RYLD

Global X Russell 2000 Covered Call ETF

IWMIssuer: Global XInception: April 17, 2019

5.9

Overall Score

Strategy & Profile

Applies the same BuyWrite strategy as QYLD/XYLD but on the Russell 2000 small caps. Sells ATM calls on RUT each month. The only significant covered call ETF on small caps with a long track record.

TTM Yield: ~12%

Strengths

  • ✓Unique small cap exposure
  • ✓High yield driven by small cap volatility
  • ✓Good downside protection (8.07/10)

Weaknesses

  • ✗Small caps are inherently riskier
  • ✗Low upside participation (5.73/10)
  • ✗Lower liquidity than S&P 500 peers

Investor Profile

Investor seeking small cap diversification with income overlay

Verdict

Niche but useful for diversification — RYLD is the only way to get small cap income overlay in a liquid ETF

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Key Metrics

Expense Ratio

0.600%

Inception Date

April 17, 2019

Benchmark

IWM

Category

Covered Call - Small Cap

Distribution Frequency

Monthly

Maturity Rating

4/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.