Global X Russell 2000 Covered Call ETF (RYLD)


Market Price (9/10/2026): $15.97

Global X Russell 2000 Covered Call ETF (RYLD)


Market Price (9/10/2026): $15.97

Key Takeaways

  • RYLD has returned +12.5% YTD vs +12.1% for SPY; +17.8% over the past 12 months (SPY +18.2%). details →
  • Priced in gold, RYLD has returned -43.0% over the past 3 years, vs +30.4% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, RYLD has seen net inflows of +$14M (+1.0% of assets). details →
  • Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.4 vs 1.0. details →
  • RYLD's +12.5% YTD is ahead of its typical pace — it averaged +3.2% at this point (September 9) over the past 5 years. details →
Last updated: 9/9/2026.

Price Chart

Asset Allocation with RYLD

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+5.8%
Volatility
9.2%
Sharpe
0.35
YTD
+8.9%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
Learn More →
Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for RYLD

Total Weights
Top 5: 100.7% | Top 10: 100.7% | Top 20: 100.7%

TickerHoldingETF WeightSales WeightEarnings WeightFwd P/SFwd P/EFwd Sales GrowthFwd Earnings Growth
Total0.00%0.00%0.00%
Top 200.00%0.00%0.00%
RSSLGlobal X Russell 2000 ETF100.69%
RAINRain Enhancement Technologies Holdco0.00%
[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 9/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 9/30/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for RYLD Top Holdings

TickerHoldingWeightMkt Price
9/9
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
RYLDGlobal X Russell 2000 Covered Call ETF100.00%16.04-1.1%-1.7%12.5%17.8%30.4%15.2% 
RSSLGlobal X Russell 2000 ETF100.69%113.81-1.3%-3.0%18.2%23.8%   
RAINRain Enhancement Technologies Holdco0.00%0.71-13.6%-39.9%-87.9%-87.0%   

Guidance Updates for RYLD Top Holdings

 

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RYLD Return22%-13%0%10%6%14%41%
Peers Return17%-12%20%19%12%9%80%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
RYLD Win Rate75%42%58%67%67%89% 
Peers Win Rate75%34%69%80%78%69% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
RYLD Max Drawdown-7%-19%-11%-6%-19%-6% 
Peers Max Drawdown-5%-19%-7%-7%-18%-7% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: JEPI, JEPQ, QQQI, QYLD, XYLD.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/9/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
RYLD1.370.430.01
Equity Top Results (3Y)   
IALT2.082.082.08
VLUE2.531.420.74
SPMO0.941.370.79
CORO1.351.331.33
CGDV1.281.310.94

Results as of 8312026.

How Low Can It Go

EventRYLDS&P 500
2025 US Tariff Shock
  % Loss-19.0%-18.8%
  % Gain to Breakeven23.5%23.1%
  Time to Breakeven199 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-18.2%-24.5%
  % Gain to Breakeven22.3%32.4%
  Time to Breakeven1124 days427 days
2020 COVID-19 Crash
  % Loss-41.4%-33.7%
  % Gain to Breakeven70.6%50.9%
  Time to Breakeven295 days140 days

Compare to JEPI, JEPQ, QQQI, QYLD, XYLD

In The Past

Global X Russell 2000 Covered Call ETF's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRYLDS&P 500
2020 COVID-19 Crash
  % Loss-41.4%-33.7%
  % Gain to Breakeven70.6%50.9%
  Time to Breakeven295 days140 days

Compare to JEPI, JEPQ, QQQI, QYLD, XYLD

In The Past

Global X Russell 2000 Covered Call ETF's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

