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QYLD

Global X Funds - Global X NASDAQ 100 Covered Call ETF NasdaqGM:QYLD Stock Report

Last Price

US$18.05

Market Cap

US$5.9b

7D

-10.7%

1Y

-15.5%

Updated

11 May, 2022

Data

Company Financials
QYLD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

QYLD Stock Overview

Global X Funds - Global X NASDAQ 100 Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC.

Global X Funds - Global X NASDAQ 100 Covered Call ETF Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Global X Funds - Global X NASDAQ 100 Covered Call ETF
Historical stock prices
Current Share PriceUS$18.05
52 Week HighUS$23.15
52 Week LowUS$18.00
Beta0
1 Month Change-12.72%
3 Month Change-13.31%
1 Year Change-15.54%
3 Year Change-20.13%
5 Year Change-23.58%
Change since IPO-27.92%

Recent News & Updates

Apr 21

QYLD Vs RYLD: Which Is The Better Buy?

The Global X Nasdaq 100 Covered Call ETF and the Global X Russell 2000 ETF are passive ETFs that share many characteristics, most obviously, their very high distributions. The covered call strategy they follow may not be what investors expect. We explain it  and show how market scenarios affect the gains and losses distributed as "dividends." The ETFs' differences stem from the indexes they write calls against. They have performed very differently in different kinds of market downturns. The Global X Nasdaq 100 Covered Call ETF is probably the better choice of these two ETFs for long-term investors. But income investors will have better returns by investing in income ETFs that don't limit upside the way these ETFs do and hence preserve capital.

Mar 29

QYLD: Don't Cap Your Upside With This ETF

The Global X NASDAQ 100 Covered Call ETF seeks to generate income by selling covered calls on NASDAQ stocks. The ETF has recently been paying a distribution of around 12%. Although selling covered calls can provide investors with income-like returns, this strategy also caps the upside that investors can make. A covered call strategy only provides a small buffer against bear markets and retains most of the risks of simply holding a long portfolio of the same stocks. Ultimately, I think most investors would be better served using individual stocks or another Nasdaq ETF like QQQM to write covered calls themselves.

Mar 07

Is QYLD A Good Choice For Dividend Portfolios? What To Make Of Its 14% Yield

Global X Funds - Global X NASDAQ 100 Covered Call ETF is a tech investment that seeks to generate income primarily. The ETF offers a huge distribution yield deep in the double-digits and makes monthly payments. Despite a huge tech bull market since the ETF's inception, QYLD was not able to keep its NAV intact or to grow it. NAV declines could continue in the future.

Feb 25

Skip QYLD And Sell Covered Calls On QQQ Yourself

QYLD implements a buy-write strategy on QQQ. The path dependence of QYLD makes the performance unpredictable. Selling covered calls against QQQ is a better alternative. I analyze outcomes from a QQQ covered call position I wrote about a year ago.

Jan 24

QYLD: Year In Review, Generating Large Yield But Not ROI From Global X Covered Call ETFs

2021 has come to an end and I compare QYLD against the other Global X covered call funds RYLD and XYLD. I compare these funds in two methodologies - if an investor had reinvested each of the monthly distributions or taken the distributions as income. QYLD has the largest amount of net assets but it didn't win in either category and the details may surprise you.

Dec 23

QYLD: Volatility Spike And Widening Yield Spread Are Good News

This is an update to my previous coverage on the Global X NASDAQ 100 Covered Call ETF published on Sept 11, 2021. The main updates are twofold: to discuss the implications of the recent volatility spike and QYLD’s widening spread yield against BAA bonds. The recent volatility spike reached a level to the top 95% percentile of its historical spectrum, and this can be good news for income generation by option selling. At the same time, the yield spread further widened since my last coverage and made the income aspect of QYLD even more attractive.

Shareholder Returns

QYLDUS Capital MarketsUS Market
7D-10.7%-10.3%-10.1%
1Y-15.5%-14.6%-10.8%

Return vs Industry: QYLD matched the US Capital Markets industry which returned -15.1% over the past year.

Return vs Market: QYLD underperformed the US Market which returned -11.2% over the past year.

Price Volatility

Is QYLD's price volatile compared to industry and market?
QYLD volatility
QYLD Average Weekly Movement3.8%
Capital Markets Industry Average Movement0.4%
Market Average Movement7.7%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market2.8%

Stable Share Price: QYLD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: QYLD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013n/an/ahttps://www.globalxetfs.com/funds/qyld/

Global X Funds - Global X NASDAQ 100 Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in public equity markets of global region. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors.

Global X Funds - Global X NASDAQ 100 Covered Call ETF Fundamentals Summary

How do Global X Funds - Global X NASDAQ 100 Covered Call ETF's earnings and revenue compare to its market cap?
QYLD fundamental statistics
Market CapUS$5.90b
Earnings (TTM)US$0
Revenue (TTM)n/a

n/a

P/E Ratio

n/a

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QYLD income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$0
EarningsUS$0

Last Reported Earnings

n/a

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did QYLD perform over the long term?

See historical performance and comparison

Valuation

Is Global X Funds - Global X NASDAQ 100 Covered Call ETF undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry

In this section, we usually try to help investors determine whether Global X Funds - Global X NASDAQ 100 Covered Call ETF is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Global X Funds - Global X NASDAQ 100 Covered Call ETF has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is Global X Funds - Global X NASDAQ 100 Covered Call ETF forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.1%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Global X Funds - Global X NASDAQ 100 Covered Call ETF has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Global X Funds - Global X NASDAQ 100 Covered Call ETF performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


23.2%

Historical Diversified Financials annual earnings growth

In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Global X Funds - Global X NASDAQ 100 Covered Call ETF has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is Global X Funds - Global X NASDAQ 100 Covered Call ETF's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

In this section we usually analyse Global X Funds - Global X NASDAQ 100 Covered Call ETF's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Global X Funds - Global X NASDAQ 100 Covered Call ETF has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is Global X Funds - Global X NASDAQ 100 Covered Call ETF current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate QYLD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate QYLD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if QYLD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QYLD's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as QYLD has not reported any payouts.

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Global X Funds - Global X NASDAQ 100 Covered Call ETF has no CEO, or we have no data on them.


Leadership Team

Experienced Management: QYLD's management team is considered experienced (2.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 169.4%.


Top Shareholders

Company Information

Global X Funds - Global X NASDAQ 100 Covered Call ETF's employee growth, exchange listings and data sources


Key Information

  • Name: Global X Funds - Global X NASDAQ 100 Covered Call ETF
  • Ticker: QYLD
  • Exchange: NasdaqGM
  • Founded: 2013
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$5.896b
  • Shares outstanding: 326.64m
  • Website: https://www.globalxetfs.com/funds/qyld/

Location

  • Global X Funds - Global X NASDAQ 100 Covered Call ETF
  • 605 Third Avenue
  • 43rd Floor
  • New York
  • New York
  • 10158
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/11 00:00
End of Day Share Price2022/05/11 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.