Global X Funds Global X S&P 500 Covered Call ETFGlobal X Funds Global X S&P 500 Covered Call ETFGlobal X Funds Global X S&P 500 Covered Call ETF

Global X Funds Global X S&P 500 Covered Call ETF

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Key stats


Assets under management (AUM)
‪3.05 B‬USD
Fund flows (1Y)
‪302.55 M‬USD
Dividend yield (indicated)
9.90%
Discount/Premium to NAV
−0.08%
Shares outstanding
‪78.99 M‬
Expense ratio
0.60%

About Global X Funds Global X S&P 500 Covered Call ETF


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Inception date
Jun 24, 2013
Structure
Open-Ended Fund
Index tracked
Cboe S&P 500 BuyWrite Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
XYLD offers a new twist on an old strategy, writing calls against the S&P 500 stocks in its plain-vanilla basket in order to earn the premium. Holding the various positions and writing index call options inside an ETF wrapper is a more efficient way to access the strategy. The fund holds the underlying stock positions and writes one-month, at-the-money call options on the Index. The strategy should help to generate some income, but it also places a drag on the upside potential. As such, the returns will differ greatly from our benchmark. Prior to Dec. 15, 2017, XYLD tracked the S&P 500 Stock Covered Call Index. From Dec. 15, 2017 thru Aug. 20, 2020, the fund tracked the CBOE S&P 500 2% OTM BuyWrite Index.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Buy-write
Geography
U.S.
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Finance
Stock breakdown by region
97%2%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to XYLD via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XYLD trades at 38.68 USD today, its price has risen 0.59% in the past 24 hours. Track more dynamics on XYLD price chart.
XYLD net asset value is 38.51 today — it's risen 0.99% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
XYLD assets under management is ‪3.05 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
XYLD price has risen by 0.56% over the last month, and its yearly performance shows a −4.00% decrease. See more dynamics on XYLD price chart.
NAV returns, another gauge of an ETF dynamics, showed a −2.55% decrease in three-month performance and has increased by 8.80% in a year.
XYLD fund flows account for ‪302.55 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XYLD invests in stocks. See more details in our Analysis section.
XYLD expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, XYLD isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, XYLD technical analysis shows the buy rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating XYLD shows the sell signal. See more of XYLD technicals for a more comprehensive analysis.
Yes, XYLD pays dividends to its holders with the dividend yield of 9.90%.
XYLD trades at a premium (0.08%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
XYLD shares are issued by Mirae Asset Global Investments Co., Ltd.
XYLD follows the Cboe S&P 500 BuyWrite Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 24, 2013.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.