Streetbeat News

XYLD

Global X S&P 500 Covered Call ETF

http://www.globalxfunds.com/funds/hspx/

Industry

Asset Management - Global

The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index measures the performance of a hypothetical portfolio that employs a covered call strategy. A covered call strategy is generally considered to be an investment strategy in which an investor buys a security, and sells (or "writes") a call option on that security in an attempt to generate more income.

Open

42.43

Mkt cap

2.9B

Volume

595K

High

42.43

P/E Ratio

26.95

52-wk high

42.43

Low

42.06

Div yield

0.09

52-wk low

37.93

XYLD's aggressive covered-call strategy leads to underperformance compared to the S&P 500 and other short-premium funds. Investors are advised to consider alternatives like SPY or PUTW for better long-term returns.

Portfolio Pulse from

November 26, 2024 | 2:30 am

The Global X S&P 500 Covered Call ETF (XYLD) has reached a new 52-week high, showing a 10.5% increase from its 52-week low of $37.93 per share. This indicates strong momentum for the ETF.

Portfolio Pulse from

November 18, 2024 | 5:15 pm

The NEOS Nasdaq-100 High Income ETF (QQQI) aims to offer high monthly income and tax efficiency by replicating the Nasdaq-100 Index and using out-of-the-money covered call strategies. It's introduced by the same team behind the successful NEOS S&P 500 High Income ETF (SPYI), which outperformed other S&P 500 covered call ETFs in 2023. QQQI's strategy differs from the GlobalX Nasdaq 100 Covered Call ETF (QYLD) by aiming for higher income and potential share price appreciation. Early performance shows promising results with a higher distribution yield compared to QYLD.

Portfolio Pulse from Austin Hankwitz

March 15, 2024 | 7:32 pm

Jon Maier, investment chief at Global X, forecasts AI-related stocks, cloud computing, and cybersecurity to dominate in 2024. He recommends Global X ETFs like CLOU and BUG, as well as alternatives SKYY and IHAK. Small caps are also highlighted with ETFs VB and IJR suggested. Covered-call products XYLD and QYLD are recommended for range-bound markets. Emerging markets, especially India, are seen as potential growth areas. The SEC is monitoring companies for transparency in AI capabilities.

Portfolio Pulse from Benzinga Neuro

December 18, 2023 | 3:14 am

The NEOS S&P 500 High Income ETF (SPYI) has outperformed both the JPMorgan Equity Premium Income ETF (JEPI) and the Global X S&P 500 Covered Call ETF (XYLD) in terms of price appreciation, income generated year-to-date, and total return. SPYI's price action year-to-date has been 1.62%, while paying income of 9.34% — a total return of 10.99%. This figure is substantially closer to the S&P 500’s total return of 11.38% year-to-date. SPYI has captured over 96% of the S&P 500’s total return thus far in 2023.

Portfolio Pulse from Austin Hankwitz

October 23, 2023 | 7:19 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.