TYLG vs XLSI

TYLGBGlobal X Information Technology Covered Call & Growth ETF

XLSIAState Street Consumer Staples 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.

XLSI Covered calls on the market's quietest aisle. XLSI owns the classic consumer staples sector fund and sells calls on it, turning soup, soap and razors into monthly income while giving up gains above the strike.

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.

XLSI The fund uses an actively managed strategy intended to provide current income while preserving prospects for long-term capital growth. It invests in the Consumer Staples Select Sector SPDR ETF and sells call options on that ETF to generate additional 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.

• XLSI Simple plumbing: it holds shares of the staples Select Sector fund (XLP) and writes calls on that same ETF, so the equity sleeve is the plain sector basket, not a synthetic stand-in.ssga.com
• 0.35% sits right at the median for its option-income sector cohort, the same sticker as siblings XLVI, XLUI and XLEI.
• Pays monthly, and the call overlay is actively managed: a manager sets the strikes rather than following a fixed published formula.ssga.com
• Sticks tightly to the mandate on the tin, and ranks among the stronger builds in its sector-overlay 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

• XLSI The calls cap the top end: gains above the strike on the underlying staples fund are traded away for premium.ssga.com
• Option premiums rise and fall with volatility, so the monthly payout moves around. Income, not a coupon.
• Launched in 2025 and small next to the giant option-income names, so the record is short and trading is light. Spreads can widen.

Full TYLG profile⁠

Full XLSI profile⁠