DYLG vs SIOO

DYLGCGlobal X Dow 30 Covered Call & Growth ETF

SIOOAVistaShares Target 15 S&P 100 Distribution ETF

In short

DYLG The covered call fund with the brakes half off. DYLG tracks an index that writes calls on about half its Dow 30 exposure, leaving the other half uncapped, and pays monthly at 0.35% a year.

SIOO Most equity-income ETFs pay out whatever the options market hands them. SIOO starts from the answer: a 15% annual income target, paid monthly, bolted onto an S&P 100 core using index options that carry 60/40 tax treatment.

Stated mandate

DYLG DYLG seeks to generally match, before fees and expenses, the price and yield performance of the Cboe DJIA Half BuyWrite Index.

SIOO The actively managed ETF seeks income and, secondarily, long-term capital appreciation. It combines equity exposure based on the S&P 100 Index (OEX) with an options portfolio intended to generate income.

Why people hold it

• DYLG Writes calls on roughly half the book, not all of it: part of the Dow's ~30 blue chips keeps uncapped upside while the covered half generates the option premium.globalxetfs.com
• 0.35% a year undercuts the typical fee in its options-income peer group and comes in below Global X's full covered call sibling DJIA at 0.60%.
• Rules-based, not a manager guessing when to sell options: it follows the Cboe DJIA Half BuyWrite Index and has tracked it very tightly.
• Distributions land monthly, on a fixed cadence rather than a quarterly lump.

• SIOO 0.59% expense ratio, below the 0.75% typical for options-income funds. Modest toll for an actively managed overlay.
• The overlay uses S&P 100 (OEX) index options, section 1256 contracts taxed at blended 60/40 rates, and the manager also hunts tax-loss harvesting in the equity sleeve.vistashares.com
• You keep the stocks. The equity sleeve generally mirrors the S&P 100's mega-cap roster, with the income machinery layered on top rather than replacing it.vistashares.com
• The payout target is stated up front: 15% a year, distributed monthly. A published yardstick you can hold the fund to, rather than a mystery yield.vistashares.com

Worth knowing

• DYLG Half the calls, roughly half the premium. Income runs lighter than a Dow fund that writes on the whole portfolio, like DJIA.
• Small and thinly traded. Limit orders and a glance at the spread matter more here than with the category's giants.
• The engine is about 30 large-cap names from the Dow, a narrower slice of the market than a broad index overlay.

• SIOO 15% is a target, not a coupon. Distributions can include return of capital, which sends part of your own principal back and trims net asset value.vistashares.com
• Income comes from an actively managed options book, so the outcome rides on manager decisions and options pricing instead of a fixed dividend stream.
• Launched in December 2025 and still a small, lightly traded fund. Short history and wider bid-ask spreads come with that territory.

Full DYLG profile⁠

Full SIOO profile⁠