IWMW vs RYLD: Income Fund Comparison
iShares Russell 2000 BuyWrite - US (IWMW) and GlobalX Russell 2000 Covered Call ETF - US (RYLD) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: IWMW individual review · RYLD individual review
| IWMW | RYLD | |
|---|---|---|
| Fund Name | iShares Russell 2000 BuyWrite - US | GlobalX Russell 2000 Covered Call ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | 2025-07-10 | 2026-03-06 |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: IWMW vs RYLD 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
Expense ratio is 0.39 percent as of the current prospectus which is low for an options ETF.
Total expense ratio is 0.60% which is reasonable for a covered call ETF.
The total assets managed by iShares are in the trillions.
Mirae Asset Global Investments - a South Korean financial services company - manages over $632 billion in assets worldwide.
The fund launched March 14 2024 so it has less than two years of operating history.
Fund inception date was April 17th 2019 - over 6 years of history as of review date.
Net assets are $25 million as of July 2025 which is small for an ETF.
$1.30 Billion in assets under management as of March 2026.
Risk: IWMW vs RYLD 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
See the full Risk analysis for both IWMW and RYLD — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: IWMW vs RYLD 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
See the full Return analysis for both IWMW and RYLD — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both IWMW and RYLD are available in the Dependable Income Investing app.
Frequently Asked Questions: IWMW vs RYLD
Which has a lower expense ratio, IWMW or RYLD?
IWMW: Expense ratio is 0.39 percent as of the current prospectus which is low for an options ETF.
RYLD: Total expense ratio is 0.60% which is reasonable for a covered call ETF.
Which fund has more assets under management, IWMW or RYLD?
IWMW: Net assets are $25 million as of July 2025 which is small for an ETF.
RYLD: $1.30 Billion in assets under management as of March 2026.
Which fund has been trading longer, IWMW or RYLD?
IWMW: The fund launched March 14 2024 so it has less than two years of operating history.
RYLD: Fund inception date was April 17th 2019 - over 6 years of history as of review date.
Who manages IWMW vs RYLD?
IWMW: The total assets managed by iShares are in the trillions.
RYLD: Mirae Asset Global Investments - a South Korean financial services company - manages over $632 billion in assets worldwide.
Where can I see the full IWMW vs RYLD comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
See the Full IWMW vs RYLD Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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