Global X NASDAQ 100 Covered Call ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The Global X Nasdaq-100 Covered Call ETF tracks an index that holds Nasdaq 100 stocks and sells options on those stocks to collect the premiums. |
Category | US Equities |
Fund Sponsor | Mirae Asset Global Investments |
Website | us.horizonsetfs.com |
Inception date | Dec 11, 2013 |
Assets (mns) | $1,907 |
Currency | USD |
Expense ratio | 60 bp |
Distributions | Monthly |
Regulation | Open-Ended Fund |
Custodian | Bank of New York Mellon |
Weighting | Fixed |
Index replication | Full |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 102 |
Wgt avg mkt cap (mns) | $784,276 |
Large cap (>$10bn) | 99.7% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 97.5% |
Emerging mkts | 2.5% |
APPLE INC | 11.2 % |
MICROSOFT CORP | 9.6 % |
AMAZON.COM INC | 8.5 % |
TESLA MOTORS INC | 4.3 % |
ALPHABET INC. CLASS C | 3.7 % |
3.4 % | |
ALPHABET INC. CLASS A | 3.3 % |
NVIDIA CORP | 2.8 % |
PAYPAL HOLDINGS INC | 2.5 % |
INTEL CORP | 2.1 % | Total | 51.4 % |
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UNITED STATES | 95.6 % |
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CHINA | 2.2 % |
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NETHERLANDS | 0.8 % |
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ARGENTINA | 0.7 % |
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BERMUDA | 0.3 % |
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BRITAIN | 0.3 % |
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ISRAEL | 0.1 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
0.3% | 18.0% | 11.0% | -- | 9.4% |
versus... | Beta | R-squared |
S&P500 | 0.72 | 88% |
MSCI EAFE | 0.69 | 80% |
MSCI Emg. Mkts. | 0.52 | 56% |
Recent close | $22.07 |
30d moving avg. | $23.10 |
Annualized volatility | 14.1% |
Short interest (ETF) | 0.2% |
Short interest (Underlying) | 1.7% |
Relative strength (RSI) | 41 |
Avg. volume (thou.) | 984 |
Turnover | 1.1% |
Bid/Ask (% of price) | 0.07% |
ADV underlying (mns) | $126,385 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the Global X NASDAQ 100 Covered Call ETF ETF based on the alternatives' overlap in portfolio holdings with QYLD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | QYLD | Expense: | 60 bp | ALTAR Score™: | 3.4% |
Ticker | Fund Name |
Overlap1 vs QYLD (%) |
Expense ratio (bp) |
Savings vs QYLD (bp) |
ALTAR Score™ (%) |
ALTAR vs QYLD (%) |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 99.6 | 60 | 0 | 3.4 | +0.0 |
QQQ | Invesco QQQ Trust | 99.5 | 20 | 40 | 3.8 | +0.4 |
QQQM | Invesco NASDAQ 100 ETF | 99.5 | 15 | 45 | 3.8 | +0.5 |
NUSI | Nationwide Risk-Managed Income ETF | 96.4 | 68 | -8 | 3.3 | -0.1 |
ONEQ | Fidelity Nasdaq Composite Index Tracking Stock | 72.3 | 21 | 39 | 3.2 | -0.2 |
VOOG | Vanguard S&P 500 Growth ETF | 65.8 | 10 | 50 | 4.0 | +0.6 |
ESGV | Vanguard ESG U.S. Stock ETF | 65.6 | 12 | 48 | 4.7 | +1.3 |
MGK | Vanguard Mega Cap Growth ETF | 64.6 | 7 | 53 | 3.8 | +0.5 |
IGM | iShares Expanded Tech Sector ETF | 64.5 | 46 | 14 | 3.5 | +0.1 |
IWY | iShares Russell Top 200 Growth ETF | 64.0 | 20 | 40 | 3.9 | +0.6 |
SPYG | SPDR Portfolio S&P 500 Growth ETF | 63.3 | 4 | 56 | 4.1 | +0.7 |
IVW | iShares S&P 500 Growth ETF | 63.2 | 18 | 42 | 3.9 | +0.6 |
SCHG | Schwab U.S. Large-Cap Growth ETF | 61.4 | 4 | 56 | 3.4 | +0.0 |
