QYLE
Global X Nasdaq 100 ESG Covered Call ETF
QYLE is passively managed to provide exposure to companies in the Nasdaq 100 Index that have been screened for positive ESG characteristics and is combined with a covered call option strategy. Components of the index are market-cap weighted, adjusting for ESG rating score.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
3.1 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 21, 2023 |
| Assets (mns) | $3 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 11.0 % |
| APPLE INC | 11.0 % |
| MICROSOFT CORP | 10.7 % |
| BROADCOM INC. | 7.1 % |
| TESLA MOTORS INC | 4.0 % |
| AMAZON.COM INC | 3.2 % |
| NETFLIX INC | 3.1 % |
| PALO ALTO NETWORKS INC | 2.2 % |
| ALPHABET INC. CLASS A | 2.1 % |
| CISCO SYSTEMS INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 92 |
| Herfindahl-Hirschman Index | 481 |
| Wgt avg mkt cap (mns) | $1,101,170 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.6% |
Country Exposure
 |
UNITED STATES | 101.8 % |
 |
BRITAIN | 2.5 % |
 |
NETHERLANDS | 1.0 % |
 |
ARGENTINA | 0.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.8% | 20.4% | -- | -- | -- | -- | 20.9% | Volatility | 12.3% | 11.4% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.46 | 56% |
| MSCI EAFE | 0.29 | 29% |
| MSCI Emg Mkts | 0.30 | 27% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.48% |
| ADV of underlying (mns) | $136,148 |
Technical Indicators
| Recent close | $27.94 |
| 30d moving avg. | $27.77 |
| Annualized volatility | 7.4% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 3.3% |
| 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. QYLE |
Expenses vs. QYLE |
ALTAR Score™ vs. QYLE |
|---|---|---|---|---|
| QYLD | Global X NASDAQ 100 Covered Call ETF | 90.9% | 0 bp | -0.2% |
| QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 90.9% | 0 bp | -0.2% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 88.8% | 0 bp | -0.3% |
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 88.4% | +8 bp | -0.3% |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 87.9% | -35 bp | +0.1% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 86.9% | -34 bp | +0.1% |
| JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 63.8% | -25 bp | +0.1% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 51.8% | +15 bp | -0.9% |
| XYLE | Global X S&P 500 ESG Covered Call ETF | 48.4% | 0 bp | +0.4% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 47.6% | 0 bp | +0.1% |
Risk and Returns: QYLE 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 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
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
QYLE
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™
QYLE
4.3%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. QYLE's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places QYLE in the 31st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QYLESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QYLE (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QYLE | 60.0 | 47.9 | 107.9 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .