Global X Dow 30 Covered Call & Growth ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2024E    2025E
P/E
ratio
18.1x P/Sales
ratio
2.3x
P/BV
ratio
4.0x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DYLG follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Dow Jones Industrial Average and sells call options on approximately 50% of the value of the portfolio of stocks in the same index.

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxetfs.com/dylg
Inception date Jul 25, 2023
Assets (mns) $3
Currency USD
Expense ratio 60 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives Yes
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $561,115
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 8.7 %
MICROSOFT CORP 6.8 %
GOLDMAN SACHS GROUP INC 6.4 %
HOME DEPOT INC 6.1 %
CATERPILLAR INC 5.3 %
MCDONALD'S CORP 4.9 %
SALESFORCE.COM INC 4.8 %
AMGEN INC 4.8 %
VISA INC. CLASS A 4.7 %
TRAVELERS COS INC/THE 3.6 %
Total 56.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.5% -- -- -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $27.45
30d moving avg. $25.49
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 89

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $68,346

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 33 potential alternatives to the Global X Dow 30 Covered Call & Growth ETF ETF based on the alternatives' overlap in portfolio holdings with DYLG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DYLG Expense: 60 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DYLG
Ticker Fund
Name
Overlap1
vs DYLG
(%)
Expense
ratio
(bp)
Savings
vs DYLG
(bp)
ALTAR
Score™
(%)
ALTAR
vs DYLG
(%)
DJIA Global X Dow 30 Covered Call ETF 100.4 60 0 5.3 +0.1
DIVO Amplify CWP Enhanced Dividend Income ETF 57.0 55 5 5.5 +0.3
XYLE Global X S&P 500 ESG Covered Call ETF 30.9 60 0 4.8 -0.4
SFLR Innovator Equity Managed Floor ETF 30.2 89 -29 4.2 -1.1
CCOR Core Alternative ETF 29.6 107 -47 5.2 -0.1
EFIV SPDR S&P 500 ESG ETF 29.5 10 50 5.1 -0.1
XRMI Global X S&P 500 Risk Managed Income ETF 28.4 60 0 4.8 -0.5
XYLD Global X S&P 500 Covered Call ETF 28.4 60 0 4.8 -0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 28.3 60 0 4.7 -0.6
XCLR Global X S&P 500 Collar 95-110 ETF 28.2 25 35 5.1 -0.2
XTR Global X S&P 500 Tail Risk ETF 28.2 26 34 5.0 -0.2
ACIO Aptus Collared Investment Opportunity ETF 27.5 79 -19 4.3 -1.0
PBP Invesco S&P 500 BuyWrite ETF 27.4 49 11 4.9 -0.4
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 27.1 82 -22 5.8 +0.5
FTHI First Trust BuyWrite Income ETF 24.6 75 -15 5.5 +0.2
FTQI First Trust Nasdaq BuyWrite Income ETF 17.6 75 -15 4.0 -1.2
MMLG First Trust Multi-Manager Large Growth ETF 17.6 85 -25 2.0 -3.3
QYLD Global X NASDAQ 100 Covered Call ETF 16.4 60 0 4.2 -1.1
QRMI Global X NASDAQ 100 Risk Managed Income ETF 16.4 60 0 4.2 -1.0
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 16.3 60 0 4.1 -1.2
QCLR Global X NASDAQ 100 Collar 95-110 ETF 16.3 25 35 4.4 -0.8
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 16.3 68 -8 4.1 -1.2
QTR Global X NASDAQ 100 Tail Risk ETF 16.3 26 34 4.4 -0.8
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 16.2 35 25 4.3 -0.9
QYLE Global X Nasdaq 100 ESG Covered Call ETF 15.2 60 0 4.3 -1.0
STLG iShares Factors US Growth Style ETF 14.2 25 35 5.5 +0.3
TYLG Global X Information Technology Covered Call & Growth ETF 13.4 60 0 4.4 -0.9
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 13.2 75 -15 5.8 +0.6
HYLG Global X Health Care Covered Call & Growth ETF 10.3 60 0 6.3 +1.0
FYLG Global X Financials Covered Call & Growth ETF 9.3 60 0 5.6 +0.3
THNQ ROBO Global Artificial Intelligence ETF 7.4 68 -8 1.7 -3.6
XVOL Acruence Active Hedge U.S. Equity ETF 6.0 83 -23 5.0 -0.2
LCG Sterling Capital Focus Equity ETF 5.9 59 1 3.0 -2.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X Dow 30 Covered Call & Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.7 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.