Global X Nasdaq 100 Covered Call & Growth ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
34.8x P/Sales
ratio
5.1x
P/BV
ratio
7.4x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
QYLG follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Nasdaq 100 Index and “writes” or “sells” corresponding 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
Inception date Sep 21, 2020
Assets (mns) $4
Currency USD
Expense ratio 60 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 103
Wgt avg mkt cap (mns) $786,931
Large cap (>$10bn) 99.8%
Mid cap ($2-10bn) 0.2%
Small cap (<$2bn) 0.0%
Developed mkts 98.1%
Emerging mkts 1.9%

TOP TEN HOLDINGS
APPLE INC 12.8 %
MICROSOFT CORP 10.4 %
AMAZON.COM INC 10.3 %
TESLA MOTORS INC 4.5 %
FACEBOOK 4.3 %
ALPHABET INC. CLASS A 3.9 %
ALPHABET INC. CLASS C 3.8 %
NVIDIA CORP 2.7 %
PAYPAL HOLDINGS INC 2.0 %
COMCAST CORP-CL A 1.9 %
Total 56.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
CHINA 1.7 %
NETHERLANDS 0.6 %
ARGENTINA 0.6 %
ISRAEL 0.1 %
BRITAIN 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.2% -- -- -- 6.2%

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

Technical Indicators
Recent close $28.70
30d moving avg. $27.79
Annualized volatility 0.0%
Short interest (ETF) 1.8%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 4
Turnover 2.7%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $111,640

