QYLG - ETF AI Analysis
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Global X Nasdaq 100 Covered Call & Growth ETF (QYLG)
Rating:74Outperform
Price Target:―
Positive Factors
Strong Growth-Oriented Top Holdings
Several major positions like Micron, Advanced Micro Devices, Apple, Nvidia, and Amazon have shown strong year-to-date performance, supporting the fund’s overall returns.
Heavy Exposure to Leading Technology Names
With most assets in technology and related sectors, the ETF is positioned to benefit when innovative, growth-focused companies perform well.
Moderate Expense Ratio
The fund’s fee is not extremely high for a specialized strategy, allowing investors to keep a reasonable share of the returns generated.
Negative Factors
High Concentration in a Few Stocks
A small group of companies such as Nvidia, Apple, Microsoft, Micron, and Amazon make up a large portion of the portfolio, increasing the impact of any weakness in these names.
Mixed Performance Among Top Holdings
Important positions like Microsoft, Meta, and Tesla have shown weak year-to-date performance, which can drag on the fund’s overall results.
Limited Geographic Diversification
The ETF is almost entirely invested in U.S. companies, offering very little exposure to other regions and making it more sensitive to U.S.-specific market risks.
QYLG vs. SPDR S&P 500 ETF (SPY)
AUM171.25M
RegionNorth America
Expense Ratio0.35%
Beta1.02
IssuerGlobal X
Inception DateSep 18, 2020
Dividend Yield17.14%
Asset ClassEquity
Index TrackedCboe Nasdaq 100 Half BuyWrite V2 Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume32,909
30 Day Avg. Volume43,633
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
37.66Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering102
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QYLG Summary
QYLG is the Global X Nasdaq 100 Covered Call & Growth ETF, which follows the Cboe Nasdaq 100 Half BuyWrite V2 Index. It invests in many of the biggest U.S. companies in the Nasdaq 100, especially tech, communication, and consumer brands. Top holdings include well-known names like Apple, Nvidia, Microsoft, Amazon, and Tesla. The fund aims to offer both growth potential and extra income by using a covered call strategy on part of its holdings. A key risk is that it is heavily tilted toward large tech-related stocks, so its value can rise and fall sharply with the broader market and the tech sector.
How much will it cost me?The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has an expense ratio of 0.35%, which means you’ll pay $3.50 per year for every $1,000 invested. This is slightly higher than average for ETFs because it uses an actively managed covered call strategy to generate income alongside growth potential.
What would affect this ETF?The QYLG ETF, heavily focused on U.S. technology and consumer sectors, could benefit from continued innovation and strong earnings growth among its top holdings like Nvidia, Microsoft, and Apple. However, rising interest rates or regulatory changes targeting big tech could negatively impact these companies’ valuations and profitability, while broader economic slowdowns may dampen consumer spending and growth potential. The covered call strategy may help cushion volatility but could limit upside during strong market rallies.
QYLG Top 10 Holdings
QYLG is essentially riding the Nasdaq’s Big Tech and chip wave, with Microsoft and Amazon doing much of the heavy lifting lately as their cloud and AI stories stay in the spotlight. Micron and AMD have been standout risers, giving the fund extra juice from the semiconductor boom, while Nvidia remains a key engine despite some recent choppiness. On the flip side, Apple feels like it’s losing a bit of steam and Tesla is clearly dragging, tempering overall gains. With a heavy U.S. tech tilt, this ETF lives and dies by America’s digital and AI giants.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 8.89% | $15.23M | $5.55T | 32.19% | 76 Outperform | |
| Apple | 7.75% | $13.28M | $4.67T | 34.93% | 79 Outperform | |
| Microsoft | 6.09% | $10.44M | $3.71T | -0.89% | 79 Outperform | |
| Micron | 4.80% | $8.22M | $1.15T | 673.31% | 79 Outperform | |
| Amazon | 4.48% | $7.67M | $2.79T | 7.86% | 71 Outperform | |
| Advanced Micro Devices | 3.30% | $5.66M | $779.62B | 224.57% | 73 Outperform | |
| Alphabet Class A | 3.21% | $5.49M | $4.12T | 41.20% | 85 Outperform | |
| Tesla | 3.02% | $5.18M | $1.40T | 6.11% | 73 Outperform | |
| Alphabet Class C | 2.97% | $5.10M | $4.12T | 39.75% | 82 Outperform | |
| Meta Platforms | 2.91% | $4.98M | $1.57T | -19.88% | 76 Outperform |
QYLG Technical Analysis
Positive
―
Price Trends
29.24
Positive
29.01
Positive
27.44
Positive
Market Momentum
0.11
Positive
55.94
Neutral
59.46
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QYLG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 29.56, equal to the 50-day MA of 29.24, and equal to the 200-day MA of 27.44, indicating a bullish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 55.94 is Neutral, neither overbought nor oversold. The STOCH value of 59.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QYLG.
QYLG Peer Comparison
Comparison Results
Performance Comparison
QYLG
Global X Nasdaq 100 Covered Call & Growth ETF
29.71
5.43
22.36%
IUS
Invesco RAFI Strategic US ETF
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CVLC
Calvert US Large-Cap Core Responsible Index ETF
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FTQI
First Trust Hedged BuyWrite Income ETF
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―
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SPHB
Invesco S&P 500 High Beta ETF
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―
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PTL
Inspire 500 ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis 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.Date of analysis: ―
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