Global X Nasdaq 100 Covered Call & Growth ETF
QYLG

$32

0.16%

Market Cap: $104M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 5

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

6% more funds holding

Funds holding: 31 [Q1] → 33 (+2) [Q2]

5.59% less ownership

Funds ownership: 29.99% [Q1] → 24.4% (-5.59%) [Q2]

22% less capital invested

Capital invested by funds: $34.5M [Q1] → $26.8M (-$7.75M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for QYLG.

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Financial journalist opinion

QYLG: Better Nasdaq 100 Buy/Write Funds Exist

QYLG sells at-the-money call options on 50% of its portfolio, balancing capital appreciation and income, unlike QYLD, which erodes principal over time. The fund has performed as expected and provided a middle ground to capture both capital appreciation and income. Despite QYLG's performance, it is not recommended for long-term investors due to its inability to adapt to market conditions.

QYLG: Better Nasdaq 100 Buy/Write Funds Exist

GPIQ: So Far So Good In This New Fund

Goldman Sachs Nasdaq-100 Core Premium Income ETF is a top-performing covered call fund focused on the Nasdaq index.

GPIQ: So Far So Good In This New Fund

QYLG: A Buy-Write ETF Keeping Some Growth Potential

Global X Nasdaq 100 Covered Call & Growth ETF implements a 50% buy-write strategy on the Nasdaq 100. Its objective is to generate income while keeping more growth potential than a 100% buy-write ETF like QYLD. QYLG has performed quite well compared to its peers over the last 2 years, although it is lagging a bit behind JEPQ.

QYLG: A Buy-Write ETF Keeping Some Growth Potential

QYLG: A Good Transition Away From Straight Nasdaq With Some Downside Benefits

The Global X Nasdaq 100 Covered Call & Growth ETF combines covered calls with capital growth potential. QYLG aims to generate income through selling call options while maintaining exposure to the Nasdaq 100 Index's growth prospects. QYLG offers a balance between income generation and capital appreciation, appealing to investors seeking a middle ground between high-yield and growth-focused funds.

QYLG: A Good Transition Away From Straight Nasdaq With Some Downside Benefits

The mega-cap Tech-heavy Nasdaq 100 is up nearly 1% today as of this writing, which leaves it up 4.5% already in 2024. The Nasdaq 100 is now up 64% during its current bull market that began on 12/28/22.

Nonstop Nasdaq

QYLG: The Better Cousin Of QYLD

Global X Nasdaq 100 Covered Call & Growth ETF writes covered calls on 50% of its holdings, offering better returns and participation in upside compared to its sister QYLD. QYLG offers less protection in bear markets compared to QYLD, resulting in lower total returns during market downturns. QYLG's NAV has shown no decay and its dividends have remained stable, making it a potentially attractive option for long-term investors.

QYLG: The Better Cousin Of QYLD

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