XYLGGlobal X S&P 500 Covered Call & Growth ETF
Seeks to correspond to the price and yield performance of the Cboe S&P 500 Half BuyWrite Index.
By Global X Funds · Launched 2020
0.35%
#1,706 of 5,562 · low cost
$67M
#3,297 of 5,562 · mid-size
1.74%
5 years
#2,190 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 S&P 500 Half BuyWrite Index
What it actually holds
By weightConcentration
Top 10 holdings = 40.9% 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
- NYSE Arca
Full fund details
- Objective
- Seeks to correspond to the price and yield performance of the Cboe S&P 500 Half BuyWrite Index.
- Strategy
- Invests primarily in securities of the Cboe S&P 500 Half BuyWrite Index, which combines equity exposure with covered call options. The strategy aims to enhance income while providing growth potential.
- Inception date
- September 18, 2020
- 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
What's next?
You've reviewed XYLG. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19