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



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Upturn Advisory Summary
08/14/2025: QYLG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
Global X Nasdaq 100® Covered Call & Growth ETF
ETF Overview
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.
Reputation and Reliability
Global X is a well-established ETF provider known for its innovative and thematic ETF offerings.
Management Expertise
Global X has a dedicated team of portfolio managers with experience in options strategies and ETF management.
Investment Objective
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.

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