IUSG | iShares Core S&P US Growth ETF | 60.7 | 4 | 56 | 4.0 | +0.7 |
IETC | iShares Evolved U.S. Technology ETF | 60.5 | 18 | 42 | 3.7 | +0.3 |
IWF | iShares Russell 1000 Growth ETF | 60.5 | 19 | 41 | 3.8 | +0.4 |
TMFC | Motley Fool 100 Index ETF | 59.9 | 50 | 10 | 3.1 | -0.3 |
VUG | Vanguard Growth Index Fund | 59.8 | 4 | 56 | 3.7 | +0.3 |
VONG | Vanguard Russell 1000 Growth Index Fund | 57.7 | 8 | 52 | 3.9 | +0.5 |
SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 56.4 | 49 | 11 | 3.9 | +0.5 |
IYW | iShares U.S. Technology ETF | 55.0 | 43 | 17 | 3.7 | +0.3 |
XLG | Invesco S&P 500 Top 50 ETF | 53.2 | 20 | 40 | 4.4 | +1.0 |
HIPR | Direxion High Growth ETF | 52.9 | 40 | 20 | 4.2 | +0.9 |
XOUT | GraniteShares XOUT U.S. Large Cap ETF | 52.0 | 60 | 0 | 3.8 | +0.4 |
QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 51.9 | 59 | 1 | 4.1 | +0.8 |
QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 51.9 | 35 | 25 | 4.4 | +1.0 |
SPMO | Invesco S&P 500 Momentum ETF | 51.3 | 13 | 47 | 4.3 | +1.0 |
MMTM | SPDR S&P 1500 Momentum Tilt ETF | 51.0 | 12 | 48 | 4.2 | +0.9 |
OEF | iShares S&P 100 ETF | 49.5 | 20 | 40 | 4.5 | +1.2 |
SYG | SPDR MFS Systematic Growth Equity ETF | 49.4 | 60 | 0 | 3.9 | +0.5 |
SPQQ | Siren Large Cap Blend Index ETF | 49.0 | 20 | 40 | 4.0 | +0.6 |
FTEC | Fidelity MSCI Information Technology Index ETF | 47.8 | 8 | 52 | 4.1 | +0.7 |
VGT | Vanguard Information Technology Index Fund | 47.8 | 10 | 50 | 4.1 | +0.7 |
BKLC | BNY Mellon US Large Cap Core Equity ETF | 47.2 | 0 | 60 | 4.8 | +1.4 |
JKE | iShares Morningstar Large-Cap Growth ETF | 46.7 | 25 | 35 | 2.5 | -0.9 |
IWL | iShares Russell Top 200 ETF | 46.5 | 15 | 45 | 4.7 | +1.3 |
SPXN | ProShares S&P 500 Ex-Financials ETF | 46.4 | 27 | 33 | 4.5 | +1.2 |
MGC | Vanguard Mega Cap Index Fund | 46.2 | 7 | 53 | 4.8 | +1.5 |
MTUM | iShares MSCI USA Momentum Factor ETF | 45.5 | 15 | 45 | 2.7 | -0.7 |
XLK | Technology Select Sector SPDR Fund | 45.4 | 12 | 48 | 4.4 | +1.0 |
IXN | iShares Global Tech ETF | 45.3 | 46 | 14 | 3.9 | +0.6 |
IQSU | IQ Candriam ESG US Equity ETF | 44.8 | 9 | 51 | 4.8 | +1.4 |
EFIV | SPDR S&P 500 ESG ETF | 44.4 | 10 | 50 | 4.9 | +1.6 |
SNPE | Xtrackers S&P 500 ESG ETF | 44.3 | 10 | 50 | 4.9 | +1.5 |
STLG | iShares Factors US Growth Style ETF | 43.8 | 25 | 35 | 4.6 | +1.3 |
SPXV | ProShares S&P 500 Ex-Health Care ETF | 43.7 | 27 | 33 | 4.5 | +1.1 |
XVV | iShares ESG Screened S&P 500 ETF | 43.1 | 8 | 52 | 5.0 | +1.6 |
VEGN | US Vegan Climate ETF | 41.7 | 60 | 0 | 4.1 | +0.7 |
DSI | iShares MSCI KLD 400 Social ETF | 41.6 | 25 | 35 | 4.7 | +1.4 |
SPXE | ProShares S&P 500 Ex-Energy ETF | 41.2 | 27 | 33 | 4.8 | +1.5 |
CATH | Global X S&P 500 Catholic Values Custom ETF | 41.1 | 29 | 31 | 4.7 | +1.3 |
GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 40.8 | 7 | 53 | 4.8 | +1.4 |
PBP | Invesco S&P 500 BuyWrite ETF | 40.5 | 49 | 11 | 4.5 | +1.1 |
ESG | FlexShares STOXX US ESG Impact Index Fund | 40.4 | 32 | 28 | 4.8 | +1.4 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 40.2 | 60 | 0 | 4.5 | +1.1 |
SPY | SPDR S&P 500 ETF Trust | 40.2 | 9 | 51 | 4.9 | +1.5 |
IVV | iShares Core S&P 500 ETF | 40.1 | 3 | 57 | 4.9 | +1.6 |
SPLG | SPDR Portfolio Large Cap ETF | 40.1 | 3 | 57 | 4.9 | +1.6 |
SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 40.1 | 20 | 40 | 5.0 | +1.6 |
ESGU | iShares MSCI USA ESG Optimized ETF | 39.9 | 15 | 45 | 4.7 | +1.3 |
