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ETFs

Global X Russell 2000 Covered Call & Growth ETF

RYLG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 04 2022
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$18,409
AUM
$2,600,400
Associated Index
Cboe Russell 2000 Half BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
100.87%
n/a
CASH
0.49%
n/a
MRUT US 04/21/23 C174
-0.10%
n/a
RUT US 04/21/23 C1735
-1.25%
Invest with RYLG

What is RYLG?

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 Half BuyWrite Index. The Global X Russell 2000 Covered Call & Growth ETF (RYLG) follows a "covered call" or "buy-write" strategy, in which the Fund buys the stocks in the Russell 2000 Index and "writes" or "sells" corresponding call options on approximately 50% of the value of the portfolio of stocks in the same index.

ETFs related toRYLG

ETFs correlated to RYLG include NUSC, VTWO, IWM

RYLG
Global X Funds - Global X Russell 2000 Covered Call & Growth ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid 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 toRYLG

#IWM

Russell 2000

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RYLG using Composer

FAQ

RYLG is a US Equities ETF. The Global X Russell 2000 Covered Call & Growth ETF (RYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 Half BuyWrite Index. The Global X Russell 2000 Covered Call & Growth ETF (RYLG) follows a "covered call" or "buy-write" strategy, in which the Fund buys the stocks in the Russell 2000 Index and "writes" or "sells" corresponding call options on approximately 50% of the value of the portfolio of stocks in the same index.

RYLG tracks the Cboe Russell 2000 Half BuyWrite Index.

No, RYLG 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, RYLG 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 RYLG is -0.0819%. This is the percent change in the value of RYLG over the most recent 1-month period. The 3-month return on RYLG is -0.0271%. This is the percent change in the value of RYLG over the most recent 3-month period.

ETFs similar to RYLG include HDGE, XYLD, and QYLD.

ETFs correlated to RYLG include NUSC, VTWO, and IWM.

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

Disclaimers

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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.