Data as of Nov 4, 2026.
ITWO vs RYLD: Dividend Yield & Total Return
Over the year to Nov 4, 2026, RYLD paid 12.2% of its price in cash against ITWO’s 8.6%, though ITWO returned more with it reinvested.
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Net assets: $182m on Nov 4, 2026 for ProShares Russell 2000 High Income ETF, and $1.3bn on Oct 12, 2026 for Global X Russell 2000 Covered Call ETF.
2.6 pts ahead of IWM
ITWO over 1 year: paid 8.6%, price +12.4%, total +21.6%, IWM +19.0%, +2.6 pts. Data to Nov 4, 2026.
IWM
+19.0%
ITWO
+21.6%
8.6% of it arrived as cash
2.6 pts ahead of IWM
Total return, distributions reinvested
2.6 pts ahead of IWM
ITWO over 1 year: paid 8.6%, price +12.4%, total +21.6%, IWM +19.0%, +2.6 pts. Data to Nov 4, 2026.
IWM
+19.0%
ITWO
+21.6%
2.6 pts ahead of IWM
8.6% of it arrived as cash. Total return, distributions reinvested. ITWO over 1 year: paid 8.6%, price +12.4%, total +21.6%, IWM +19.0%, +2.6 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.5.2 pts behind IWM
RYLD over 1 year: paid 12.2%, price +0.9%, total +13.8%, IWM +19.0%, −5.2 pts. Data to Nov 4, 2026.
IWM
+19.0%
RYLD
+13.8%
12.2% of it arrived as cash
5.2 pts behind IWM
Total return, distributions reinvested
5.2 pts behind IWM
RYLD over 1 year: paid 12.2%, price +0.9%, total +13.8%, IWM +19.0%, −5.2 pts. Data to Nov 4, 2026.
IWM
+19.0%
RYLD
+13.8%
12.2% cash
5.2 pts behind IWM
12.2% of it arrived as cash. Both charts share one scale, 0 to +21.6%. RYLD over 1 year: paid 12.2%, price +0.9%, total +13.8%, IWM +19.0%, −5.2 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +21.6%. Data to Nov 4, 2026.Pair scorecard
ITWO costs 0.05 points a year less; their one-year returns differ by 7.8 points; RYLD is 7.1 times larger.
Points (pts) are percentage points.
| Measure | ITWO | RYLD |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +21.6% | +13.8% |
| Price change, 1 year | rose 12.4% | rose 0.9% |
| Return of capital, issuer estimate | 89% of the Nov 6, 2026 payment | 100% of the Sep 24, 2026 payment |
| Against its benchmark | ||
| Benchmark | Russell 2000, measured through IWM | Russell 2000, measured through IWM |
| Cost and size | ||
| Expense ratio | 0.55% | 0.60% |
| Net assets, as of Oct 12, 2026 | $184m | $1.3bn |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Sep 13, 2024 to Oct 30, 2026 · 111 weekly returns · each against IWMFrom Sep 2024 to Oct 2026, ITWO returned more: +34.0% to +22.6%. RYLD swung less: 10.8% to 17.6%. RYLD fell less at its worst: −15.3% to −22.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | ITWO | RYLD | IWM | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +34.0% | +22.6% | ITWO | Price change plus distributions, reinvested. | |
| Annualized | +14.7% | +10.0% | ITWO | Total return as a yearly rate. | |
| Price return | +6.0% | −5.5% | ITWO | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 17.6% | 10.8% | RYLD | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.8% | 8.4% | RYLD | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −22.2% | −15.3% | RYLD | Deepest fall from a high to the low after it. | |
| Upside capture | 95.1% | 37.7% | 100.0% | ITWO | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 96.7% | 56.7% | 100.0% | RYLD | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.92 | 0.51 | 1.00 | RYLD lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.77 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.64 | 0.56 | ITWO | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.95 | 0.73 | ITWO | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.122 | 0.120 | 0.107 | ITWO (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.66 | 0.65 | Tie | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IWM | IWM | IWM | The ETF each fund is measured against. | |
| Alpha | +1.4% a year | +0.6% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.55 | 0.18 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.6% to +6.4% | −6.4% to +7.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.12 | −0.44 | ITWO | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.0% | 10.6% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 111 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ITWO and RYLD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | ITWO | RYLD | ITWO | RYLD | ITWO | RYLD |
| 3 months | −4.2% | −2.4% | 1.4% | 2.8% | +0.8 pts | +2.6 pts |
| 6 months | +1.3% | +4.6% | 3.0% | 6.0% | +1.7 pts | +5.1 pts |
| 1 year | +21.6% | +13.8% | 8.6% | 12.2% | +2.7 pts | −5.2 pts |
| 3 years | – | +34.4% | – | 34.6% | – | −33.9 pts |
| Since launchNot the same days: ITWO Sep 2024 · RYLD Apr 2019 | +40.0% | +49.6% | 23.6% | 68.4% | +2.7 pts | −51.2 pts |
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ITWO
Over the year to Nov 4, 2026, ITWO paid 8.6% of its starting value in cash distributions while its price rose 12.4%. With every distribution reinvested, the fund returned +21.6%. Russell 2000 (IWM) returned +19.0% over the same days, so a holder was ahead by 2.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.9%, paid monthly. ProShares estimates that 89% of the distribution paid Nov 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
RYLD
Over the year to Nov 4, 2026, RYLD paid 12.2% of its starting value in cash distributions while its price rose 0.9%. With every distribution reinvested, the fund returned +13.8%. Russell 2000 (IWM) returned +19.0% over the same days, so a holder was behind by 5.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.5%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, ITWO against RYLD, data as of Nov 4, 2026. https://etfiq.com/compare/income/itwo-vs-ryld
ETFIQ. (Nov 4, 2026). ITWO against RYLD. Retrieved from https://etfiq.com/compare/income/itwo-vs-ryld
[ITWO against RYLD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/itwo-vs-ryld)
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