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ETFs

Global X Funds Global X Nasdaq 100 Covered Call & Growth ETF

QYLG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 18 2020
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$842,070
AUM
$103,627,862
Associated Index
Cboe NASDAQ-100 Half BuyWrite V2 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Broadcom Inc
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COST
Costco Wholesale Corp
2.16%
Invest with QYLG

What is QYLG?

The Global X Nasdaq 100 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 CBOE Nasdaq-100 Half BuyWrite V2 Index. The CBOE NASDAQ-100 Half BuyWrite V2 Index measures the total rate of return of a hypothetical covered call strategy applied to the NASDAQ-100 Index that only writes half a unit of an at-the-money monthly Call option for every notional unit of the long position.

ETFs related toQYLG

ETFs correlated to QYLG include QQQ, TQQQ, QLD

QYLG
Global X Funds - Global X Nasdaq 100 Covered Call & Growth ETF
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth 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.

Automated Strategies
Related toQYLG

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QYLG using Composer

FAQ

QYLG is a US Equities ETF. The Global X Nasdaq 100 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 CBOE Nasdaq-100 Half BuyWrite V2 Index. The CBOE NASDAQ-100 Half BuyWrite V2 Index measures the total rate of return of a hypothetical covered call strategy applied to the NASDAQ-100 Index that only writes half a unit of an at-the-money monthly Call option for every notional unit of the long position.

QYLG tracks the Cboe NASDAQ-100 Half BuyWrite V2 Index.

No, QYLG 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, QYLG 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 QYLG is -0.009%. This is the percent change in the value of QYLG over the most recent 1-month period. The 3-month return on QYLG is 0.0036%. This is the percent change in the value of QYLG over the most recent 3-month period.

The standard deviation of QYLG for the past year is 0.1712%. 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 QYLG include PKW, VIXY, and XYLD.

ETFs correlated to QYLG include QQQ, TQQQ, and QLD.

ETFs that are inversely correlated to QYLG include QID, SQQQ, and PSQ.

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.