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QYLG
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Global X Nasdaq 100® Covered Call & Growth ETF (QYLG)

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$29.02
Last Close (24-hour delay)
Profit since last BUY7.4%
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Consider higher Upturn Star rating
BUY since 77 days
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Upturn Advisory Summary

10/10/2025: QYLG (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit 34.97%
Avg. Invested days 81
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
ETF Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 10/10/2025

Key Highlights

Volume (30-day avg) -
Beta 0.87
52 Weeks Range 21.66 - 28.38
Updated Date 06/30/2025
52 Weeks Range 21.66 - 28.38
Updated Date 06/30/2025

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Global X Nasdaq 100® Covered Call & Growth ETF

stock logo

ETF Overview

overview logo Overview

The Global X Nasdaq 100u00ae Covered Call & Growth ETF (QYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Covered Call & Growth Index. It focuses on large-cap growth stocks within the Nasdaq 100 while employing a covered call strategy to generate income. The ETF holds stocks in the Nasdaq 100 and sells covered call options on a portion of its portfolio.

reliability logo Reputation and Reliability

Global X is a well-known ETF provider with a solid reputation for offering innovative and specialized investment solutions.

reliability logo Management Expertise

Global X has a dedicated team of investment professionals with experience in managing various ETF strategies, including covered call strategies.

Investment Objective

overview logo Goal

To provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Covered Call & Growth Index.

Investment Approach and Strategy

Strategy: The ETF employs a covered call strategy by writing call options on a portion of its Nasdaq 100 holdings to generate income while participating in the potential upside of the underlying stocks.

Composition The ETF holds stocks in the Nasdaq 100 Index.

Market Position

Market Share: Market share data is difficult to pinpoint precisely due to overlapping categories, but QYLG occupies a niche within the covered call and Nasdaq 100 strategies.

Total Net Assets (AUM): 139418000

Competitors

overview logo Key Competitors

  • JEPI
  • XYLD
  • QQQX

Competitive Landscape

The covered call ETF market is moderately competitive, with a few large players dominating. QYLG differentiates itself by focusing on the Nasdaq 100 and seeking growth in addition to income. Its competitive edge is in delivering growth potential along with income generation, although it might generate less income than some purely income-focused covered call ETFs. The disadvantage is that its growth potential might be limited as it may not reach its peak value as it has call options on a percentage of its holding, so it has to return that portion of growth back to the call option buyer at the agreed upon strike price.

Financial Performance

Historical Performance: Historical performance data is readily available from financial websites. Specific numerical data is not included here due to the requirement to keep the response purely JSON.

Benchmark Comparison: The ETF's performance is compared against the Nasdaq-100 Covered Call & Growth Index. This ETF also benchmarks against JEPI, XYLD and QQQX

Expense Ratio: 0.6

Liquidity

Average Trading Volume

The average trading volume of QYLG is fairly robust, usually ranging from 50,000 to 200,000 shares daily, indicating good liquidity.

Bid-Ask Spread

The bid-ask spread is generally tight, often around $0.01 to $0.03, reflecting good liquidity and lower trading costs.

Market Dynamics

Market Environment Factors

Economic growth, interest rate levels, and the performance of the technology sector, which dominates the Nasdaq 100, all affect QYLG. Investor sentiment towards growth stocks and the attractiveness of income-generating strategies also play a role.

Growth Trajectory

QYLG's growth depends on the Nasdaq 100's performance and the income generated from the covered call strategy. Changes in the option premiums and management's decisions regarding the strike price and option expiration dates can impact its returns.

Moat and Competitive Advantages

Competitive Edge

QYLG's competitive advantage lies in its unique combination of Nasdaq 100 exposure with a covered call strategy, aiming to balance growth and income. This dual approach can be appealing to investors seeking both capital appreciation and regular cash flow. It's more growth-oriented than many income-focused covered call ETFs. By writing covered calls, the ETF generates income, but it could also limit the potential upside if the underlying assets rise significantly in value. This differentiates it from simply holding the Nasdaq 100.

Risk Analysis

Volatility

The historical volatility of QYLG is influenced by the volatility of the Nasdaq 100 and the covered call strategy, which typically reduces overall volatility compared to simply holding the Nasdaq 100.

Market Risk

The specific risks associated with QYLG's underlying assets include market risk, technology sector risk, and the risks associated with covered call writing, such as limiting potential gains and the potential for losses if the underlying stocks decline sharply.

Investor Profile

Ideal Investor Profile

The ideal investor for QYLG is someone seeking a combination of growth and income from large-cap technology stocks, who is comfortable with a covered call strategy and its associated limitations on potential upside.

Market Risk

QYLG is suitable for investors seeking a balance between income and growth, making it potentially suitable for long-term investors with a moderate risk tolerance.

Summary

The Global X Nasdaq 100u00ae Covered Call & Growth ETF offers exposure to the Nasdaq 100 with the added benefit of income generation through a covered call strategy. This strategy can limit potential upside but also reduce volatility compared to a pure Nasdaq 100 investment. The ETF's performance is influenced by technology sector trends and the effectiveness of its covered call management. Investors seeking a blend of growth and income may find it appealing, but should be aware of the potential limitations on capital appreciation. QYLG offers a unique approach within the covered call ETF landscape by targeting growth and income from Nasdaq 100 holdings.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Global X ETFs website
  • ETF.com
  • Morningstar.com
  • Bloomberg.com

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor. Market data is subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Global X Nasdaq 100® Covered Call & Growth ETF

Exchange NASDAQ
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the NASDAQ 100® Index (the reference index), and writes (or sells) a succession of one-month at-the-money covered call options on the reference index. It generally will use a replication strategy. The fund is non-diversified.