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 | Derivative Income |
| Leveraged | 1x |
| Index Tracked | CBOE NASDAQ-100 Buy Write V2 |
| Distribution Policy | Distributing |
| Home Page | www.globalxetfs.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
QYLD features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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.
Returns By Period
Global X NASDAQ 100 Covered Call ETF had a return of 15.56% year-to-date (YTD) and 21.70% in the last 12 months. Over the past 10 years, Global X NASDAQ 100 Covered Call ETF had an annualized return of 8.32%, while the S&P 500 had an annualized return of 11.71%, indicating that Global X NASDAQ 100 Covered Call ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 15.56% | 22.95% |
| 1 month | 2.80% | 4.39% |
| 6 months | 12.52% | 18.07% |
| 1 year | 21.70% | 37.09% |
| 5 years (annualized) | 7.66% | 14.48% |
| 10 years (annualized) | 8.32% | 11.71% |
Monthly Returns
The table below presents the monthly returns of QYLD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.65% | 2.38% | 1.29% | -1.81% | 1.51% | 1.88% | 0.44% | 2.85% | 1.86% | 15.56% | |||
| 2023 | 7.18% | -1.86% | 5.63% | 1.83% | 3.01% | 1.65% | 2.60% | -2.13% | -3.04% | 0.04% | 3.63% | 2.67% | 22.79% |
| 2022 | -5.50% | -2.19% | 5.24% | -6.83% | -5.91% | -2.17% | 6.46% | -6.49% | -7.31% | 4.07% | 3.76% | -3.05% | -19.41% |
| 2021 | 1.14% | -0.90% | 1.77% | 1.06% | -0.65% | 1.88% | 1.28% | 3.20% | -3.37% | 4.35% | -0.39% | 0.79% | 10.41% |
| 2020 | 0.41% | -8.10% | -9.01% | 5.20% | 3.98% | 2.67% | 3.80% | 3.63% | -1.64% | -3.07% | 10.04% | 2.17% | 8.72% |
| 2019 | 4.61% | 2.38% | 2.21% | 1.67% | -4.39% | 6.07% | 2.46% | -1.26% | 0.51% | 3.14% | 1.97% | 1.65% | 22.70% |
| 2018 | 2.35% | 1.22% | -3.50% | 1.67% | 3.45% | -1.36% | 2.78% | 3.46% | 0.72% | -5.44% | 0.19% | -7.92% | -3.07% |
| 2017 | 3.03% | 1.18% | 1.32% | 1.53% | 1.77% | 0.46% | 1.43% | 1.32% | 0.52% | 2.55% | 0.71% | 1.55% | 18.79% |
| 2016 | -6.40% | 2.20% | 2.69% | -2.91% | 1.70% | 0.71% | 1.51% | 0.57% | 2.05% | 0.65% | 1.45% | 0.83% | 4.77% |
| 2015 | -1.83% | 2.25% | -0.30% | 1.03% | 1.02% | -1.16% | 3.27% | -6.78% | 2.03% | 7.10% | 0.68% | 0.23% | 7.17% |
| 2014 | -0.61% | 3.44% | -1.62% | -0.74% | 2.32% | 1.21% | 0.09% | 2.23% | -1.19% | -2.01% | -0.19% | 1.40% | 4.25% |
| 2013 | 2.00% | 2.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QYLD is 63, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Global X NASDAQ 100 Covered Call ETF granted a 11.29% dividend yield in the last twelve months. The annual payout for that period amounted to $2.07 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.07 | $2.04 | $2.11 | $2.85 | $2.54 | $2.32 | $2.65 | $1.89 | $2.04 | $2.20 | $2.58 |
Dividend yield | 11.29% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.18 | $0.18 | $0.18 | $0.17 | $0.16 | $0.17 | $0.18 | $0.18 | $0.18 | $0.00 | $1.58 | ||
| 2023 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.18 | $0.18 | $0.17 | $0.17 | $0.17 | $0.16 | $0.17 | $2.04 |
| 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 | $2.11 |
| 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 | $2.85 |
| 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 | $2.54 |
| 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 | $2.32 |
| 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 | $2.65 |
| 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 | $1.89 |
| 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 | $2.04 |
| 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 | $2.20 |
| 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 | $2.58 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Global X NASDAQ 100 Covered Call ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X NASDAQ 100 Covered Call ETF was 24.89%, occurring on Oct 14, 2022. Recovery took 316 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.89% | Dec 9, 2021 | 214 | Oct 14, 2022 | 316 | Jan 19, 2024 | 530 |
| -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
Volatility Chart
The current Global X NASDAQ 100 Covered Call ETF volatility is 1.46%, 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.