Global X NASDAQ 100 Covered Call ETF
QYLD - ETF AI Analysis
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Global X NASDAQ 100 Covered Call ETF (QYLD)
QYLD, the Global X NASDAQ 100 Covered Call ETF, has a solid overall rating largely because it holds high-quality tech leaders like Microsoft, Apple, and Alphabet, which benefit from strong financial performance, growth in cloud and AI, and generally positive long-term outlooks. Some holdings such as Amazon and Tesla face headwinds from high valuations, mixed technical signals, or cash flow and valuation concerns, which can weigh on the fund’s rating. The main risk is the ETF’s heavy concentration in large U.S. technology and internet companies, making it sensitive to downturns in that sector.
QYLD vs. SPDR S&P 500 ETF (SPY)
- AUM
- 7.74B
- Region
- North America
- Expense Ratio
- 0.60%
- Beta
- 0.69
- Issuer
- Global X
- Inception Date
- Dec 12, 2013
- Dividend Yield
- 12.51%
- Asset Class
- Equity
- Index Tracked
- Cboe NASDAQ-100 BuyWrite V2 Index
QYLD Summary
QYLD is an ETF that follows the Cboe NASDAQ-100 BuyWrite V2 Index, giving you exposure to many of the biggest non-financial companies on the NASDAQ while aiming to generate regular income. It mainly holds large U.S. tech and communication companies, including well-known names like Apple and Nvidia. Investors might consider QYLD if they want a mix of stock market exposure and potential monthly income from its covered call strategy, rather than focusing only on growth. A key risk is that the fund is heavily tied to tech-related stocks and can go up and down with the broader market.
How much will it cost me?
QYLD has an expense ratio of 0.60%, which means you’ll pay about $6 per year for every $1,000 invested. This cost is higher than the average ETF because QYLD uses an actively managed covered call options strategy rather than a simple passive index approach.
What would affect this ETF?
QYLD could benefit if major U.S. technology and internet companies like Nvidia, Apple, Microsoft, and Alphabet keep growing and if market volatility stays moderate, supporting its income-focused covered call strategy. On the other hand, rising interest rates, tighter regulations on big tech, or a sharp downturn in the NASDAQ-100 could hurt both the fund’s stock prices and limit its upside, even though option income may partially cushion declines.
QYLD Top 10 Holdings
QYLD is essentially riding the NASDAQ-100’s tech-heavy roller coaster, with Big Tech and chip names calling the shots. Apple and Microsoft have been steady climbers, helping to anchor returns, while Amazon adds a quieter but supportive push. On the semiconductor side, Micron and AMD have been rising strongly over the year, giving the fund extra fuel, even as Nvidia’s recent wobble and Alphabet and Meta’s mixed performance occasionally tug it back. With almost all exposure in U.S. large-cap tech and communication names, QYLD is firmly tied to America’s digital growth story.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 AAPL | Apple | 8.72% | $674.42M | $4.98T | 26.91% | 79Outperform |
 NVDA | Nvidia | 7.60% | $587.64M | $4.50T | -0.77% | 76Outperform |
 MSFT | Microsoft | 6.91% | $534.34M | $3.94T | 6.74% | 79Outperform |
 AMZN | Amazon | 4.87% | $376.86M | $2.80T | 6.69% | 71Outperform |
 MU | Micron | 3.55% | $274.79M | $780.68B | 189.51% | 79Outperform |
 AMD | Advanced Micro Devices | 3.16% | $244.71M | $736.46B | 88.91% | 73Outperform |
 TSLA | Tesla | 3.13% | $242.42M | $1.42T | -19.67% | 73Outperform |
 META | Meta Platforms | 3.12% | $241.59M | $1.56T | -1.42% | 76Outperform |
 WMT | Walmart | 2.98% | $230.24M | $995.84B | 23.45% | 78Outperform |
 GOOGL | Alphabet Class A | 2.88% | $222.63M | $3.48T | 0.01% | 85Outperform |
QYLD Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QYLD, the sentiment is Negative. The current price of 17.11 is below the 20-day moving average (MA) of 18.10, below the 50-day MA of 18.15, and below the 200-day MA of 17.17, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 32.77 is Neutral, neither overbought nor oversold. The STOCH value of 18.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QYLD.
QYLD Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| QYLD | $17.11 | $20.00(16.89% Upside) | $7.74B | 0.60% | 74Outperform |
 VONE | $332.95 | $425.31(27.74% Upside) | $9.16B | 0.06% | 73Outperform |
 JQUA | $73.34 | $86.83(18.39% Upside) | $9.49B | 0.12% | 73Outperform |
 FELC | $41.54 | $51.78(24.64% Upside) | $8.66B | 0.18% | 73Outperform |
 FTCS | $102.58 | $108.69(5.95% Upside) | $8.01B | 0.53% | 74Outperform |
 DIVO | $46.61 | $52.76(13.19% Upside) | $7.92B | 0.56% | 63Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| QYLD | Global X NASDAQ 100 Covered Call ETF | 17.11 | 1.59 | 10.24% | |
| VONE | Vanguard Russell 1000 ETF | 332.95 | 26.92 | 8.80% | |
| JQUA | JPMorgan U.S. Quality Factor ETF | 73.34 | 11.27 | 18.15% | |
| FELC | Fidelity Enhanced Large Cap Core ETF | 41.54 | 3.78 | 10.00% | |
| FTCS | First Trust Capital Strength ETF | 102.58 | 11.35 | 12.44% | |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | 46.61 | 3.94 | 9.23% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.