Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Global X Nasdaq 100 Covered Call & Growth ETF
$30.61−0.03 (−0.10%)
- 0.35%
- $184M
- +26.0%
- 16.61%
- 0M sh
- $30.73
- low $25.01high $30.98
The ETF.net QYLG Grade
A
Score 80 out of 100
- 4 of 31
Score 80 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A87 out of 100Rank 3 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A70 out of 100Rank 6 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 16 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A86 out of 100Rank 2 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 9 of 31
Our read on QYLG
ACovered calls, but only on half the book. QYLG owns the Nasdaq-100 and sells at-the-money calls on roughly 50% of the portfolio, trading away half the index's upside for monthly option income instead of all of it.
QYLG combines exposure to Nasdaq-100 stocks with a covered-call program on approximately half of the portfolio. The strategy is intended to provide income while retaining some upside participation.
Why people hold it
- Calls cover about half the portfolio, so the unwritten half keeps full participation in Nasdaq-100 moves instead of getting capped every month.globalxetfs.com
- A 0.35% expense ratio undercuts most Nasdaq-100 option-income funds, including Global X's own full-overwrite sibling QYLD.
- Rules-based, not discretionary: it follows the Cboe Nasdaq-100 Half BuyWrite V2 Index, and its delivery of that stated mandate sits in the top quartile of its peer group.globalxetfs.com
- Distributions run monthly, a cadence the fund has kept since its 2020 launch.globalxetfs.com
Worth knowing
- Half the overwrite, roughly half the premium: by design this generates less income than a full covered-call fund like QYLD writing on the whole portfolio.globalxetfs.com
- The written half uses at-the-money calls, so that slice's gains stop at the strike in a hot month. Premium collected rises and falls with volatility.globalxetfs.com
- Assets and daily volume are modest next to the category's heavyweights, so bid-ask spreads matter more on larger orders.
QYLG Holdings
- Stocks
- 103
- 48%
- NVDA
Sectors
- Technology60.4%
- Communication12.6%
- Consumer Discretionary10.1%
- Consumer Staples5.5%
- Industrials5.1%
- Health Care3.8%
- Utilities1.0%
- Materials0.9%
- Energy0.5%
- Financials0.2%
Geography
- United States95.48%
- United Kingdom1.61%
- Netherlands1.31%
- Canada0.99%
- Uruguay0.39%
- Ireland0.22%
QYLG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
QYLG$12,596
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QYLG |
|---|---|
| Year to date | +19.0% |
| 1 month | +3.6% |
| 3 months | +3.6% |
| 1 year | +26.0% |
| 3 years | +21.7% |
| 5 years | +13.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QYLG |
|---|---|---|
| 2026 YTD | +19.0% | |
| 2025 | +15.3% | |
| 2024 | +22.2% | |
| 2023 | +38.7% | |
| 2022 | −26.3% | |
| 2021 | +18.3% | |
| 2020 | +15.5% |
QYLG in the news
QYLG Dividends
- 16.61%
- $5.09
- $0.14 per share
- Monthly
Distribution history
QYLG Risk
- 11.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.41
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −30.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QYLG Cost
0.35%
QYLG0.35%
- The middle half of Nasdaq-100 Option Income funds
- Median 0.71%
1 of the 30 Nasdaq-100 Option Income funds charge less.
Other funds in Nasdaq-100 Option Income
- AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFExpense ratio 0.35%1 year return +25.5%
- AQYLDGlobal X - Nasdaq 100 Covered Call ETFExpense ratio 0.60%1 year return +24.8%
- AJEPQJPMorgan Nasdaq Equity Premium Income ETFExpense ratio 0.35%1 year return +21.5%
- ABALQiShares Nasdaq Premium Income Active ETFExpense ratio 0.35%1 year return —
- AQQQINEOS Nasdaq-100 High Income ETFExpense ratio 0.68%1 year return +20.7%