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ETFs

Global X S&P 500 Covered Call & Growth ETF

XYLG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 18 2020
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$413,069
AUM
$59,651,870
Associated Index
CBOE S&P 500 Half BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with XYLG

What is XYLG?

The Global X S&P 500 Covered Call & Growth ETF (XYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE S&P 500 Half BuyWrite Index. The CBOE S&P 500 Half BuyWrite Index (the BXMH Index ) measures the total rate of return of a hypothetical covered call strategy applied to the S&P 500 Composite Price Index (the S&P 500 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 toXYLG

ETFs correlated to XYLG include PBUS, DECZ, IVV

XYLG
Global X Funds - Global X S&P 500 Covered Call & Growth ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares

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 toXYLG

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with XYLG using Composer

FAQ

XYLG is a US Equities ETF. The Global X S&P 500 Covered Call & Growth ETF (XYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE S&P 500 Half BuyWrite Index. The CBOE S&P 500 Half BuyWrite Index (the BXMH Index ) measures the total rate of return of a hypothetical covered call strategy applied to the S&P 500 Composite Price Index (the S&P 500 Index ) that only writes half a unit of an at-the-money monthly Call option for every notional unit of the long position.

XYLG tracks the CBOE S&P 500 Half BuyWrite Index.

No, XYLG 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, XYLG 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 XYLG is -0.0065%. This is the percent change in the value of XYLG over the most recent 1-month period. The 3-month return on XYLG is 0.0022%. This is the percent change in the value of XYLG over the most recent 3-month period.

The standard deviation of XYLG for the past year is 0.1332%. 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 XYLG include PKW, VIXY, and XYLD.

ETFs correlated to XYLG include PBUS, DECZ, and IVV.

ETFs that are inversely correlated to XYLG include SPDN, SDS, 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.