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: QYLG Expense: 60 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QYLG
Ticker Fund
Name
Overlap1
vs QYLG
(%)
Expense
ratio
(bp)
Savings
vs QYLG
(bp)
ALTAR
Score™
(%)
ALTAR
vs QYLG
(%)
QYLD Global X NASDAQ 100 Covered Call ETF 101.4 60 0 3.4 -0.0
NUSI Nationwide Risk-Managed Income ETF 100.7 68 -8 3.6 +0.2
QQQM Invesco NASDAQ 100 ETF 99.8 15 45 3.8 +0.4
QQQ Invesco QQQ Trust 99.8 20 40 3.7 +0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 74.3 21 39 2.9 -0.5
MGK Vanguard Mega Cap Growth ETF 69.7 7 53 3.9 +0.5
IWY iShares Russell Top 200 Growth ETF 66.7 20 40 3.8 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 63.9 4 56 3.4 -0.0
IETC iShares Evolved U.S. Technology ETF 63.8 18 42 3.6 +0.2
TMFC Motley Fool 100 Index ETF 63.2 50 10 3.2 -0.2
IGM iShares Expanded Tech Sector ETF 63.1 46 14 3.6 +0.2
VOOG Vanguard S&P 500 Growth ETF 60.2 10 50 4.1 +0.7
IWF iShares Russell 1000 Growth ETF 60.0 19 41 3.6 +0.2
VUG Vanguard Growth Index Fund 59.0 4 56 3.7 +0.3
VONG Vanguard Russell 1000 Growth Index Fund 58.4 8 52 3.8 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 57.8 4 56 4.2 +0.8
IVW iShares S&P 500 Growth ETF 57.7 18 42 4.1 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 56.8 49 11 3.9 +0.5
IYW iShares U.S. Technology ETF 55.4 43 17 3.7 +0.3
XLG Invesco S&P 500 Top 50 ETF 54.7 20 40 4.3 +0.9
IUSG iShares Core S&P US Growth ETF 54.5 4 56 4.2 +0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 53.4 60 0 3.8 +0.4
SPMO Invesco S&P 500 Momentum ETF 51.3 13 47 4.0 +0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 51.2 12 48 4.2 +0.8
SYG SPDR MFS Systematic Growth Equity ETF 50.8 60 0 4.1 +0.7
HIPR Direxion High Growth ETF 50.4 40 20 4.4 +1.0
ESGV Vanguard ESG U.S. Stock ETF 50.1 12 48 4.7 +1.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 48.4 59 1 4.0 +0.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 48.4 35 25 4.2 +0.9
IQSU IQ Candriam ESG US Equity ETF 48.3 9 51 4.8 +1.4
OEF iShares S&P 100 ETF 48.3 20 40 4.5 +1.1
FTEC Fidelity MSCI Information Technology Index ETF 47.2 8 52 4.2 +0.8
VGT Vanguard Information Technology Index Fund 47.2 10 50 4.2 +0.8
MTUM iShares MSCI USA Momentum Factor ETF 46.2 15 45 4.0 +0.6
IWL iShares Russell Top 200 ETF 45.9 15 45 4.6 +1.2
SPQQ Siren Large Cap Blend Index ETF 45.8 20 40 4.5 +1.1
BKLC BNY Mellon US Large Cap Core Equity ETF 45.5 0 60 4.8 +1.4
XLK Technology Select Sector SPDR Fund 45.2 13 47 4.5 +1.1
IXN iShares Global Tech ETF 45.2 46 14 4.1 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 45.2 27 33 4.6 +1.3
MGC Vanguard Mega Cap Index Fund 45.0 7 53 4.8 +1.4
EFIV SPDR S&P 500 ESG ETF 44.6 10 50 4.8 +1.4
SNPE Xtrackers S&P 500 ESG ETF 44.5 10 50 4.8 +1.4
USXF iShares ESG Advanced MSCI USA ETF 43.6 10 50 4.6 +1.3
VEGN US Vegan Climate ETF 43.4 60 0 4.7 +1.3
STLG iShares Factors US Growth Style ETF 43.4 25 35 4.2 +0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 42.9 27 33 4.6 +1.3
IOO iShares Global 100 ETF 41.8 40 20 4.5 +1.1
CATH Global X S&P 500 Catholic Values Custom ETF 41.5 29 31 4.7 +1.4
GBGR Global Beta Momentum-Growth ETF 41.4 29 31 5.1 +1.7
JKE iShares Morningstar Large-Cap Growth ETF 41.3 25 35 2.9 -0.5
DSI iShares MSCI KLD 400 Social ETF 40.7 25 35 4.8 +1.4
PBP Invesco S&P 500 BuyWrite ETF 40.6 49 11 4.7 +1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.6 7 53 4.8 +1.4
HSPX Global X S&P 500 Covered Call ETF 40.5 60 0 4.7 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 40.5 32 28 4.8 +1.4
TECB iShares US Tech Breakthrough Multisector ETF 40.3 40 20 3.9 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 40.3 27 33 4.9 +1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 40.2 20 40 5.0 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 40.0 15 45 4.7 +1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 39.8 60 0 4.7 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 39.5 2 58 4.9 +1.5
PBUS Invesco PureBeta MSCI USA ETF 39.4 4 56 4.8 +1.4
SPY SPDR S&P 500 ETF Trust 39.4 9 51 5.0 +1.6
SPLG SPDR Portfolio Large Cap ETF 39.4 3 57 5.1 +1.7
IVV iShares Core S&P 500 ETF 39.4 3 57 5.1 +1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.4 20 40 4.6 +1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 39.2 15 45 5.9 +2.5
SYE SPDR MFS Systematic Core Equity ETF 38.8 60 0 5.4 +2.0
VOO VANGUARD S&P 500 ETF 38.8 3 57 5.1 +1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.6 9 51 5.3 +1.9
VV Vanguard Large-Cap Index Fund 38.5 4 56 4.8 +1.4
SCHX Schwab U.S. Large-Cap ETF 37.8 3 57 4.8 +1.4
XNTK SPDR NYSE Technology ETF 37.3 35 25 3.2 -0.2
JOYY Infusive Compounding Global Equities ETF 37.0 50 10 3.6 +0.3
SCHK Schwab 1000 Index ETF 36.8 5 55 4.8 +1.4
IWB iShares Russell 1000 ETF 36.7 15 45 4.7 +1.3
SFY SoFi Select 500 ETF 36.6 0 60 4.8 +1.4
IYY iShares Dow Jones U.S. ETF 36.5 20 40 4.7 +1.3
SUSL iShares ESG MSCI USA Leaders ETF 36.3 10 50 5.0 +1.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 36.3 10 50 5.0 +1.6
LRGE ClearBridge Large Cap Growth ESG ETF 36.3 59 1 3.6 +0.2
SFYF SoFi 50 ETF 36.1 29 31 1.0 -2.4
SPTM SPDR Portfolio Total Stock Market ETF 36.0 3 57 5.1 +1.7
FDMO Fidelity Momentum Factor ETF 35.9 29 31 3.2 -0.2
QLC FlexShares US Quality Large Cap Index Fund 35.5 32 28 4.9 +1.5
VTHR Vanguard Russell 3000 Index Fund 35.5 10 50 4.7 +1.3
RECS Columbia Research Enhanced Core ETF 35.2 15 45 5.3 +1.9
EXT WisdomTree U.S. Total Earnings Fund 34.8 28 32 5.2 +1.8
SCHB Schwab U.S. Broad Market ETF 34.5 3 57 4.7 +1.3
ADME Aptus Drawdown Managed Equity ETF 34.5 79 -19 3.5 +0.1
IWV iShares Russell 3000 ETF 34.4 20 40 4.6 +1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.3 19 41 5.6 +2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.3 3 57 4.7 +1.3
HLAL Wahed FTSE USA Shariah ETF 34.0 50 10 4.1 +0.8
DFAU Dimensional US Core Equity Market ETF 33.6 12 48 5.0 +1.6
VONE Vanguard Russell 1000 ETF 33.4 8 52 4.8 +1.4
NACP Impact Shares NAACP Minority Empowerment ETF 33.2 75 -15 4.6 +1.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 33.1 60 0 3.5 +0.1
VTI Vanguard Total Stock Market Index Fund 33.1 3 57 4.7 +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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 & Growth 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 24.6 %
Divided by: Fwd. P/BV 6.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.49
 
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.