Global X Nasdaq 100 Covered Call & Growth ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
28.1x P/Sales
ratio
4.4x
P/BV
ratio
6.5x Div.
yield
0.8%


  • 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) $10
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 102
Wgt avg mkt cap (mns) $781,153
Large cap (>$10bn) 99.7%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 97.5%
Emerging mkts 2.5%

TOP TEN HOLDINGS
APPLE INC 11.2 %
MICROSOFT CORP 9.6 %
AMAZON.COM INC 8.4 %
TESLA MOTORS INC 4.3 %
ALPHABET INC. CLASS C 3.6 %
FACEBOOK 3.4 %
ALPHABET INC. CLASS A 3.3 %
NVIDIA CORP 2.8 %
PAYPAL HOLDINGS INC 2.5 %
INTEL CORP 2.1 %
Total 51.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
CHINA 2.2 %
NETHERLANDS 0.8 %
ARGENTINA 0.7 %
BERMUDA 0.3 %
BRITAIN 0.3 %
ISRAEL 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
0.8% -- -- -- 11.8%

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

Technical Indicators
Recent close $29.05
30d moving avg. $30.57
Annualized volatility 0.0%
Short interest (ETF) 0.8%
Short interest (Underlying) 1.7%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.7%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $126,385

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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
(%)
QQQ Invesco QQQ Trust 99.8 20 40 3.8 +0.4
QQQM Invesco NASDAQ 100 ETF 99.8 15 45 3.8 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 99.6 60 0 3.4 -0.0
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 65.6 10 50 4.0 +0.6
ESGV Vanguard ESG U.S. Stock ETF 65.5 12 48 4.7 +1.3
IGM iShares Expanded Tech Sector ETF 64.4 46 14 3.5 +0.1
MGK Vanguard Mega Cap Growth ETF 64.4 7 53 3.8 +0.4
IWY iShares Russell Top 200 Growth ETF 63.9 20 40 3.9 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 63.2 4 56 4.1 +0.7
IVW iShares S&P 500 Growth ETF 63.2 18 42 3.9 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 61.3 4 56 3.4 0.0
IUSG iShares Core S&P US Growth ETF 60.7 4 56 4.0 +0.6
IWF iShares Russell 1000 Growth ETF 60.5 19 41 3.8 +0.4
IETC iShares Evolved U.S. Technology ETF 60.4 18 42 3.7 +0.3
VUG Vanguard Growth Index Fund 59.8 4 56 3.7 +0.3
TMFC Motley Fool 100 Index ETF 59.8 50 10 3.1 -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 54.8 43 17 3.7 +0.3
XLG Invesco S&P 500 Top 50 ETF 53.1 20 40 4.4 +1.0
HIPR Direxion High Growth ETF 52.9 40 20 4.2 +0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 52.3 59 1 4.1 +0.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 52.3 35 25 4.4 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 52.0 60 0 3.8 +0.4
SPMO Invesco S&P 500 Momentum ETF 51.3 13 47 4.3 +0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 51.0 12 48 4.2 +0.8
OEF iShares S&P 100 ETF 49.5 20 40 4.5 +1.1
SYG SPDR MFS Systematic Growth Equity ETF 49.3 60 0 3.9 +0.5
SPQQ Siren Large Cap Blend Index ETF 48.7 20 40 4.0 +0.6
FTEC Fidelity MSCI Information Technology Index ETF 47.7 8 52 4.1 +0.7
VGT Vanguard Information Technology Index Fund 47.7 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 +1.1
MGC Vanguard Mega Cap Index Fund 46.2 7 53 4.8 +1.4
MTUM iShares MSCI USA Momentum Factor ETF 45.5 15 45 2.7 -0.7
XLK Technology Select Sector SPDR Fund 45.3 12 48 4.4 +1.0
IXN iShares Global Tech ETF 45.2 46 14 3.9 +0.5
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 +1.5
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 +1.2
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 +1.3
SPXE ProShares S&P 500 Ex-Energy ETF 41.2 27 33 4.8 +1.4
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 +1.5
SPLG SPDR Portfolio Large Cap ETF 40.1 3 57 4.9 +1.5
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 +1.4
VOO VANGUARD S&P 500 ETF 39.5 3 57 4.9 +1.5
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 +1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 39.2 9 51 5.1 +1.7
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
SCHX Schwab U.S. Large-Cap ETF 37.8 3 57 4.8 +1.4
USXF iShares ESG Advanced MSCI USA ETF 37.8 10 50 4.7 +1.3
XNTK SPDR NYSE Technology ETF 37.5 35 25 2.9 -0.5
SFYF SoFi 50 ETF 37.2 29 31 -0.4 -3.8
SFY SoFi Select 500 ETF 37.1 0 60 4.8 +1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 37.0 10 50 5.0 +1.6
SUSL iShares ESG MSCI USA Leaders ETF 37.0 10 50 5.0 +1.6
PWB Invesco Dynamic Large Cap Growth ETF 37.0 56 4 2.7 -0.8
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 +1.2
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 +1.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 35.3 60 0 4.4 +1.0
LRGE ClearBridge Large Cap Growth ESG ETF 35.1 59 1 3.5 +0.1
HLAL Wahed FTSE USA Shariah ETF 34.8 50 10 4.2 +0.8
ACVF American Conservative Values ETF 34.6 75 -15 4.4 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 34.6 49 11 4.6 +1.2
ADME Aptus Drawdown Managed Equity ETF 34.6 79 -19 3.5 +0.1
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
IWV iShares Russell 3000 ETF 34.2 20 40 4.5 +1.1
JOYY Infusive Compounding Global Equities ETF 34.2 50 10 3.7 +0.3
SCHB Schwab U.S. Broad Market ETF 34.1 3 57 4.6 +1.2
RECS Columbia Research Enhanced Core ETF 34.1 15 45 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
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
  2020 2021E 2022E
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 25.3 %
Divided by: Fwd. P/BV 6.3 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
1.50
 
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.