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ETFs

Global X Information Technology Covered Call & Growth ETF

TYLG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 21 2022
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$9,520
AUM
$3,453,305
Associated Index
Cboe S&P Technology Select Sector Half BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
54.09%
AAPL
Apple Inc
10.92%
MSFT
Microsoft Corporation
10.56%
NVDA
NVIDIA Corp
1.99%
AVGO
Broadcom Inc
1.97%
ADBE
Adobe Inc
1.35%
CSCO
Cisco Systems, Inc.
1.26%
CRM
Salesforce Inc
1.16%
ACN
Accenture plc - Ordinary Shares - Class A
1.15%
ORCL
Oracle Corp.
0.99%
Invest with TYLG

What is TYLG?

The Global X Information Technology Covered Call & Growth ETF (TYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Technology Select Sector Half BuyWrite Index. The Global X Information Technology Covered Call & Growth ETF (TYLG) follows a covered call or buy-write strategy, in which the Fund buys the stocks in the Information Technology Select Sector Index and the Technology Select Sector SPDR Fund, and writes or sells corresponding call options on the Information Technology Select Sector SPDR Fund representing approximately 50% of the value of TYLG portfolio.

ETFs related toTYLG

ETFs correlated to TYLG include XLK, TECL, IXN

TYLG
Global X Funds - Global X Information Technology Covered Call & Growth ETF
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
TECL
Direxion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares
IXN
BlackRock Institutional Trust Company N.A. - iShares Global Tech ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 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 toTYLG

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with TYLG using Composer

FAQ

TYLG is a US Equities ETF. The Global X Information Technology Covered Call & Growth ETF (TYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Technology Select Sector Half BuyWrite Index. The Global X Information Technology Covered Call & Growth ETF (TYLG) follows a covered call or buy-write strategy, in which the Fund buys the stocks in the Information Technology Select Sector Index and the Technology Select Sector SPDR Fund, and writes or sells corresponding call options on the Information Technology Select Sector SPDR Fund representing approximately 50% of the value of TYLG portfolio.

TYLG tracks the Cboe S&P Technology Select Sector Half BuyWrite Index.

No, TYLG 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, TYLG 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 TYLG is -0.0107%. This is the percent change in the value of TYLG over the most recent 1-month period. The 3-month return on TYLG is -0.007%. This is the percent change in the value of TYLG over the most recent 3-month period.

ETFs similar to TYLG include PKW, VIXY, and XYLD.

ETFs correlated to TYLG include XLK, TECL, and IXN.

ETFs that are inversely correlated to TYLG include TECS, QID, and SQQQ.

Disclaimers

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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.