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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)
$23,790,367
AUM
$1,348,081,200
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
32.65%
IRDM
Iridium Communications Inc
0.24%
EME
Emcor Group, Inc.
0.24%
SAIA
Saia Inc.
0.23%
TXRH
Texas Roadhouse Inc
0.23%
CROX
Crocs Inc
0.23%
SWAV
ShockWave Medical Inc
0.23%
INSP
Inspire Medical Systems Inc
0.22%
KNSL
Kinsale Capital Group Inc
0.20%
APLS
Apellis Pharmaceuticals 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 XYLD, QYLD, NUSC

RYLD
Global X Funds - Global X Russell 2000 Covered Call ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 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.

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 -0.0723%. This is the percent change in the value of RYLD over the most recent 1-month period. The 3-month return on RYLD is -0.0223%. 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 0.1758%. 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 PKW, DIVO, and HDGE.

ETFs correlated to RYLD include XYLD, QYLD, and NUSC.

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

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.