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XYLDGlobal X S&P 500 Covered Call ETF

Get income13y track recordRanked #359 of 1,650 in this goal

Seeks investment results that generally correspond to the performance of the Cboe S&P 500 BuyWrite Index.

By Global X Funds · Launched 2013

Annual Cost

0.60%

#3,235 of 5,861 · average

Fund Size

$3.2B

#573 of 5,861 · large

Dividend YieldGoal

9.29%

Track Record

13 years

#1,068 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,735+17.3%

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 S&P 500 BuyWrite Index

What it actually holds

By weight

Concentration

Top 10 holdings = 39.1% of fund✓ well diversified

NVIDIA CORPORATION
8.0%
APPLE INC.
6.6%
MICROSOFT CORPORATION
5.0%
AMAZON.COM, INC.
4.3%
ALPHABET INC.
3.7%
BROADCOM INC.
3.3%
ALPHABET INC.
2.9%
META PLATFORMS, INC.
2.2%
TESLA, INC.
1.8%
BERKSHIRE HATHAWAY INC.
1.4%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.1%Low

Year-on-year price swings

Max drawdown
-33.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.77Decent risk-adjusted returns
Sortino (3Y)
1.12Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks investment results that generally correspond to the performance of the Cboe S&P 500 BuyWrite Index.
Strategy
Invests at least 80% in equity securities of the S&P 500 Index and employs a covered call strategy by writing call options on the S&P 500 Index. The Fund does not seek to outperform the Underlying Index and has significant exposure to the information technology sector.
Inception date
June 21, 2013
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