RYLD Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF-5.2%158.299092026167.03813202627
IJHiShares Core S&P Mid-Cap ETF-5.2%74.56909202678.67816202624
MDYState Street SPDR S&P MIDCAP 400 ETF Trust-5.2%679.659092026716.91816202624
IVOOVanguard S&P Mid-Cap 400 ETF-5.2%126.199092026133.08816202624
IJRiShares Core S&P Small-Cap ETF-5.1%142.709092026150.44816202624
SCHASchwab U.S. Small-Cap ETF-5.6%34.10909202636.13630202671
NUSCNuveen ESG Small-Cap ETF-5.6%50.29909202653.27816202624
AKREAkre Focus ETF-7.7%57.11909202661.85830202610
IWPiShares Russell Mid-Cap Growth ETF-6.3%138.459092026147.70817202623
VOTVanguard Mid-Cap Growth ETF-5.7%296.139092026314.02816202624
IJKiShares S&P Mid-Cap 400 Growth ETF-6.1%111.859092026119.11817202623
MDYGState Street SPDR S&P 400 Mid Cap Growth ETF-6.1%106.739092026113.69817202623
IWOiShares Russell 2000 Growth ETF-6.2%370.959092026395.65816202624
VBKVanguard Small-Cap Growth ETF-6.4%342.839092026366.24817202623
IJTiShares S&P Small-Cap 600 Growth ETF-6.6%167.249092026179.07804202636
SLYGState Street SPDR S&P 600 Small Cap Growth ETF-6.6%111.679092026119.50804202636
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.7%34.04909202637.30622202679
EWYiShares MSCI South Korea ETF-13.0%190.789092026219.20621202680
EWZiShares MSCI Brazil ETF-8.8%38.07909202641.734142026148
FXIiShares China Large-Cap ETF-9.7%34.55909202638.265132026119
ILFiShares Latin America 40 ETF-5.1%36.16909202638.104142026148
KWEBKraneShares CSI China Internet ETF-19.1%24.78909202630.643162026177
MTUMiShares MSCI USA Momentum Factor ETF-10.4%309.299092026345.22622202679
SPHQInvesco S&P 500 Quality ETF-6.3%84.43909202690.10630202671
FNDASchwab Fundamental U.S. Small Company ETF-5.2%36.50909202638.52816202624
SPMOInvesco S&P 500 Momentum ETF-7.0%150.309092026161.66622202679
URAGlobal X Uranium ETF-19.6%46.86909202658.265062026126
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-15.5%35.18909202641.635132026119
ROBOROBO Global Robotics & Automation Index ETF-12.5%79.05909202690.34602202699
LITGlobal X Lithium & Battery Tech ETF-19.5%73.77909202691.625112026121
ICLNiShares Global Clean Energy ETF-24.2%18.01909202623.75602202699
ARKQARK Autonomous Technology & Robotics ETF-15.2%122.039092026143.825282026104
ARKXARK Space & Defense Innovation ETF-15.6%31.84909202637.745282026104
NASATema Space Innovators ETF-43.7%23.59909202641.895272026105
AGIXKraneShares Artificial Intelligence ETF-6.4%46.22909202649.406012026100
DRSKAptus Defined Risk ETF-5.2%28.12909202629.676012026100
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-6.0%67.05909202671.30825202615
XLKState Street Technology Select Sector SPDR ETF-5.2%187.879092026198.21602202699
XLVState Street Health Care Select Sector SPDR ETF-5.2%166.589092026175.68819202621
XLIState Street Industrial Select Sector SPDR ETF-7.9%171.799092026186.51816202624
XLCState Street Communication Services Select Sector SPDR ETF-6.9%110.839092026119.104192026143
XLYState Street Consumer Discretionary Select Sector SPDR ETF-7.9%112.469092026122.065282026104
XLPState Street Consumer Staples Select Sector SPDR ETF-5.0%83.05909202687.45824202616
XLUState Street Utilities Select Sector SPDR ETF-8.9%42.94909202647.154092026153
IYJiShares U.S. Industrials ETF-7.2%157.719092026169.86804202636
SMHVanEck Semiconductor ETF-14.1%574.299092026668.91622202679
SOXXiShares Semiconductor ETF-18.8%532.009092026655.01622202679
IBBiShares Biotechnology ETF-5.3%205.499092026216.96819202621
XBIState Street SPDR S&P Biotech ETF-6.0%159.389092026169.55819202621
ITAiShares U.S. Aerospace & Defense ETF-13.3%219.459092026253.22816202624
IGViShares Expanded Tech-Software Sector ETF-7.7%101.839092026110.32827202613
IYTiShares U.S. Transportation ETF-9.2%81.71909202690.01716202655
KREState Street SPDR S&P Regional Banking ETF-5.7%73.45909202677.93816202624
MISLFirst Trust Indxx Aerospace & Defense ETF-13.6%42.50909202649.195282026104
RINGiShares MSCI Global Gold Miners ETF-6.3%87.27909202693.17825202615
SOXQInvesco PHLX Semiconductor ETF-18.4%93.959092026115.11622202679
TLTiShares 20+ Year Treasury Bond ETF-5.8%81.73909202686.78629202672
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.1%24.98909202626.33629202672
EDVVanguard World Funds Extended Duration ETF-8.6%59.82909202665.43624202677
SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF-5.0%21.27909202622.40629202672
LMUBiShares Long-Term National Muni Bond ETF-5.4%48.24909202651.00705202666
GSGiShares GSCI Commodity-5.8%30.01909202631.853182026175
GLDSPDR Gold Trust-15.3%403.359092026476.243112026182
IAUiShares Gold Trust-16.0%81.95909202697.553112026182
GLDMSPDR Gold MiniShares Trust-15.2%87.039092026102.593112026182
SGOLETFS Physical Swiss Gold Shares-9.6%44.66909202649.393112026182
BARDirexion Daily Gold Bull 3X Shares-13.2%44.34909202651.063112026182
SLViShares Silver Trust-25.2%59.37909202679.355132026119
PPLTETFS Physical Platinum Shares-13.2%17.15909202619.763112026182
CPERUnited States Copper Index Fund ETV-7.7%33.33909202636.123112026182
PALLETFS Physical Palladium Shares-17.7%24.57909202629.853112026182
UNGUnited States Natural Gas Fund LP-22.6%10.09909202613.043122026181
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85909202660.135042026128
VNQVanguard Real Estate ETF-6.0%94.949092026100.95728202643
XLREState Street Real Estate Select Sector SPDR ETF-5.7%43.41909202646.01728202643
SCHHSchwab U.S. REIT ETF-6.6%23.23909202624.86726202645
IYRiShares U.S. Real Estate ETF-5.9%100.919092026107.26728202643
REETiShares Global REIT ETF-6.2%27.09909202628.89726202645
USRTiShares Core U.S. REIT ETF-7.4%64.65909202669.82726202645