TECB | iShares US Tech Breakthrough Multisector ETF | 39.7 | 40 | 20 | 3.6 | +0.2 |
BBUS | JP Morgan Betabuilders U.S. Equity ETF | 39.6 | 2 | 58 | 4.8 | +1.5 |
VOO | VANGUARD S&P 500 ETF | 39.5 | 3 | 57 | 4.9 | +1.6 |
IOO | iShares Global 100 ETF | 39.4 | 40 | 20 | 4.8 | +1.4 |
PBUS | Invesco PureBeta MSCI USA ETF | 39.3 | 4 | 56 | 4.8 | +1.5 |
GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 39.2 | 9 | 51 | 5.1 | +1.8 |
VV | Vanguard Large-Cap Index Fund | 39.1 | 4 | 56 | 4.8 | +1.4 |
PLC | Principal U.S. Large-Cap Multi-Factor Core Index ETF | 39.1 | 15 | 45 | 0.0 | -3.4 |
JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 38.8 | 20 | 40 | 4.8 | +1.4 |
QLC | FlexShares US Quality Large Cap Index Fund | 38.7 | 32 | 28 | 4.9 | +1.5 |
SYE | SPDR MFS Systematic Core Equity ETF | 38.5 | 60 | 0 | 5.0 | +1.6 |
USXF | iShares ESG Advanced MSCI USA ETF | 37.9 | 10 | 50 | 4.7 | +1.4 |
SCHX | Schwab U.S. Large-Cap ETF | 37.8 | 3 | 57 | 4.8 | +1.4 |
XNTK | SPDR NYSE Technology ETF | 37.6 | 35 | 25 | 2.9 | -0.4 |
SFYF | SoFi 50 ETF | 37.2 | 29 | 31 | -0.4 | -3.7 |
SFY | SoFi Select 500 ETF | 37.1 | 0 | 60 | 4.8 | +1.4 |
USSG | Xtrackers MSCI USA ESG Leaders Equity ETF | 37.1 | 10 | 50 | 5.0 | +1.7 |
SUSL | iShares ESG MSCI USA Leaders ETF | 37.1 | 10 | 50 | 5.0 | +1.7 |
PWB | Invesco Dynamic Large Cap Growth ETF | 36.9 | 56 | 4 | 2.7 | -0.7 |
IWB | iShares Russell 1000 ETF | 36.7 | 15 | 45 | 4.7 | +1.3 |
JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 36.6 | 15 | 45 | 5.0 | +1.6 |
SPTM | SPDR Portfolio Total Stock Market ETF | 36.6 | 3 | 57 | 5.0 | +1.6 |
SCHK | Schwab 1000 Index ETF | 36.4 | 5 | 55 | 4.7 | +1.3 |
IYY | iShares Dow Jones U.S. ETF | 36.3 | 20 | 40 | 4.6 | +1.3 |
NULG | Nuveen ESG Large-Cap Growth ETF | 35.5 | 35 | 25 | 3.2 | -0.2 |
SUSA | iShares MSCI USA ESG Select ETF | 35.4 | 25 | 35 | 4.5 | +1.1 |
VONE | Vanguard Russell 1000 ETF | 35.3 | 8 | 52 | 4.7 | +1.4 |
LRGE | ClearBridge Large Cap Growth ESG ETF | 35.2 | 59 | 1 | 3.5 | +0.1 |
QQXT | First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 35.1 | 60 | 0 | 4.4 | +1.1 |
HLAL | Wahed FTSE USA Shariah ETF | 34.8 | 50 | 10 | 4.2 | +0.8 |
NACP | Impact Shares NAACP Minority Empowerment ETF | 34.7 | 49 | 11 | 4.6 | +1.2 |
ACVF | American Conservative Values ETF | 34.6 | 75 | -15 | 4.4 | +1.0 |
ADME | Aptus Drawdown Managed Equity ETF | 34.6 | 79 | -19 | 3.5 | +0.2 |
VTHR | Vanguard Russell 3000 Index Fund | 34.4 | 10 | 50 | 4.6 | +1.2 |
QARP | Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 34.3 | 19 | 41 | 5.3 | +1.9 |
JOYY | Infusive Compounding Global Equities ETF | 34.3 | 50 | 10 | 3.7 | +0.3 |
IWV | iShares Russell 3000 ETF | 34.2 | 20 | 40 | 4.5 | +1.1 |
SCHB | Schwab U.S. Broad Market ETF | 34.1 | 3 | 57 | 4.6 | +1.3 |
RESP | WisdomTree US ESG Fund of Benef Interest | 34.0 | 28 | 32 | 5.5 | +2.1 |
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
2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | |
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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
2020 | 2021E | 2022E | |
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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 NASDAQ 100 Covered Call ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
UNDERWEIGHT |
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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