QYLD

Global X Nasdaq 100 Covered Call ETF

QQQIssuer: Global XInception: December 11, 2013

5.3

Overall Score

Strategy & Profile

Replicates the CBOE Nasdaq-100 BuyWrite Index — holds all Nasdaq-100 stocks and systematically sells ATM calls on QQQ each month. Fully passive and mechanical. Distributions partially return of capital.

TTM Yield: ~11.5%

Strengths

  • ✓Very high yield
  • ✓Long track record (since 2013)
  • ✓Simple and transparent strategy

Weaknesses

  • ✗Captures only 51% of QQQ upside
  • ✗ATM strategy caps almost all growth
  • ✗Structural NAV decline since 2013

Investor Profile

Retired investor seeking maximum cash flow, accepting capital erosion

Verdict

The yield is real but capital erodes — use with full understanding of the trade-off

🔒

Unlock Full Analysis — Pro subscribers see:

  • • Score breakdown across 6 criteria
  • • Performance across 4 time windows (inception/3Y/1Y/3M)
  • • Detailed downside protection and upside participation data
Upgrade to Pro — $34/month

Key Metrics

Expense Ratio

0.600%

Inception Date

December 11, 2013

Benchmark

QQQ

Category

Covered Call - Nasdaq

Distribution Frequency

Monthly

Maturity Rating

5/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.