QYLDGlobal X NASDAQ 100 Covered Call ETF
QYLD Fund Description
QYLD tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums.
QYLD Factset Analytics Insight
QYLD seeks yield from the Nasdaq-100 via options premium. Historically, investors came to the Nasdaq for growth, not yield. While that dynamic may be shifting as tech giants mature and begin paying dividends, the fact remains that pure-play S&P 500 funds offer more yield than the 'plain vanilla' Nasdaq-100 fund QQQ. Enter QYLD, which matches QQQ's Nasdaq-100 exposure, but earns income by selling call options and passes it on to investors net of fees. Covered call ETFs are hardly new, but QYLD was the first to apply it to the Nasdaq-100. Expect a generally less volatile return pattern from QYLD relative to QQQ. Use great care trading and monitor the asset levels. Also note that the fund's prospectus allows a bit of leverage. The fund rebranded and changed its name from Recon Capital NASDAQ 100 Covered Call ETF to Horizons Nasdaq-100 Covered Call ETF on Feb 28, 2017.
QYLD MSCI ESG Analytics Insight
Global X NASDAQ 100 Covered Call ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.44 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 NASDAQ 100 Covered Call ETF ranks in the 33th percentile within its peer group and in the 20th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
QYLD Summary Data
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QYLD Portfolio Management
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QYLD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of QYLD. QYLD is rated a 5 out of 5.
QYLD Sector/Industry Breakdown
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QYLD MSCI ESG Ratings
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QYLD Benchmark Comparison Market Cap Size