TYLG vs XLEI

TYLGBGlobal X Information Technology Covered Call & Growth ETF

XLEIBState Street Energy Select Sector SPDR Premium Income ETF

In short

TYLG Most covered call funds sell off the whole upside. TYLG writes calls on about half its tech book, leaving the rest uncapped, and pays monthly. 0.60% net of a waiver through March 1, 2027.

XLEI State Street's 1998-vintage energy sector fund, wrapped in a call-writing overlay. Same oil and gas majors, monthly income from selling options against them, minus some of the upside when crude runs.

Stated mandate

TYLG The fund seeks to track, before fees and expenses, the price and yield performance of the Cboe S&P Technology Select Sector Half BuyWrite Index.

XLEI The fund seeks current income while preserving prospects for long-term capital growth by investing in an energy-sector ETF and selling call options on it to generate additional premium income.

Why people hold it

• TYLG Half-covered by design: calls written on roughly 50% of notional value, so premium comes off one half while the other half of the tech position stays uncapped.globalxetfs.com
• The payout formula is written down: each month it distributes the lesser of half the premium received or 1% of NAV, reinvesting the remainder back into the fund.globalxetfs.com
• Underneath sits the Technology Select Sector basket, roughly 80 US tech names, with the calls written on that same exposure. No stock picking, no sector drift.globalxetfs.com
• Holdings and overlay line up with the stated half-buywrite mandate, and it stands in the upper half of its sector-overlay peer group.

• XLEI Underlying is the original energy sector SPDR, trading since 1998: market-cap-weighted S&P 500 oil, gas and services names. No stock picking, just an overlay on a known quantity.stockanalysis.com
• Pays monthly, and the mandate is written to seek income while preserving prospects for long-term growth rather than sell away all the upside.ssga.com
• Calls are written on the sector ETF itself, not dozens of single stocks, so the overlay runs off one liquid options chain.ssga.com
• The 0.35% fee sits right at the median for sector covered-call funds, and the build stands among the stronger ones in that peer group.

Worth knowing

• TYLG Costs 0.60% net of a waiver through March 1, 2027 (0.64% gross), above the median for its category, where rivals such as XLSI run 0.35% with no waiver.
• A small fund that trades lightly, so bid-ask spreads can run wider than in the larger sector-overlay names.
• Half coverage cuts both ways: less premium collected than a fully covered fund, and the 1%-of-NAV ceiling limits what the monthly distribution can pass through.globalxetfs.com

• XLEI Written calls cap the rally: above the strike, further gains go to the option buyer and the fund keeps the premium instead.ssga.com
• One narrow sector, market-cap weighted, so the integrated majors dominate. Nothing inside cushions a broad crude selloff.stockanalysis.com
• A 2025 launch, so there is no record through a full energy cycle yet, and it trades lightly next to the sector fund it holds.

Full TYLG profile⁠

Full XLEI profile⁠