DYLGGlobal X Dow 30 Covered Call & Growth ETF
Seeks to track the price and yield performance of the Cboe DJIA Half BuyWrite Index.
By Global X Funds · Launched 2023
0.35%
#1,706 of 5,562 · low cost
$6M
#4,974 of 5,562 · small
4.13%
2 years
#3,091 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Cboe DJIA Half BuyWrite Index
What it actually holds
By weightConcentration
Top 10 holdings = 56.2% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to track the price and yield performance of the Cboe DJIA Half BuyWrite Index.
- Strategy
- Invests primarily in the securities of the Cboe DJIA Half BuyWrite Index, employing a partially covered call strategy. The Fund writes call options on approximately 50% of the value of its portfolio, generating income while allowing for some upside potential from the underlying stocks.
- Inception date
- July 25, 2023
- Fund family
- Global X Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
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 2026-06-20