RYLG vs SPY
Global X Russell 2000 Covered Call & Growth ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. RYLG delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RYLG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $9M | $821.1B | |
| Dividend Yield | 10.35% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +17.53% | +12.68% | |
| 1Y Return | +28.42% | +21.82% | |
| 3Y Return (annualized) | +14.59% | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 13.9% | 15.3% | |
| Max Drawdown | -22.8% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 4, 2022 | Jan 22, 1993 |
RYLG vs SPY Performance
Global X Russell 2000 Covered Call & Growth ETF (RYLG) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RYLG returned +28.42% while SPY returned +21.82%. Year to date, RYLG is up 17.53% versus a gain of 12.68% for SPY.
Over three years, RYLG compounded at +14.59% per year against +21.98% for SPY. Across the full 4-year window we track, RYLG has the edge at +11.40% annualized vs +8.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.9% for RYLG. 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 -22.8% for RYLG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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
RYLG charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, RYLG currently yields 10.35% against 1.01% for SPY.
Holdings Overlap
RYLG and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RYLG or SPY?
RYLG has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, RYLG or SPY?
Over the past year RYLG returned +28.42% vs +21.82% for SPY, so RYLG leads on 1-year performance. Over the longest common window we track (4 years), RYLG annualized +11.40% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, RYLG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.9% for RYLG. Worst drawdown: RYLG -22.8% vs SPY -56.5%.
Should I hold both RYLG and SPY?
RYLG and SPY have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RYLG and SPY?
RYLG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, RYLG or SPY?
RYLG yields 10.35% while SPY yields 1.01%, so RYLG currently pays the higher dividend yield.
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