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XYLGGlobal X S&P 500 Covered Call & Growth ETF

Get income5y track recordRanked #697 of 1,650 in this goal

Seeks to provide investment results that correspond generally to the price and yield performance of the Cboe S&P 500 Half BuyWrite Index.

By Global X Funds · Launched 2020

Annual Cost

0.35%

#1,644 of 5,854 · low cost

Fund Size

$66M

#3,370 of 5,854 · mid-size

Dividend YieldGoal

3.73%

Track Record

5 years

#2,140 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,889+18.9%

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 Half BuyWrite Index

What it actually holds

By weight

Concentration

Top 10 holdings = 38.7% of fund✓ well diversified

NVIDIA CORPORATION
7.9%
APPLE INC.
6.5%
MICROSOFT CORPORATION
4.9%
AMAZON.COM, INC.
4.2%
ALPHABET INC.
3.7%
BROADCOM INC.
3.2%
ALPHABET INC.
2.9%
META PLATFORMS, INC.
2.2%
TESLA, INC.
1.7%
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)
10.2%Moderate

Year-on-year price swings

Max drawdown
-21.3%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.91Decent risk-adjusted returns
Sortino (3Y)
1.32Good 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 S&P 500 Half BuyWrite Index.
Strategy
Invests primarily in securities of the Cboe S&P 500 Half BuyWrite Index, employing a covered call strategy on the Reference Index to generate income while allowing for some upside exposure. Concentrates investments in the U.S. stock market, particularly in the information technology sector.
Inception date
September 18, 2020
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 2026-08-03