HSPX
Global X S&P 500 Covered Call ETFHSPX Fund Description
HSPX tracks an index of S&P 500 stocks and sells out-of-the-money call options on up to 100% of each stock.
HSPX Factset Analytics Insight
HSPX offers a new twist on an old strategy, writing calls against the S&P 500 stocks in its plain-vanilla basket in order to earn the premium. HSPX differs from direct foes PBP and BWV in a few ways. First, it writes out-of-the-money calls rather than at-the-money calls, a distinction that will produce smaller premiums, all else equal. The benefit of this stance is more equity upside. Second, the fund makes monthly distributions, while PBP pays out quarterly and BWV makes no distributions at all. This aspect should appeal to income seekers. Third, HSPX charges less than its foes. The fund isn't hugely popular and trades weakly on most days, with wide, variable spreads, but larger investors will have an easier time thanks to excellent underlying liquidity. HSPX charges a slightly lower fee than its peers, but volatile tracking makes the small benefit less certain.Prior to Dec. 15, 2017 HSPX tracked the S&P 500 Stock Covered Call Index.
HSPX MSCI ESG Analytics Insight
Global X S&P 500 Covered Call ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.54 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Global X S&P 500 Covered Call ETF ranks in the 54th percentile within its peer group and in the 63th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HSPX CHARTS AND PERFORMANCE
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HSPX Top 10 Countries
HSPX Top 10 Sectors
HSPX Top 10 Holdings [View All]
HSPX Summary Data
HSPX Portfolio Data
HSPX Index Data
HSPX Portfolio Management
HSPX Tax Exposures
HSPX Fund Structure
HSPX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HSPX. HSPX is rated a 5 out of 5.
HSPX Tradability
HSPX Sector/Industry Breakdown
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HSPX TOP 10 HOLDINGS[View All]
HSPX Countries
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HSPX Regions
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HSPX Economic Development
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HSPX Performance Statistics
HSPX MSCI ESG Ratings
HSPX BENCHMARK COMPARISON SUMMARY
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HSPX BENCHMARK COMPARISON MARKET CAP SIZE
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