Global X Information Technology Covered Call & Growth ETF
ALTAR
Score™		 4.5% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 32.7x P/Sales
ratio		 5.5x
P/BV
ratio		 7.3x Div.
yield		 0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
TYLG tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock.

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxetfs.com
Inception date Nov 21, 2022
Assets (mns) $8
Currency USD
Expense ratio 60 bp
Distributions Monthly

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 70
Wgt avg mkt cap (mns) $647,733
Large cap (>$10bn) 54.6%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 54.6%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SPDR-TECH SEL S 54.6 %
APPLE INC 6.9 %
MICROSOFT CORP 6.5 %
NVIDIA CORP 5.7 %
BROADCOM INC. 2.1 %
ORACLE CORP 1.4 %
SALESFORCE.COM INC 1.3 %
ADVANCED MICRO DEVICES 1.3 %
ADOBE SYSTEMS INC 1.2 %
ACCENTURE PLC-CL A 1.1 %
Total 82.2 %

TOP COUNTRY EXPOSURE
0.0 %











HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.3% 30.3% -- -- 19.7%

Market Correlations
versus... Beta R-squared
S&P500 0.87 80%
MSCI EAFE 0.55 39%
MSCI Emg. Mkts. 0.58 39%

Technical Indicators
Recent close $33.46
30d moving avg. $31.82
Annualized volatility 13.1%
Short interest (ETF) 4.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $49,690

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 32 potential alternatives to the Global X Information Technology Covered Call & Growth ETF ETF based on the alternatives' overlap in portfolio holdings with TYLG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TYLG Expense: 60 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TYLG
Ticker Fund
Name		 Overlap1
vs TYLG
(%)		 Expense
ratio
(bp)		 Savings
vs TYLG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs TYLG
(%)
QCLR Global X NASDAQ 100 Collar 95-110 ETF 35.1 25 35 4.5 +0.0
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 35.1 60 0 4.1 -0.4
QYLD Global X NASDAQ 100 Covered Call ETF 35.1 60 0 4.1 -0.4
QTR Global X NASDAQ 100 Tail Risk ETF 35.1 26 34 4.5 0.0
QRMI Global X NASDAQ 100 Risk Managed Income ETF 35.1 60 0 4.1 -0.4
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 35.0 68 -8 4.1 -0.4
QYLE Global X Nasdaq 100 ESG Covered Call ETF 34.4 60 0 4.3 -0.3
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 33.1 35 25 4.4 -0.1
XYLD Global X S&P 500 Covered Call ETF 31.0 60 0 4.5 -0.0
PBP Invesco S&P 500 BuyWrite ETF 30.9 49 11 4.6 +0.1
XRMI Global X S&P 500 Risk Managed Income ETF 30.9 60 0 4.5 -0.0
XYLG Global X S&P 500 Covered Call & Growth ETF 30.9 60 0 4.5 -0.1
XTR Global X S&P 500 Tail Risk ETF 30.7 26 34 5.0 +0.5
XCLR Global X S&P 500 Collar 95-110 ETF 30.6 25 35 5.0 +0.5
FTQI First Trust Nasdaq BuyWrite Income ETF 29.9 75 -15 3.4 -1.1
GARP iShares MSCI USA Quality GARP ETF 29.8 15 45 4.9 +0.4
SFLR Innovator Equity Managed Floor ETF 28.4 89 -29 4.0 -0.5
ACIO Aptus Collared Investment Opportunity ETF 26.6 79 -19 4.1 -0.5
MMLG First Trust Multi-Manager Large Growth ETF 25.6 85 -25 2.2 -2.3
XYLE Global X S&P 500 ESG Covered Call ETF 25.4 60 0 4.8 +0.3
EFIV SPDR S&P 500 ESG ETF 25.4 10 50 5.1 +0.6
FTHI First Trust BuyWrite Income ETF 24.0 75 -15 4.7 +0.2
THNQ ROBO Global Artificial Intelligence ETF 15.5 68 -8 1.6 -2.9
DJIA Global X Dow 30 Covered Call ETF 13.7 60 0 5.1 +0.6
DYLG Global X Dow 30 Covered Call & Growth ETF 13.6 60 0 5.1 +0.5
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 11.3 58 2 4.0 -0.6
DIVO Amplify CWP Enhanced Dividend Income ETF 11.2 55 5 5.4 +0.9
CCOR Core Alternative ETF 8.3 107 -47 4.6 +0.1
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 6.9 82 -22 5.6 +1.1
LCG Sterling Capital Focus Equity ETF 5.3 59 1 3.7 -0.8
XVOL Acruence Active Hedge U.S. Equity ETF 4.5 83 -23 5.1 +0.6
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 1.4 75 -15 5.3 +0.8

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 Information Technology 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 31.7 %
Divided by: Fwd. P/BV 6.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 0.82 CATEGORY
AVERAGE		 1.57
 
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.