RYLD — Global X Russell 2000 Covered Call ETF
Covered Call / Income Ranked #217 of 458 tracked ETFs · Issued by Global X Funds
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.
What If You'd Invested in RYLD?
See what a lump sum in RYLD would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
Global X Funds issues the Russell 2000 Covered Call ETF, a $1.39 billion fund ranked 6 of 10 in the Covered Call / Income category. It holds an overall grade of C, placing it at #217 of 458 tracked ETFs across all categories. The fund charges an expense ratio of 0.6%, matching the category median, while offering a dividend yield of 8.76% that exceeds the peer average of 8.37%. Its portfolio is concentrated in the Global X Russell 2000 ETF, which comprises 102.0% of assets, with the top ten holdings accounting for the entire 100.0% of the fund's value.
The ETF has delivered a 1-year return of 21.04%, outperforming the category median of 18.66% and contributing to a 3-year cumulative return of 33.32%. Short-term momentum is evident with a 1-month gain of 0.95% and a year-to-date increase of 14.16%, though the 1-day and 1-week changes were modest at 0.31% each. The current price of $16.26 sits at 88.7% of its 52-week range, indicating it is near the upper end of its recent trading band. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and the fund has a price history available for 3.0 years.
With a beta of 0.53, the fund exhibits lower sensitivity to market movements compared to the broader market. Annualized volatility is recorded at 10.24%, which is labeled as Low, while the maximum drawdown has reached -19.05%. A Sharpe ratio of 1.57 suggests favorable risk-adjusted returns relative to the volatility experienced. Liquidity is supported by an average daily volume of 543,107 shares, though the bid/ask spread of 1.61% indicates moderate trading costs.
AI-generated summary based on the data on this page.
RYLD Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Global X Russell 2000 ETF | 101.98% | $1.35B |
| 2 | N/A | 0.00% | $0M |
| 3 | N/A | 0.00% | $0M |
| 4 | CORPORATE ACTION | 0.00% | $0M |
| 5 | N/A | 0.00% | $0M |
| 6 | N/A | 0.00% | $0M |
| 7 | N/A | 0.00% | $0M |
| 8 | RAIN ONCOLOGY INC | 0.00% | $0M |
| 9 | N/A | -2.03% | $-27M |
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).
| ETF | Name | Shared Companies | RYLD Weight | Examples |
|---|---|---|---|---|
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 1 | -2.0% | N/A |
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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What RYLD's Fees Cost You
RYLD charges an expense ratio of 0.60% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
RYLD Dividend Income Estimator
RYLD currently yields 8.76%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
RYLD Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 1.61% and average daily volume is 543K/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 $1.39B 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
| Period | Return |
|---|---|
| 1-Day | +0.31% |
| 1-Week | +0.31% |
| 1-Month | +0.95% |
| 3-Month | +7.02% |
| 6-Month | +13.52% |
| YTD | +14.16% |
| 1-Year | +21.04% |
| 3-Year | +33.32% |
How RYLD Compares to Other Covered Call / Income ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #137 | B |
QYLD | Global X NASDAQ 100 Covered Call ETF | +23.51% | 0.6% | $8.32B |
| #146 | B |
GPIX | Goldman Sachs S&P 500 Premium Income ETF | +19.54% | 0.29% | $5.59B |
| #157 | B |
XYLD | Global X S&P 500 Covered Call ETF | +18.64% | 0.6% | $3.34B |
| #164 | C |
JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | +20.70% | 0.35% | $42.2B |
| #201 | C |
SPYI | Neos S&P 500(R) High Income ETF | +17.50% | 0.68% | $11.7B |
| #217 | C |
RYLD | Global X Russell 2000 Covered Call ETF | +21.04% | 0.6% | $1.39B |
| #222 | C |
JEPI | JPMorgan Equity Premium Income ETF | +9.21% | 0.35% | $46.2B |
| #296 | C |
QQQI | NEOS NASDAQ-100(R) High Income ETF | +18.68% | 0.68% | $14.3B |
| #362 | C |
NUSI | NEOS Nasdaq-100 Hedged Equity Income ETF | +12.59% | 0.68% | $324M |
| #392 | D |
TLTW | iShares 20+ Year Treasury Bond Buywrite Strategy ETF | +2.89% | 0.35% | $1.83B |