QYLD vs QYLG

QYLDAGlobal X - Nasdaq 100 Covered Call ETF

QYLGAGlobal X Nasdaq 100 Covered Call & Growth ETF

In short

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

QYLG Covered 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.

Stated mandate

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

QYLG 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

• QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
• Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
• A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

• QYLG 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

• QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
• Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
• Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

• QYLG 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.

Full QYLD profile⁠

Full QYLG profile⁠