FTQI - QYLG: A Buy-Write ETF Keeping Some Growth Potential
2024-06-09 08:30:21 ET
Summary
- Global X Nasdaq 100 Covered Call & Growth ETF implements a 50% buy-write strategy on the Nasdaq 100.
- Its objective is to generate income while keeping more growth potential than a 100% buy-write ETF like QYLD.
- QYLG has performed quite well compared to its peers over the last 2 years, although it is lagging a bit behind JEPQ.
- Keep in mind that buy-write ETFs are not recommended for investors seeking a steady or growing income stream.
QYLG strategy
Global X Nasdaq 100 Covered Call & Growth ETF ( QYLG ) started investing operations on 09/18/2020 and tracks the Cboe Nasdaq 100 Half BuyWrite V2 Index. QYLG has a 12-month distribution yield of 5.61%, a 30-day SEC yield of 0.52% and an expense ratio of 0.35%. Distributions are paid monthly....
QYLG: A Buy-Write ETF Keeping Some Growth Potential