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QYLG
Upturn stock ratingUpturn stock rating

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

Upturn stock ratingUpturn stock rating
$28.77
Last Close (24-hour delay)
Profit since last BUY2.02%
upturn advisory
Consider higher Upturn Star rating
BUY since 9 days
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Upturn Advisory Summary

08/14/2025: QYLG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit 27.33%
Avg. Invested days 67
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 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

ai summary icon Upturn AI SWOT

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 and employs a covered call strategy to generate income.

reliability logo Reputation and Reliability

Global X is a well-established ETF provider known for its innovative and thematic ETF offerings.

reliability logo Management Expertise

Global X has a dedicated team of portfolio managers with experience in options strategies and ETF management.

Investment Objective

overview logo Goal

To provide income and capital appreciation by investing in the stocks of the Nasdaq 100 Index while implementing a covered call strategy.

Investment Approach and Strategy

Strategy: The ETF employs a covered call strategy on approximately 50% of the Nasdaq 100 Index. This involves selling call options on the underlying portfolio to generate income.

Composition Primarily composed of stocks included in the Nasdaq 100 Index, with a portion of the portfolio subject to covered call options.

Market Position

Market Share: QYLG's market share depends on the specific covered call ETF segment. While the exact percentage fluctuates, it's a significant player in the covered call growth strategy ETF market.

Total Net Assets (AUM): 170660000

Competitors

overview logo Key Competitors

  • JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
  • NEOS Nasdaq 100 High Income ETF (QQQI)
  • Global X Nasdaq 100 Covered Call ETF (QYLD)

Competitive Landscape

The competitive landscape involves various covered call ETFs, each with slightly different strategies and expense ratios. QYLG differentiates itself by focusing on growth in addition to income, while QYLD focuses only on income, whereas JEPQ and QQQI implement different covered call approaches. QYLG's advantage lies in its growth potential, but this also implies potentially lower income compared to QYLD.

Financial Performance

Historical Performance: Historical performance data is best obtained from financial data providers.

Benchmark Comparison: Benchmark comparisons should be done against the Nasdaq 100 and relevant covered call indices.

Expense Ratio: 0.6

Liquidity

Average Trading Volume

Average trading volume varies, but generally, QYLG has moderate liquidity, allowing for relatively easy entry and exit.

Bid-Ask Spread

The bid-ask spread is typically tight, indicating efficient trading for most investors.

Market Dynamics

Market Environment Factors

Economic indicators, interest rate movements, and technology sector performance significantly impact QYLG's performance. Volatility in the Nasdaq 100 can affect the covered call strategy.

Growth Trajectory

The growth trajectory is tied to the performance of the Nasdaq 100 and investor demand for income-generating ETFs with growth potential. Changes to the covered call percentage can influence the ETF's risk/return profile.

Moat and Competitive Advantages

Competitive Edge

QYLG offers a unique blend of covered call income generation with growth potential from Nasdaq 100 stocks. This differentiates it from pure income-focused covered call ETFs like QYLD. The partial covered call strategy provides a balance between income and capital appreciation. Global X's reputation and expertise further enhance its competitive edge.

Risk Analysis

Volatility

QYLG experiences moderate volatility, reflecting the underlying Nasdaq 100 index and the impact of option premiums.

Market Risk

Market risk is tied to the performance of the Nasdaq 100. A significant market downturn could negatively impact the ETF's value, although the covered call premium provides some downside protection.

Investor Profile

Ideal Investor Profile

The ideal investor is one seeking both income and growth potential, with a moderate risk tolerance. This ETF may appeal to those who want exposure to the Nasdaq 100 but also want some downside protection and income.

Market Risk

QYLG is suitable for long-term investors seeking a balance between income and growth. Active traders may also use it for short-term income generation strategies.

Summary

Global X Nasdaq 100u00ae Covered Call & Growth ETF (QYLG) aims to provide both income and capital appreciation through a covered call strategy on the Nasdaq 100. Its partial covered call approach allows for some growth potential, differentiating it from solely income-focused alternatives. The ETF's performance is tied to the Nasdaq 100's performance and market volatility. It is suitable for investors seeking a balanced approach between income and growth with moderate risk tolerance. QYLG is managed by a reputable ETF provider, Global X, and is suitable for long-term investors.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Global X ETFs Website
  • ETF.com
  • Morningstar

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.

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.