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-09

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$22.3B), followed by Bond (+$18.1B), while Real Estate (−$459M) saw the largest outflows.
  • Within the mix, money rotated into Short Treasury (+$9.2B) and out of US Large Cap Core (−$8.4B).
  • Relative to fund size, CNEQ drew the largest inflow (+81.7% of AUM) and SNXX the largest outflow (−39.9%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$40.78B+3.9%
2VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$7.67B+1.1%
3SGOViShares 0-3 Month Treasury Bond ETFCash+$7.02B+6.7%
4VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.7B+15.2%
5GLDSPDR Gold SharesCommodity Gold+$4.67B+3.1%
6SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.88B+3.5%
7AVLVAvantis U.S. Large Cap Value ETFOther+$3.82B+17.7%
8VXUSVanguard Total International Stock ETFEquity International Broad+$3.1B+1.9%
9BNDVanguard Total Bond Market ETFBond US Aggregate Core+$2.88B+1.8%
10RSPInvesco S&P 500 Equal Weight ETFEquity Factor Smart Beta+$2.83B+2.8%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$46.35B-5.2%
2SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core-$4.8B-2.8%
3XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$3.44B-6.2%
4QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth-$3.05B-0.6%
5LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$2.87B-8.7%
6VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.57B-6.0%
7HYGiShares iBoxx $ High Yield Corporate Bond ETFBond High Yield Corporate-$2.45B-14.9%
8DRAMRoundhill Memory ETFOther-$1.99B-7.6%
9GOVTiShares U.S. Treasury Bond ETFBond Intermediate Treasury-$1.85B-4.2%
10IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.1B-1.3%

Largest ETF fund flows across ~2637 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About RYLD

0Holdings Count: 8
Expense Ratio: 0.6%
Inception Date: 2019-04-17
Global X - Russell 2000 Covered Call ETF
The Global X Russell 2000 Covered Call ETF, identified by its ticker RYLD, aims to replicate the total return—encompassing both price appreciation and income generation—of the Cboe Russell 2000 BuyWrite Index. This objective is measured before accounting for the ETF's own associated fees and operational expenses.
Asset Class: Equity | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

