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ETFs

Global X Russell 2000 Covered Call ETF

RYLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 17 2019
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$13,296,965
AUM
$1,499,423,942
Associated Index
Cboe Russell 2000 BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
34.08%
n/a
CASH
1.15%
SMCI
Super Micro Computer Inc
0.33%
LNW
Light & Wonder Inc
0.21%
CHX
ChampionX Corp.
0.21%
GTLS
Chart Industries Inc
0.21%
MTDR
Matador Resources Co
0.20%
FIX
Comfort Systems USA, Inc.
0.19%
MUR
Murphy Oil Corp.
0.19%
SPSC
SPS Commerce Inc.
0.19%
Invest with RYLD

What is RYLD?

The Global X Russell 2000 Covered Call ETF (RYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 BuyWrite Index. The Underlying Index measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the Russell 2000 Index (the Reference Index ), and writes (or sells) a succession of one-month at-the-money covered call options on the Reference Index. The written covered call options on the Reference Index are held until expiration. The Reference Index is an equity benchmark which measures the performance of the small-capitalization sector of the U.S. equity market, as defined by FTSE Russell (the Index Provider ). In seeking to track the Underlying Index, the Fund follows a buy-write (also called a covered call) investment strategy on the Reference Index in which the Fund purchases the component securities of the Reference Index or purchases other investments (including other underlying ETFs) that have economic characteristics that are substantially identical to the economic characteristics of such component securities, and also writes (or sells) call options that correspond to the Reference Index.

ETFs related toRYLD

ETFs correlated to RYLD include XAUG, LGRO, XYLD

RYLD
Global X Funds - Global X Russell 2000 Covered Call ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
SMLF
BlackRock Institutional Trust Company N.A. - iShares U.S. Small-Cap Equity Factor ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
MDY
State Street Global Advisors - S&P MidCap 400 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRYLD

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RYLD using Composer

FAQ

RYLD is a US Equities ETF. The Global X Russell 2000 Covered Call ETF (RYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 BuyWrite Index. The Underlying Index measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the Russell 2000 Index (the Reference Index ), and writes (or sells) a succession of one-month at-the-money covered call options on the Reference Index. The written covered call options on the Reference Index are held until expiration. The Reference Index is an equity benchmark which measures the performance of the small-capitalization sector of the U.S. equity market, as defined by FTSE Russell (the Index Provider ). In seeking to track the Underlying Index, the Fund follows a buy-write (also called a covered call) investment strategy on the Reference Index in which the Fund purchases the component securities of the Reference Index or purchases other investments (including other underlying ETFs) that have economic characteristics that are substantially identical to the economic characteristics of such component securities, and also writes (or sells) call options that correspond to the Reference Index.

RYLD tracks the Cboe Russell 2000 BuyWrite Index.

No, RYLD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, RYLD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RYLD is -0.0127%. This is the percent change in the value of RYLD over the most recent 1-month period. The 3-month return on RYLD is -0.0077%. This is the percent change in the value of RYLD over the most recent 3-month period.

The standard deviation of RYLD for the past year is 0.132%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RYLD include QYLD, VXX, and VIXY.

ETFs correlated to RYLD include XAUG, LGRO, and XYLD.

ETFs that are inversely correlated to RYLD include TZA, SRTY, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.