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DYLGGlobal X Dow 30 Covered Call & Growth ETF

Get income3y track recordRanked #1,132 of 1,650 in this goal

Seeks to provide investment results that correspond generally to the price and yield performance of the Cboe DJIA Half BuyWrite Index.

By Global X Funds · Launched 2023

Annual Cost

0.35%

#1,651 of 5,861 · low cost

Fund Size

$6M

#5,119 of 5,861 · small

Dividend YieldGoal

3.79%

Track Record

3 years

#3,014 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,898+19.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Cboe DJIA Half BuyWrite Index

What it actually holds

By weight

Concentration

Top 10 holdings = 56.6% of fundmoderately concentrated

THE GOLDMAN SACHS GROUP, INC.
11.5%
CATERPILLAR INC.
11.1%
MICROSOFT CORPORATION
5.1%
UNITEDHEALTH GROUP INCORPORATED
4.6%
AMGEN INC.
4.3%
VISA INC.
4.1%
THE HOME DEPOT, INC.
4.1%
AMERICAN EXPRESS COMPANY
4.0%
THE SHERWIN-WILLIAMS COMPANY
4.0%
JPMORGAN CHASE & CO.
3.9%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.7%Low

Year-on-year price swings

Max drawdown
-14.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.84Decent risk-adjusted returns
Sortino (3Y)
1.23Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide investment results that correspond generally to the price and yield performance of the Cboe DJIA Half BuyWrite Index.
Strategy
Invests at least 80% of its assets in securities of the Cboe DJIA Half BuyWrite Index, employing a partially covered call strategy that generates income while allowing for some upside exposure. The strategy involves writing call options on approximately 50% of the value of the underlying stocks in the Dow Jones Industrial Average, focusing on U.S. financials.
Inception date
July 25, 2023
Fund family
Global X Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04