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RYLDGlobal X Russell 2000 Covered Call ETF

Get income7y track recordRanked #446 of 1,650 in this goal

Seeks investment results that correspond generally to the price and yield performance of the Cboe Russell 2000 BuyWrite Index.

By Global X Funds · Launched 2019

Annual Cost

0.60%

#3,229 of 5,853 · average

Fund Size

$1.4B

#962 of 5,853 · large

Dividend YieldGoal

6.81%

Track Record

7 years

#1,864 of 5,853 · established

Performance

Total-return NAV · USD
Growth of $10,000
$12,289+22.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Cboe Russell 2000 BuyWrite Index

What it actually holds

By weight

Concentration

Top 9 holdings = 100.0% of fundconcentrated

Global X Russell 2000 ETF
102.0%
N/A
0.0%
N/A
0.0%
CORPORATE ACTION
0.0%
N/A
0.0%
N/A
0.0%
N/A
0.0%
RAIN ONCOLOGY INC
0.0%
N/ARUK26C Y 2785.0 US Index
-2.0%

Asset allocation

Stocks
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.7%Moderate

Year-on-year price swings

Max drawdown
-41.6%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.40Below average
Sortino (3Y)
0.57Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks investment results that correspond generally to the price and yield performance of the Cboe Russell 2000 BuyWrite Index.
Strategy
Invests at least 80% of total assets in component securities of the Cboe Russell 2000 BuyWrite Index, employing a covered call strategy on the Russell 2000 Index. The Fund does not seek to outperform the Underlying Index and aims for high correlation with its performance.
Inception date
April 18, 2019
Fund family
Global X Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

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 2026-08-02