Global X NASDAQ 100 Covered Call ETF (QYLD)
Global X NASDAQ-100 Covered Call ETF (QYLD) is a financial product that aims to track the investment results of the CBOE NASDAQ-100 Buy Write V2 Index. This index measures the performance of a covered call strategy on the NASDAQ-100 Index, which is a stock market index that consists of the 100 largest non-financial companies listed on the NASDAQ stock exchange. The ETF is passively managed, which means it seeks to replicate the performance of the underlying index rather than actively selecting individual securities. It was launched on December 12, 2013, and has an annual expense ratio of 0.60%.
ETF Info
| ISIN | US37954Y4834 |
|---|---|
| CUSIP | 37954Y483 |
| Issuer | Global X |
| Inception Date | Dec 12, 2013 |
| Region | North America (U.S.) |
| Category | Large Cap Growth Equities |
| Index Tracked | CBOE NASDAQ-100 Buy Write V2 |
| ETF Home Page | www.globalxetfs.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The Global X NASDAQ 100 Covered Call ETF has a high expense ratio of 0.60%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Global X NASDAQ 100 Covered Call ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
Global X NASDAQ 100 Covered Call ETF had a return of 14.46% year-to-date (YTD) and 17.88% in the last 12 months. Over the past 10 years, Global X NASDAQ 100 Covered Call ETF had an annualized return of 6.61%, while the S&P 500 had an annualized return of 9.70%, indicating that Global X NASDAQ 100 Covered Call ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -3.18% | -3.58% |
| 6 months | 3.74% | 6.12% |
| Year-To-Date | 14.46% | 11.33% |
| 1 year | 17.88% | 17.20% |
| 5 years (annualized) | 3.47% | 7.99% |
| 10 years (annualized) | 6.61% | 9.70% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -1.86% | 5.63% | 1.83% | 3.01% | 1.65% | 2.60% | -2.13% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 1.45 | ||||
^GSPC S&P 500 | 0.98 |
Dividend History
Global X NASDAQ 100 Covered Call ETF granted a 12.20% dividend yield in the last twelve months. The annual payout for that period amounted to $2.03 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.03 | $2.11 | $2.85 | $2.54 | $2.32 | $2.65 | $1.89 | $2.04 | $2.20 | $2.58 |
Dividend yield | 12.20% | 14.51% | 15.80% | 15.58% | 15.45% | 21.64% | 14.92% | 19.21% | 21.71% | 27.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X NASDAQ 100 Covered Call ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.18 | $0.18 | $0.17 | ||||
| 2022 | $0.19 | $0.19 | $0.20 | $0.20 | $0.17 | $0.17 | $0.17 | $0.17 | $0.16 | $0.16 | $0.16 | $0.16 |
| 2021 | $0.23 | $0.23 | $0.22 | $0.23 | $0.22 | $0.19 | $0.22 | $0.19 | $0.19 | $0.20 | $0.22 | $0.50 |
| 2020 | $0.20 | $0.24 | $0.18 | $0.20 | $0.20 | $0.21 | $0.21 | $0.22 | $0.21 | $0.22 | $0.22 | $0.23 |
| 2019 | $0.22 | $0.19 | $0.20 | $0.18 | $0.21 | $0.22 | $0.17 | $0.23 | $0.18 | $0.18 | $0.20 | $0.17 |
| 2018 | $0.25 | $0.25 | $0.25 | $0.23 | $0.22 | $0.20 | $0.18 | $0.23 | $0.20 | $0.25 | $0.23 | $0.17 |
| 2017 | $0.13 | $0.10 | $0.12 | $0.14 | $0.13 | $0.22 | $0.16 | $0.20 | $0.15 | $0.15 | $0.13 | $0.25 |
| 2016 | $0.21 | $0.22 | $0.16 | $0.16 | $0.17 | $0.20 | $0.14 | $0.13 | $0.19 | $0.15 | $0.16 | $0.15 |
| 2015 | $0.23 | $0.15 | $0.16 | $0.15 | $0.17 | $0.15 | $0.15 | $0.20 | $0.22 | $0.21 | $0.18 | $0.21 |
| 2014 | $0.26 | $0.19 | $0.19 | $0.26 | $0.24 | $0.21 | $0.21 | $0.22 | $0.19 | $0.24 | $0.20 | $0.14 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Global X NASDAQ 100 Covered Call ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Global X NASDAQ 100 Covered Call ETF is 24.89%, recorded on Oct 14, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.89% | Dec 9, 2021 | 214 | Oct 14, 2022 | — | — | — |
| -24.75% | Feb 21, 2020 | 17 | Mar 16, 2020 | 164 | Nov 5, 2020 | 181 |
| -19.02% | Oct 4, 2018 | 56 | Dec 24, 2018 | 135 | Jul 10, 2019 | 191 |
| -11.25% | Dec 30, 2015 | 27 | Feb 8, 2016 | 153 | Sep 15, 2016 | 180 |
| -10.99% | Jul 21, 2015 | 26 | Aug 25, 2015 | 42 | Oct 23, 2015 | 68 |
Volatility Chart
The current Global X NASDAQ 100 Covered Call ETF volatility is 2.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.