QYLDGlobal X NASDAQ 100 Covered Call ETF
Seeks to provide investment results that closely correspond to the performance of the Cboe NASDAQ-100 BuyWrite V2 Index.
By Global X Funds · Launched 2013
0.60%
#3,108 of 5,562 · average
$8.4B
#306 of 5,562 · large
4.00%
12 years
#1,150 of 5,562 · established
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 NASDAQ-100 BuyWrite V2 Index
What it actually holds
By weightConcentration
Top 10 holdings = 56.5% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks to provide investment results that closely correspond to the performance of the Cboe NASDAQ-100 BuyWrite V2 Index.
- Strategy
- Invests primarily in securities of the Cboe NASDAQ-100 BuyWrite V2 Index using a covered call strategy. The Fund writes call options on the NASDAQ-100 Index while holding the underlying stocks, aiming to generate income from premiums.
- Inception date
- December 11, 2013
- 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 2026-06-19