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QYLG - ETF AI Analysis
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Global X Nasdaq 100 Covered Call & Growth ETF (QYLG)
Rating:78Outperform
Price Target:
$34.00
Positive Factors
Strong Top Holdings
Several of the ETF's largest positions, like Nvidia and Broadcom, have delivered strong year-to-date performance, driving overall returns.
Sector Focus on Growth Industries
The ETF is heavily weighted in technology and communication services, sectors that have shown strong growth potential.
Reasonable Expense Ratio
The fund charges a relatively low expense ratio, making it cost-effective compared to actively managed funds.
Negative Factors
High Concentration in Technology
Over 55% of the portfolio is allocated to technology, making the fund vulnerable to downturns in this sector.
Limited Geographic Diversification
The ETF is overwhelmingly focused on U.S. companies, offering minimal exposure to international markets.
Underperforming Holdings
Some top holdings, like Amazon and Apple, have shown weaker year-to-date performance, which could weigh on future returns.
QYLG vs. SPDR S&P 500 ETF (SPY)
AUM126.61M
RegionNorth America
Expense Ratio0.35%
Beta1.02
IssuerGlobal X
Inception DateSep 18, 2020
Dividend Yield23.66%
Asset ClassEquity
Index TrackedCboe Nasdaq 100 Half BuyWrite V2 Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume39,176
30 Day Avg. Volume34,040
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
34.75Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering104
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QYLG Summary
The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an investment fund that focuses on the Nasdaq 100 Index, which includes some of the largest and most innovative companies in the U.S. technology, consumer services, and healthcare sectors. It uses a covered call strategy to generate income while still offering growth potential. Well-known companies like Nvidia and Microsoft are among its top holdings, making it a good option for investors seeking a mix of income and exposure to leading tech-driven firms. However, since it is heavily focused on technology stocks, its performance can be impacted by fluctuations in the tech industry.
How much will it cost me?The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has an expense ratio of 0.35%, which means you’ll pay $3.50 per year for every $1,000 invested. This is slightly higher than average for ETFs because it uses an actively managed covered call strategy to generate income alongside growth potential.
What would affect this ETF?The QYLG ETF, heavily focused on U.S. technology and consumer sectors, could benefit from continued innovation and strong earnings growth among its top holdings like Nvidia, Microsoft, and Apple. However, rising interest rates or regulatory changes targeting big tech could negatively impact these companies’ valuations and profitability, while broader economic slowdowns may dampen consumer spending and growth potential. The covered call strategy may help cushion volatility but could limit upside during strong market rallies.
QYLG Top 10 Holdings
The QYLG ETF leans heavily into tech giants, with Nvidia and Microsoft leading the charge thanks to their steady growth in AI and cloud services. Broadcom is another standout, riding the wave of demand for AI semiconductors. However, Amazon and Meta have been lagging, with mixed technical signals and challenges in margins and expenses holding them back. Tesla’s recent momentum adds a spark, but its high valuation could bring volatility. With over half of the fund concentrated in technology, this ETF is a bet on innovation, primarily rooted in U.S.-based industry leaders.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 9.96% | $12.42M | $4.57T | 37.03% | 85 Outperform | |
| Apple | 8.68% | $10.82M | $3.97T | 20.16% | 80 Outperform | |
| Microsoft | 8.04% | $10.03M | $3.69T | 21.05% | 82 Outperform | |
| Broadcom | 5.92% | $7.38M | $1.65T | 100.32% | 76 Outperform | |
| Amazon | 5.68% | $7.08M | $2.61T | 20.09% | 76 Outperform | |
| Alphabet Class A | 3.53% | $4.41M | $3.37T | 60.85% | 80 Outperform | |
| Tesla | 3.41% | $4.26M | $1.43T | 27.21% | 73 Outperform | |
| Alphabet Class C | 3.31% | $4.13M | $3.37T | 59.69% | 86 Outperform | |
| Meta Platforms | 2.94% | $3.66M | $1.57T | 8.33% | 71 Outperform | |
| Netflix | 2.52% | $3.14M | $467.66B | 39.06% | 69 Neutral |
QYLG Technical Analysis
Positive
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Price Trends
29.30
Positive
28.46
Positive
27.01
Positive
Market Momentum
0.25
Positive
57.94
Neutral
60.87
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QYLG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 29.97, equal to the 50-day MA of 29.30, and equal to the 200-day MA of 27.01, indicating a bullish trend. The MACD of 0.25 indicates Positive momentum. The RSI at 57.94 is Neutral, neither overbought nor oversold. The STOCH value of 60.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QYLG.
QYLG Peer Comparison
Comparison Results
Performance Comparison
QYLG
Global X Nasdaq 100 Covered Call & Growth ETF
30.20
3.90
14.83%
SEIM
SEI Enhanced U.S. Large Cap Momentum Factor ETF
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VOTE
Engine No. 1 Transform 500 ETF
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ONEY
SPDR Russell 1000 Yield Focus ETF
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AVLC
Avantis U.S. Large Cap Equity ETF
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DSPY
Tema S&P 500 Historical Weight ETF Strategy
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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