RYLDJEPIJEPQQQQIQYLDXYLDMedian
NameGlobal X R.JPMorgan E.J.P. Morga.NEOS Nasda.Global X F.Global X S. 
Asset ClassEquityEquityEquityEquityEquityEquity-
AUM ($ Bil)1.446.142.414.18.33.311.2
Expense Ratio0.60%0.35%0.35%0.68%0.60%0.60%0.60%
10-D Avg Volume (Mil)0.545.116.815.795.010.685.06
Latest Day Volume (Mil)0.191.902.921.631.290.101.46
Holdings Count813511010103505106
Inception Date4/17/20195/20/20205/3/20221/29/202412/11/20136/21/2013-

Fundamentals

RYLDJEPIJEPQQQQIQYLDXYLDMedian
NameGlobal X R.JPMorgan E.J.P. Morga.NEOS Nasda.Global X F.Global X S. 
Net Asset Value16.2657.2159.8654.1118.3641.65-
Premium/Discount-1.4%-1.2%-0.1%0.9%-0.1%-0.4%-0.2%
Distribution Yield11.7%8.1%10.9%14.0%11.6%10.4%11.2%
Sales Yield-30.9%43.7%16.1%16.1%51.4%30.9%
Earnings Yield-3.9%6.1%3.1%3.1%6.7%3.9%

Valuation

RYLDJEPIJEPQQQQIQYLDXYLDMedian
NameGlobal X R.JPMorgan E.J.P. Morga.NEOS Nasda.Global X F.Global X S. 
P/S (TTM)-3.2x2.3x6.2x6.2x1.9x3.2x
P/E (TTM)-25.4x16.3x32.2x32.2x15.0x25.4x
P/FCF (TTM)-31.1x9.2x47.2x46.9x9.8x31.1x
Forward P/E---21.0x21.0x7.5x21.0x
Forward P/S---5.0x5.0x1.6x5.0x

Risk

RYLDJEPIJEPQQQQIQYLDXYLDMedian
NameGlobal X R.JPMorgan E.J.P. Morga.NEOS Nasda.Global X F.Global X S. 
Volatility (1Y)10.4%8.1%14.7%16.5%11.2%7.0%10.8%
Volatility (3Y)12.8%10.1%15.7%17.6%13.5%10.3%13.2%
Volatility (5Y)13.9%11.1%16.8%17.6%15.0%11.3%14.5%
Beta (1Y)0.620.431.031.180.730.480.68
Beta (3Y)0.710.570.971.070.780.600.75
Beta (5Y)0.670.570.941.070.770.580.72
Sharpe Ratio (1Y)1.620.891.221.001.792.281.42
Sharpe Ratio (3Y)0.730.881.191.061.061.191.06
Sharpe Ratio (5Y)0.270.650.951.060.580.700.67
Max Drawdown (1Y)-6.3%-6.7%-8.8%-9.6%-5.8%-5.3%-6.5%
Max Drawdown (3Y)-19.0%-13.3%-20.1%-20.0%-19.1%-15.5%-19.1%
Max Drawdown (5Y)-21.3%-13.7%-20.1%-20.0%-24.6%-18.7%-20.0%

Returns

RYLDJEPIJEPQQQQIQYLDXYLDMedian
NameGlobal X R.JPMorgan E.J.P. Morga.NEOS Nasda.Global X F.Global X S. 
1M Return-1.7%-1.9%0.2%-1.0%1.0%-0.2%-0.6%
3M Return4.0%2.7%3.5%1.1%4.8%4.8%3.8%
6M Return9.8%0.7%9.3%10.3%9.2%7.4%9.2%
YTD Return12.5%3.6%10.2%10.0%11.3%8.9%10.1%
1Y Return17.8%7.1%18.4%16.3%21.5%17.1%17.4%
2Y Return26.4%13.6%41.7%44.9%32.5%27.3%29.9%
3Y Return29.5%28.8%68.6%-49.8%42.1%42.1%

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity1.8 Mil
Short Interest: % Change Since 73120267.5%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest3.9 days