Global X S&P 500 Covered Call ETFXYLD
XYLD
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
98% more call options, than puts
Call options by funds: $1.22M | Put options by funds: $618K
29% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 73
2% less funds holding
Funds holding: 223 [Q2] → 219 (-4) [Q3]
6.19% less ownership
Funds ownership: 44.23% [Q2] → 38.04% (-6.19%) [Q3]
14% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 28
14% less capital invested
Capital invested by funds: $1.28B [Q2] → $1.09B (-$183M) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 8 [Q2] → 6 (-2) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for XYLD.
Financial journalist opinion
Negative
Seeking Alpha
3 weeks ago
XYLD: There Are Better Alternatives
Despite reduced market volatility, XYLD's aggressive covered-call strategy still results in permanent losses for owners, underperforming the S&P 500 significantly as well as other short-premium funds. XYLD's aggressive strategy to sell 2% OTM short-dated options continues to underperform due to volatility whip-lashing, making it a poor investment choice compared to Alternatives. Avoiding XYLD moving forward and looking to switch holdings to SPY or PUTW will likely generate better long-term returns and income.
Positive
Seeking Alpha
1 month ago
XYLD: Managing S&P 500 Uncertainty With A Covered Call Strategy
XYLD is not designed to outperform the S&P 500, but to generate a consistent and competitive stream of dividends compared to other investment solutions. It could also serve as a hedging tool during periods of "uncertainty", given its dividend yield of 9.44% and lower volatility compared to SPY, despite maintaining a positive correlation. The market is currently in a phase of uncertainty, driven by inflation, Federal Reserve actions, and political changes.
Positive
Zacks Investment Research
1 month ago
Covered Call ETF (XYLD) Hits New 52-Week High
For investors seeking momentum, Global X S&P 500 Covered Call ETF XYLD is probably on the radar. The fund just hit a 52-week high and has moved up 10.5% from its 52-week low of $37.93 per share.
Positive
Seeking Alpha
1 month ago
XYLD: A Solid Income Play Or Missed Growth?
The Global X S&P 500 Covered Call ETF offers consistent income through premiums but caps upside potential, underperforming in bullish markets. XYLD's systematic one-month call option strategy limits gains compared with similarly actively managed funds, which adapt better to market conditions. XYLD is ideal for income-focused investors with a neutral or bearish market outlook, offering a 9.44% yield but retaining downside risk.
Neutral
Invezz
2 months ago
Are dividend ETFs like QYLD, XYLD, and SPYI worth it?
Active Exchange Traded Funds (ETFs) are booming, with companies like JPMorgan, Goldman Sachs, and Global X fighting to gain market share in the industry. Data shows that these active funds, which often have a higher expense ratio than their passive peers, have taken over 70% of management fee income this year.
Neutral
Seeking Alpha
2 months ago
XYLD: There Are Better Alternatives In The Buy-Write Space
The Global X S&P 500 Covered Call ETF systematically writes 1-month call options, leading to underperformance compared to actively managed peers like EOI, ETV, and XDTE. XYLD's strategy offers lower volatility and better downside protection, evident from its smaller loss in 2022 compared to the S&P 500. Actively managed funds, especially those using zero-day options like XDTE, outperform XYLD in bull markets by better monetizing short-term trends and events.
Negative
Zacks Investment Research
2 months ago
Tap Covered Call ETFs to Earn Higher Income
A covered call strategy is an investing technique that saves one from market selloffs to a large extent.
Neutral
Seeking Alpha
4 months ago
Buy-Write ETFs: Why Buy? The Case For JEPI, XYLD
Buy-Write ETFs are a very interesting financial engineering solution, but they have some inconsistencies. By studying the most commonly used ones, JEPI and XYLD, it's easy to realize that there's not much difference compared to investing in the U.S. stock market. Compared to a classic SPY, we realize that, given the risk, there isn't currently an alpha that is particularly compelling, nor are there significant benefits in terms of portfolio diversification.
Negative
Invezz
4 months ago
JEPI, JEPQ, XYLD, and QYLD ETFs have failed 2 key tests
Covered call ETFs have become highly popular among income-focused investors in the past few years, such that the industry now has over $80 billion in assets. The JPMorgan Equity Premium Income ETF (JEPI) leads the industry with over $33 billion.
Negative
Zacks Investment Research
4 months ago
Time for Covered Call ETFs?
A covered call strategy saves investors from occasional selloffs to a large extent.
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