RYLD vs SPY: Complete Comparison
Global X Russell 2000 Covered Call ETF vs SPDR S&P 500 ETF Trust โ overlap, correlation, performance & risk analysis
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ SPY wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SPY wins with better expense ratio. Consider SPY for your portfolio, but RYLD is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
4 shared holdings representing 0.3% portfolio overlap
Top Shared Holdings
| # | Stock | RYLD Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | CVNA Carvana Co | 0.50% | 0.11% | 0.11% |
| 2 | AXON Axon Enterprise | 0.40% | 0.08% | 0.08% |
| 3 | SMCI Super Micro Computer | 1.20% | 0.06% | 0.06% |
| 4 | TPL Texas Pacific Land | 0.40% | 0.06% | 0.06% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in RYLD
Unique to RYLD
| Symbol | Name | Weight |
|---|---|---|
| IWM | Russell 2000 Index (via derivatives) | 45.00% |
| MSTR | MicroStrategy Inc | 0.90% |
| ANF | Abercrombie & Fitch | 0.70% |
| BOOT | Boot Barn Holdings | 0.60% |
| CELH | Celsius Holdings | 0.50% |
Top Holdings Only in SPY
Unique to SPY
| Symbol | Name | Weight |
|---|---|---|
| NVDA | NVDA | 7.73% |
| AAPL | AAPL | 6.82% |
| MSFT | MSFT | 6.11% |
| AMZN | AMZN | 3.81% |
| GOOGL | GOOGL | 3.08% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.
Want deeper analysis on RYLD or SPY?
Complement your EigenDex analysis with these research tools.
Some links may be affiliate links. We may earn a commission at no extra cost to you. This helps support EigenDex as a free tool. We only recommend tools we believe provide genuine value to investors.