Global X is trading at 16.07 as of the 11th of October 2024, a 0.43 percent decrease since the beginning of the trading day. The etf's lowest day price was 15.96. Global X has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Global X Russell are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of September 2024 and ending today, the 11th of October 2024. Click here to learn more.
The fund invests at least 80 percent of its total assets in component securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Gx Russell is traded on NYSEARCA Exchange in the United States.. More on Global X Russell
Nam To, Wayne Xie, Kimberly Chan, Vanessa Yang, William Helm, Sandy Lu
Transfer Agent
Brown Brothers Harriman & Co.
Fiscal Year End
31-Oct
Exchange
NYSE Arca, Inc.
Number of Constituents
10.0
Market Maker
Susquehanna
Total Expense
0.63
Management Fee
0.6
Country Name
USA
Returns Y T D
5.51
Name
Global X Russell 2000 Covered Call
Currency Code
USD
Open Figi
BBG00NX045K4
In Threey Volatility
11.78
1y Volatility
8.81
200 Day M A
16.2944
50 Day M A
15.9702
Code
RYLD
Updated At
10th of October 2024
Currency Name
US Dollar
In Threey Sharp Ratio
(0.46)
Global X Russell [RYLD] is traded in USA and was established 2019-04-18. The fund is listed under Derivative Income category and is part of Global X Funds family. The entity is thematically classified as Small Cap ETFs. Global X Russell at this time have 1.25 B in assets. , while the total return for the last 3 years was -2.8%.
Check Global X Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X Russell Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
When determining whether Global X Russell is a strong investment it is important to analyze Global X's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Global X's future performance. For an informed investment choice regarding Global Etf, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Global X Russell. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of Global X Russell is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global X's market value can be influenced by many factors that don't directly affect Global X's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.