Global X S&P 500 Covered Call ETF
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2024E    2025E
P/E
ratio
19.9x P/Sales
ratio
2.7x
P/BV
ratio
3.7x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
XLYD tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock.

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Jun 24, 2013
Assets (mns) $2,791
Currency USD
Expense ratio 60 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 503
Wgt avg mkt cap (mns) $808,861
Large cap (>$10bn) 99.5%
Mid cap ($2-10bn) 0.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 7.2 %
APPLE INC 6.3 %
NVIDIA CORP 4.6 %
AMAZON.COM INC 3.8 %
META PLATFORMS INC 2.5 %
ALPHABET INC. CLASS A 2.0 %
BERKSHIRE HATHAWAY INC-CL B 1.8 %
WAL-MART STORES INC 1.8 %
ALPHABET INC. CLASS C 1.7 %
ELI LILLY & CO 1.4 %
Total 33.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %
IRELAND 1.7 %
BRITAIN 0.7 %
SWITZERLAND 0.4 %
NETHERLANDS 0.1 %
BERMUDA 0.1 %





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.
1.0% 7.7% -- -- 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.51 76%
MSCI EAFE 0.46 57%
MSCI Emg. Mkts. 0.28 23%

Technical Indicators
Recent close $40.10
30d moving avg. $39.00
Annualized volatility 10.3%
Short interest (ETF) 0.4%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 438
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $352,461

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 35 potential alternatives to the Global X S&P 500 Covered Call ETF ETF based on the alternatives' overlap in portfolio holdings with XYLD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XYLD Expense: 60 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XYLD
Ticker Fund
Name
Overlap1
vs XYLD
(%)
Expense
ratio
(bp)
Savings
vs XYLD
(bp)
ALTAR
Score™
(%)
ALTAR
vs XYLD
(%)
XRMI Global X S&P 500 Risk Managed Income ETF 101.0 60 0 4.8 +0.0
XYLG Global X S&P 500 Covered Call & Growth ETF 100.4 60 0 4.7 -0.1
PBP Invesco S&P 500 BuyWrite ETF 100.0 49 11 4.9 +0.1
XCLR Global X S&P 500 Collar 95-110 ETF 99.4 25 35 5.1 +0.3
XTR Global X S&P 500 Tail Risk ETF 99.2 26 34 5.0 +0.3
XYLE Global X S&P 500 ESG Covered Call ETF 75.9 60 0 4.8 +0.1
EFIV SPDR S&P 500 ESG ETF 75.1 10 50 5.1 +0.4
SFLR Innovator Equity Managed Floor ETF 68.1 89 -29 4.2 -0.6
FTHI First Trust BuyWrite Income ETF 58.4 75 -15 5.5 +0.7
ACIO Aptus Collared Investment Opportunity ETF 58.4 79 -19 4.3 -0.5
FTQI First Trust Nasdaq BuyWrite Income ETF 48.6 75 -15 4.0 -0.8
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 45.8 35 25 4.3 -0.5
QRMI Global X NASDAQ 100 Risk Managed Income ETF 45.7 60 0 4.2 -0.6
QTR Global X NASDAQ 100 Tail Risk ETF 45.7 26 34 4.4 -0.4
QYLD Global X NASDAQ 100 Covered Call ETF 45.7 60 0 4.2 -0.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 45.7 60 0 4.1 -0.7
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 45.7 68 -8 4.1 -0.7
QCLR Global X NASDAQ 100 Collar 95-110 ETF 45.7 25 35 4.4 -0.4
QYLE Global X Nasdaq 100 ESG Covered Call ETF 43.6 60 0 4.3 -0.5
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 41.3 82 -22 5.8 +1.0
MMLG First Trust Multi-Manager Large Growth ETF 40.2 85 -25 2.0 -2.8
STLG iShares Factors US Growth Style ETF 37.8 25 35 5.5 +0.8
DJIA Global X Dow 30 Covered Call ETF 28.5 60 0 5.3 +0.5
TYLG Global X Information Technology Covered Call & Growth ETF 28.4 60 0 4.4 -0.4
DYLG Global X Dow 30 Covered Call & Growth ETF 28.4 60 0 5.3 +0.5
CCOR Core Alternative ETF 23.3 107 -47 5.2 +0.4
DIVO Amplify CWP Enhanced Dividend Income ETF 22.2 55 5 5.5 +0.8
THNQ ROBO Global Artificial Intelligence ETF 15.6 68 -8 1.7 -3.1
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 14.0 75 -15 5.8 +1.1
FYLG Global X Financials Covered Call & Growth ETF 13.1 60 0 5.6 +0.8
HYLG Global X Health Care Covered Call & Growth ETF 12.9 60 0 6.3 +1.5
XVOL Acruence Active Hedge U.S. Equity ETF 11.5 83 -23 5.0 +0.3
LCG Sterling Capital Focus Equity ETF 9.9 59 1 3.0 -1.8
GBLD Invesco MSCI Green Building ETF 0.1 39 21 8.3 +3.6
RYLD Global X Russell 2000 Covered Call ETF 0.0 60 0 3.4 -1.4

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 S&P 500 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 19.5 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.