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



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Upturn Advisory Summary
10/10/2025: QYLG (2-star) has a low Upturn Star Rating. Not recommended to BUY.
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 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 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.
Reputation and Reliability
Global X is a well-known ETF provider with a solid reputation for offering innovative and specialized investment solutions.
Management Expertise
Global X has a dedicated team of investment professionals with experience in managing various ETF strategies, including covered call strategies.
Investment Objective
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
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.
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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