XYLD
Global X S&P 500 Covered Call ETF
XLYD tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock.
US
EQUITY
Passive
MANAGEMENT STYLE
2.8 B
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 24, 2013 |
| Assets (mns) | $2,809 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Fixed |
| Weighting | Fixed |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.3 % |
| NVIDIA CORP | 7.0 % |
| MICROSOFT CORP | 6.4 % |
| AMAZON.COM INC | 3.6 % |
| META PLATFORMS INC | 2.6 % |
| ALPHABET INC. CLASS A | 2.0 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.7 % |
| BROADCOM INC. | 1.7 % |
| ALPHABET INC. CLASS C | 1.6 % |
| ELI LILLY & CO | 1.5 % |
Constituent Breakdown
| Number of holdings | 503 |
| Herfindahl-Hirschman Index | 205 |
| Wgt avg mkt cap (mns) | $886,628 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.7 % |
 |
IRELAND | 1.7 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.0% | 18.4% | 16.6% | 6.2% | -- | -- | 8.2% | Volatility | 4.4% | 6.0% | 9.6% | 10.8% | 16.2% | 14.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.50 | 77% |
| MSCI EAFE | 0.44 | 58% |
| MSCI Emg Mkts | 0.30 | 25% |
Liquidity Measures
| Avg. volume (000) | 387 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $280,521 |
Technical Indicators
| Recent close | $41.32 |
| 30d moving avg. | $40.97 |
| Annualized volatility | 10.2% |
| Relative strength (RSI) | 62 |
| Short interest (ETF) | 1.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XYLD |
Expenses vs. XYLD |
ALTAR Score™ vs. XYLD |
|---|---|---|---|---|
| XRMI | Global X S&P 500 Risk Managed Income ETF | 100.7% | 0 bp | 0.0% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 100.4% | 0 bp | -0.1% |
| PBP | Invesco S&P 500 BuyWrite ETF | 100.1% | -11 bp | +0.1% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 98.9% | -35 bp | +0.5% |
| XTR | Global X S&P 500 Tail Risk ETF | 98.9% | -34 bp | +0.5% |
| XYLE | Global X S&P 500 ESG Covered Call ETF | 72.7% | 0 bp | +0.3% |
| EFIV | SPDR S&P 500 ESG ETF | 72.1% | -50 bp | +0.6% |
| SFLR | Innovator Equity Managed Floor ETF | 68.3% | +29 bp | -0.5% |
| FTHI | First Trust BuyWrite Income ETF | 62.1% | +15 bp | +0.2% |
| ACIO | Aptus Collared Investment Opportunity ETF | 58.4% | +19 bp | -0.5% |
Risk and Returns: XYLD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XYLD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
XYLD
4.6%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 934 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. XYLD's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places XYLD in the 34th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XYLDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| XYLD (60 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XYLD | 60.0 | 2.6 | 62.6 |
| Peer Avg. | 26.1 | 10.4 | 36.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .