Global X Russell 2000 Covered Call & Growth ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
RYLG follows a "buy-write” strategy, in which the Fund buys the stocks in the Russell 2000 Index and writes corresponding call options on approximately 50% of the value of the portfolio of stocks in the same index. |
Category | US Equities |
Fund Sponsor | Global X |
Website | www.globalxetfs.com |
Inception date | Oct 05, 2022 |
Assets (mns) | $8 |
Currency | USD |
Expense ratio | 60 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | |
Index replication | |
Uses derivatives | Yes |
Options available | Yes |
No. of constituents | 1 |
Wgt avg mkt cap (mns) | $4,246 |
Large cap (>$10bn) | 4.0% |
Mid cap ($2-10bn) | 63.1% |
Small cap (<$2bn) | 33.9% |
Developed mkts | 101.1% |
Emerging mkts | 0.0% |
VANGUARD RUSSELL 2000 ETF | 101.2 % |
CASH | -1.2 % | Total | 100.0 % |
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UNITED STATES | 92.4 % | |
BERMUDA | 1.2 % | |
NETHERLANDS | 0.7 % | |
CAYMAN ISLANDS | 0.4 % | |
CANADA | 0.4 % | |
IRELAND | 0.4 % | |
SWITZERLAND | 0.3 % | |
BRITAIN | 0.3 % | |
BRAZIL | 0.3 % | |
PUERTO RICO | 0.3 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
-1.2% | 8.3% | -- | -- | 3.1% |
versus... | Beta | R-squared |
S&P500 | 0.84 | 65% |
MSCI EAFE | 0.70 | 55% |
MSCI Emg. Mkts. | 0.50 | 40% |
Recent close | $25.51 |
30d moving avg. | $23.85 |
Annualized volatility | 15.6% |
Short interest (ETF) | 0.2% |
Relative strength (RSI) | 69 |
Avg. volume (thou.) | 2 |
Turnover | 0.7% |
Bid/Ask (% of price) | 0.30% |
ADV underlying (mns) | $42,043 |
FINDING ALTERNATIVE FUNDS
Below is a list of 1 potential alternatives to the Global X Russell 2000 Covered Call & Growth ETF ETF based on the alternatives' overlap in portfolio holdings with RYLG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | RYLG | Expense: | 60 bp | ALTAR Score™: | 3.2% |
Ticker | Fund Name |
Overlap1 vs RYLG (%) |
Expense ratio (bp) |
Savings vs RYLG (bp) |
ALTAR Score™ (%) |
ALTAR vs RYLG (%) |
RYLD | Global X Russell 2000 Covered Call ETF | 21.2 | 60 | 0 | 3.3 | +0.1 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
---|---|---|---|
Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Global X Russell 2000 Covered Call & Growth ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
AVOID |
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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