XYLGGlobal X S&P 500 Covered Call & Growth ETF
XYLG Fund Description
XLYG tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock.
XYLG Factset Analytics Insight
XYLG attempts to provide the best of two worlds, growth and yield. The fund holds the stocks of the S&P 500 Index and writes one-month, at-the-money Index call options on half of the portfolio value. The call options are held through expiration, either expiring or settling in cash. The fund looks to earn some premium income from half of the portfolio and allowing the other half upside potential. Holding the various positions and writing index call options inside of an ETF wrapper is a more efficient way to access the strategy. The strategy should reduce volatility and help generate some income, compared to the index itself, but it also places a drag on the overall upside potential. As such, the returns will differ greatly from our benchmark.
XYLG MSCI ESG Analytics Insight
Global X S&P 500 Covered Call & Growth ETF has an MSCI ESG Fund Rating of A based on a score of 5.85 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 & Growth ETF ranks in the 41st percentile within its peer group and in the 48th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
XYLG Summary Data
XYLG Portfolio Data
XYLG Index Data
XYLG Portfolio Management
XYLG Tax Exposures
XYLG Fund Structure
XYLG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XYLG. XYLG is rated a 5 out of 5.
XYLG Sector/Industry Breakdown
XYLG Economic Development
XYLG Performance Statistics
XYLG MSCI ESG Ratings
XYLG Benchmark Comparison Summary
XYLG Benchmark Comparison Market Cap Size