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ETFs

Global X Funds Global X NASDAQ-100 Covered Call ETF

QYLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 11 2013
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$76,501,668
AUM
$7,674,188,932
Associated Index
CBOE Nasdaq-100 BuyWrite V2 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with QYLD

What is QYLD?

The Global X Nasdaq 100 Covered Call ETF (QYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE Nasdaq-100 BuyWrite V2 Index. The Global X Nasdaq 100 Covered Call ETF (QYLD) follows a covered call or buy-write strategy, in which the Fund buys the stocks in the Nasdaq 100 Index and writes or sells corresponding call options on the same index. QYLD uses this strategy with the aim of enhancing the portfolio s risk-adjusted returns, reducing volatility, and generating monthly income from the premiums received by writing call options.

ETFs related toQYLD

ETFs correlated to QYLD include JEPQ, PJAN, XYLD

QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
JEPQ
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Nasdaq Equity Premium Income ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
QJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - June
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
VOOG
Vanguard Group, Inc. - Vanguard S&P 500 Growth ETF
BUFQ
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Fund of Nasdaq-100 Buffer ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

QYLD is a US Equities ETF. The Global X Nasdaq 100 Covered Call ETF (QYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE Nasdaq-100 BuyWrite V2 Index. The Global X Nasdaq 100 Covered Call ETF (QYLD) follows a covered call or buy-write strategy, in which the Fund buys the stocks in the Nasdaq 100 Index and writes or sells corresponding call options on the same index. QYLD uses this strategy with the aim of enhancing the portfolio s risk-adjusted returns, reducing volatility, and generating monthly income from the premiums received by writing call options.

QYLD tracks the CBOE Nasdaq-100 BuyWrite V2 Index.

No, QYLD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QYLD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QYLD is -0.0157%. This is the percent change in the value of QYLD over the most recent 1-month period. The 3-month return on QYLD is -0.0027%. This is the percent change in the value of QYLD over the most recent 3-month period.

The standard deviation of QYLD for the past year is 0.1271%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QYLD include PKW, VIXY, and PTLC.

ETFs correlated to QYLD include JEPQ, PJAN, and XYLD.

ETFs that are inversely correlated to QYLD include SPDN, SPXS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.