RYLDGlobal X Russell 2000 Covered Call ETF
Seeks to correspond to the price and yield performance of the Cboe Russell 2000 BuyWrite Index.
By Global X Funds · Launched 2019
0.60%
#3,108 of 5,562 · average
$1.3B
#955 of 5,562 · large
11.65%
7 years
#1,898 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Cboe Russell 2000 BuyWrite Index
What it actually holds
By weightConcentration
Top 8 holdings = 99.9% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to correspond to the price and yield performance of the Cboe Russell 2000 BuyWrite Index.
- Strategy
- Invests primarily in securities of the Russell 2000 Index and writes covered call options on this index. The strategy aims to generate income through option premiums while holding the underlying stocks.
- Inception date
- April 18, 2019
- Fund family
- Global X Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19