Global X Financials Covered Call & Growth ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
HYLG tracks an index that holds S&P 500 healthcare stocks and sells one-month, at-the-money call options on up to 50% of each stock. |
Category | US Equities |
Fund Sponsor | Global X |
Website | www.globalxetfs.com |
Inception date | Nov 21, 2022 |
Assets (mns) | $3 |
Currency | USD |
Expense ratio | 60 bp |
Distributions | Monthly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Market Cap |
Index replication | |
Uses derivatives | Yes |
Options available | Yes |
No. of constituents | 73 |
Wgt avg mkt cap (mns) | $187,798 |
Large cap (>$10bn) | 53.7% |
Mid cap ($2-10bn) | 0.2% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 53.9% |
Emerging mkts | 0.0% |
SPDR-FINL SELECT | 54.3 % |
BERKSHIRE HATHAWAY INC-CL B | 6.2 % |
JPMORGAN CHASE & CO | 4.4 % |
VISA INC. CLASS A | 3.5 % |
MASTERCARD INCORPORATED CLASS A | 3.0 % |
BANK OF AMERICA CORP | 2.0 % |
WELLS FARGO & CO | 1.4 % |
S&P GLOBAL, INC. | 1.2 % |
GOLDMAN SACHS GROUP INC | 1.2 % |
PROGRESSIVE CORP | 1.1 % | Total | 78.3 % |
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UNITED STATES | 51.2 % | |
SWITZERLAND | 0.9 % | |
IRELAND | 0.6 % | |
BERMUDA | 0.5 % | |
BRITAIN | 0.3 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
14.8% | 26.0% | -- | -- | 19.1% |
versus... | Beta | R-squared |
S&P500 | 0.65 | 76% |
MSCI EAFE | 0.63 | 85% |
MSCI Emg. Mkts. | 0.53 | 55% |
Recent close | $27.48 |
30d moving avg. | $27.12 |
Annualized volatility | 10.1% |
Short interest (ETF) | 28.1% |
Relative strength (RSI) | 49 |
Avg. volume (thou.) | 1 |
Turnover | 1.0% |
Bid/Ask (% of price) | 0.45% |
ADV underlying (mns) | $13,098 |
FINDING ALTERNATIVE FUNDS
Below is a list of 31 potential alternatives to the Global X Financials Covered Call & Growth ETF ETF based on the alternatives' overlap in portfolio holdings with FYLG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | FYLG | Expense: | 60 bp | ALTAR Score™: | 5.1% |
Ticker | Fund Name |
Overlap1 vs FYLG (%) |
Expense ratio (bp) |
Savings vs FYLG (bp) |
ALTAR Score™ (%) |
ALTAR vs FYLG (%) |
XYLE | Global X S&P 500 ESG Covered Call ETF | 14.3 | 60 | 0 | 4.8 | -0.3 |
EFIV | SPDR S&P 500 ESG ETF | 14.1 | 10 | 50 | 5.1 | +0.0 |
PBP | Invesco S&P 500 BuyWrite ETF | 13.5 | 49 | 11 | 4.6 | -0.5 |
XYLD | Global X S&P 500 Covered Call ETF | 13.3 | 60 | 0 | 4.5 | -0.6 |
XRMI | Global X S&P 500 Risk Managed Income ETF | 13.2 | 60 | 0 | 4.5 | -0.6 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 13.1 | 60 | 0 | 4.5 | -0.6 |
XTR | Global X S&P 500 Tail Risk ETF | 13.0 | 26 | 34 | 5.0 | -0.1 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 12.9 | 25 | 35 | 5.0 | -0.1 |
ACIO | Aptus Collared Investment Opportunity ETF | 11.9 | 79 | -19 | 4.1 | -1.1 |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 10.8 | 55 | 5 | 5.5 | +0.3 |
SFLR | Innovator Equity Managed Floor ETF | 10.4 | 89 | -29 | 4.0 | -1.1 |
DJIA | Global X Dow 30 Covered Call ETF | 9.5 | 60 | 0 | 5.1 | -0.1 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 9.5 | 60 | 0 | 5.1 | -0.0 |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 8.1 | 82 | -22 | 5.7 | +0.6 |
GARP | iShares MSCI USA Quality GARP ETF | 8.1 | 15 | 45 | 4.8 | -0.3 |
FTHI | First Trust BuyWrite Income ETF | 7.5 | 75 | -15 | 4.8 | -0.4 |
CCOR | Core Alternative ETF | 6.3 | 107 | -47 | 4.7 | -0.4 |
XVOL | Acruence Active Hedge U.S. Equity ETF | 5.4 | 83 | -23 | 5.3 | +0.1 |
MMLG | First Trust Multi-Manager Large Growth ETF | 4.7 | 85 | -25 | 2.2 | -2.9 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 3.0 | 75 | -15 | 5.4 | +0.2 |
FTQI | First Trust Nasdaq BuyWrite Income ETF | 2.9 | 75 | -15 | 3.5 | -1.7 |
LCG | Sterling Capital Focus Equity ETF | 1.6 | 59 | 1 | 3.6 | -1.5 |
THNQ | ROBO Global Artificial Intelligence ETF | 0.8 | 68 | -8 | 1.6 | -3.6 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 0.6 | 35 | 25 | 4.4 | -0.7 |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 0.6 | 60 | 0 | 4.2 | -0.9 |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 0.6 | 68 | -8 | 4.1 | -1.1 |
QYLD | Global X NASDAQ 100 Covered Call ETF | 0.5 | 60 | 0 | 4.1 | -1.0 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 0.5 | 60 | 0 | 4.1 | -1.0 |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 0.5 | 60 | 0 | 4.1 | -1.0 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 0.5 | 25 | 35 | 4.5 | -0.6 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 0.5 | 26 | 34 | 4.5 | -0.7 |
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%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
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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 Financials 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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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