Outperformance of Covered Call ETFsCovered call ETFs (XYLD, QYLD, and RYLD) have significantly outperformed their tracking indexes (SPY, QQQ, and IWM) this year.
Key stats
About GLOBAL X FDS
Home page
Inception date
Apr 17, 2019
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
RYLD tracks the Russell 2000 index while holding a succession of one-month at-the-money option of the index. The fund follows a buy-write (or covered call) strategy on the underlying index, where it buys the constituent securities of the index, or purchases other investments with substantially identical economic characteristics. At the same time, the fund writes (or sells) call options that correspond to the index. This strategy has a few effects. One, the obligation of the sold calls limits the upside of the overall fund, and two, the premium income from the written calls protects the fund against stagnant prices or small losses.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
RYLD trades at 15.15 USD today, its price has fallen −2.88% in the past 24 hours. Track more dynamics on RYLD price chart.
RYLD net asset value is 14.75 today — it's risen 3.10% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
RYLD assets under management is 1.30 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
RYLD price has fallen by −2.88% over the last month, and its yearly performance shows a −3.50% decrease. See more dynamics on RYLD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.58% increase in three-month performance and has increased by 4.06% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.58% increase in three-month performance and has increased by 4.06% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
RYLD invests in funds. See more details in our Analysis section.
RYLD expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, RYLD isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, RYLD pays dividends to its holders with the dividend yield of 13.01%.
RYLD trades at a premium (2.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
RYLD shares are issued by Mirae Asset Global Investments Co., Ltd.
RYLD follows the CBOE Russell 2000 BuyWrite Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 17, 2019.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.