Global X Nasdaq 100 ESG Covered Call ETF
ALTAR
Score™
4.3% info Recommen-
dation
UNDERWEIGHT
2024E    2025E
P/E
ratio
26.6x P/Sales
ratio
4.9x
P/BV
ratio
6.3x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
QYLE is passively managed to provide exposure to companies in the Nasdaq 100 Index that have been screened for positive ESG characteristics and is combined with a covered call option strategy. Components of the index are market-cap weighted, adjusting for ESG rating score.

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxetfs.com/funds/qyle/
Inception date Feb 21, 2023
Assets (mns) $3
Currency USD
Expense ratio 60 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 94
Wgt avg mkt cap (mns) $1,183,620
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 99.4%
Emerging mkts 0.6%

TOP TEN HOLDINGS
MICROSOFT CORP 13.2 %
APPLE INC 11.3 %
NVIDIA CORP 9.0 %
BROADCOM INC. 3.8 %
AMAZON.COM INC 3.2 %
ALPHABET INC. CLASS A 2.7 %
ALPHABET INC. CLASS C 2.7 %
ADVANCED MICRO DEVICES 2.5 %
ADOBE SYSTEMS INC 2.4 %
TESLA MOTORS INC 2.4 %
Total 53.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %
NETHERLANDS 1.3 %
BRITAIN 0.8 %
ARGENTINA 0.5 %
CHINA 0.3 %






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.
2.9% -- -- -- 21.8%

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

Technical Indicators
Recent close $26.61
30d moving avg. $25.62
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 2
Turnover 1.8%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $178,067

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 34 potential alternatives to the Global X Nasdaq 100 ESG Covered Call ETF ETF based on the alternatives' overlap in portfolio holdings with QYLE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QYLE Expense: 60 bp ALTAR Score™: 4.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QYLE
Ticker Fund
Name
Overlap1
vs QYLE
(%)
Expense
ratio
(bp)
Savings
vs QYLE
(bp)
ALTAR
Score™
(%)
ALTAR
vs QYLE
(%)
QYLD Global X NASDAQ 100 Covered Call ETF 87.1 60 0 4.2 -0.1
QRMI Global X NASDAQ 100 Risk Managed Income ETF 87.1 60 0 4.2 -0.0
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 86.5 60 0 4.1 -0.2
QCLR Global X NASDAQ 100 Collar 95-110 ETF 86.3 25 35 4.4 +0.2
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 86.3 68 -8 4.1 -0.2
QTR Global X NASDAQ 100 Tail Risk ETF 85.9 26 34 4.4 +0.2
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 63.6 35 25 4.3 +0.1
FTQI First Trust Nasdaq BuyWrite Income ETF 57.1 75 -15 4.0 -0.2
STLG iShares Factors US Growth Style ETF 48.5 25 35 5.5 +1.3
XYLE Global X S&P 500 ESG Covered Call ETF 47.4 60 0 4.8 +0.6
EFIV SPDR S&P 500 ESG ETF 47.3 10 50 5.1 +0.9
PBP Invesco S&P 500 BuyWrite ETF 43.9 49 11 4.9 +0.6
XYLD Global X S&P 500 Covered Call ETF 43.6 60 0 4.8 +0.5
XRMI Global X S&P 500 Risk Managed Income ETF 43.5 60 0 4.8 +0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 43.3 60 0 4.7 +0.4
XCLR Global X S&P 500 Collar 95-110 ETF 42.9 25 35 5.1 +0.8
XTR Global X S&P 500 Tail Risk ETF 42.9 26 34 5.0 +0.8
SFLR Innovator Equity Managed Floor ETF 42.8 89 -29 4.2 -0.1
ACIO Aptus Collared Investment Opportunity ETF 41.0 79 -19 4.3 +0.0
MMLG First Trust Multi-Manager Large Growth ETF 40.5 85 -25 2.0 -2.3
TYLG Global X Information Technology Covered Call & Growth ETF 37.4 60 0 4.4 +0.1
FTHI First Trust BuyWrite Income ETF 35.1 75 -15 5.5 +1.2
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 33.1 82 -22 5.8 +1.5
THNQ ROBO Global Artificial Intelligence ETF 22.7 68 -8 1.7 -2.6
CCOR Core Alternative ETF 15.3 107 -47 5.2 +0.9
DJIA Global X Dow 30 Covered Call ETF 15.3 60 0 5.3 +1.0
DYLG Global X Dow 30 Covered Call & Growth ETF 15.2 60 0 5.3 +1.0
LCG Sterling Capital Focus Equity ETF 12.5 59 1 3.0 -1.3
DIVO Amplify CWP Enhanced Dividend Income ETF 12.3 55 5 5.5 +1.3
XVOL Acruence Active Hedge U.S. Equity ETF 8.8 83 -23 5.0 +0.8
HYLG Global X Health Care Covered Call & Growth ETF 5.4 60 0 6.3 +2.0
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 3.6 75 -15 5.8 +1.6
IDVO Amplify International Enhanced Dividend Income ETF 1.3 65 -5 8.7 +4.4
FYLG Global X Financials Covered Call & Growth ETF 0.5 60 0 5.6 +1.3

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%.

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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 Nasdaq 100 ESG 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™


Calculation of ALTAR Score™
Avg. Return on Equity 29.7 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.