at a price of $15.92. It holds an overall rank of #196 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 63.1 out of 100. The fund charges an expense ratio of 0.6% while offering a dividend yield of 6.81%. This combination of a substantial asset base and a high yield suggests significant investor adoption relative to the fund's cost structure. The current market price and asset size indicate a mature product within its specific niche of covered call strategies.

Over the most recent trading day, the fund declined by 0.25%, followed by a 0.49% drop over the past week. Momentum shifted positively over the last month with a gain of 1.77%, which accelerated to a 7.12% return over three months. The six-month performance showed further strength at 7.74%, while year-to-date returns have reached 10.65%. Annual returns have been robust at 20.98%, and the three-year total return stands at 25.57%. This trajectory demonstrates a clear divergence where short-term fluctuations have given way to sustained growth over longer holding periods.

The fund carries a Low volatility label and a beta of 0.54, indicating that its price movements are generally less sensitive to broader market swings. A Sharpe ratio of 1.51 suggests the fund has generated a favorable amount of return per unit of risk taken over the measured period. Despite this efficiency, the maximum drawdown reached -19.05%, highlighting the potential for significant temporary declines during market stress. The combination of low beta and a deep drawdown implies that while the fund may move less than the market on average, it is still exposed to substantial downside events. Investors should consider that the low volatility classification does not eliminate the risk of sharp, albeit infrequent, losses.

AI-generated summary based on the data on this page.

RYLD Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 9 holdings make up 100.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how RYLD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With RYLD

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with RYLD's top 10 — PDBC overlaps most, holding 1 of the same companies as RYLD's top 10 (-2.0% of RYLD's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

RYLD Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.19% and average daily volume is 559K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.36B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: RYLD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

RYLD Performance History

How RYLD Compares to Other Covered Call / Income ETFs