RYLD vs SPY
Global X Russell 2000 Covered Call ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RYLD or SPY?
Small Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RYLD | SPY |
|---|---|---|
| Expense Ratio | 0.60% | 0.09%Best |
| AUM | $1.4B | $804.7B |
| Dividend Yield | 11.62% | 0.98% |
| Holdings | 12 | 505 |
| YTD Return | +9.66% | +13.82%Best |
| 1Y Return | +16.01% | +16.96%Best |
| 3Y Return (annualized) | +9.03% | +22.97%Best |
| 5Y Return (annualized) | +2.57% | +13.73%Best |
| Volatility (annualized) | 14.8%Best | 16.6% |
| Max Drawdown | -42.5% | -34.1%Best |
| $10,000 over 5 years | $11,353 | $19,027Best |
| Fund Family | Global X by mirae Asset | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Blend |
| Inception | Apr 17, 2019 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 22, 2019 to Sep 21, 2026 (7.4 years).
RYLD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.4 years both funds cover.
RYLD vs SPY Performance
Global X Russell 2000 Covered Call ETF (RYLD) is an ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RYLD returned +16.01% while SPY returned +16.96%. Year to date, RYLD is up 9.66% versus a gain of 13.82% for SPY.
Over three years, RYLD compounded at +9.03% per year against +22.97% for SPY; over five years the annualized figures are +2.57% and +13.73% respectively. Across the full 7-year window we track, SPY has the edge at +15.27% annualized vs +2.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 14.8% for RYLD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -42.5% for RYLD and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RYLD charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, RYLD currently yields 11.62% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 3 holdings in RYLD and 504 in SPY, totalling 100.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in RYLD and 504 in SPY, against full books of 12 and 505.
You are not choosing between two funds in isolation.
Whichever of RYLD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RYLD or SPY?
RYLD has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, RYLD or SPY?
Over the past year RYLD returned +16.01% vs +16.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), RYLD annualized +2.66% vs +15.27% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RYLD or SPY?
SPY has been the more volatile fund at 16.6% annualized versus 14.8% for RYLD. Worst drawdown: RYLD -42.5% vs SPY -34.1%.
Should I hold both RYLD and SPY?
RYLD and SPY have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, RYLD or SPY?
RYLD yields 11.62% while SPY yields 0.98%, so RYLD currently pays the higher dividend yield.
Is SPY better than RYLD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.