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XYLD
Global X S&P 500 Covered Call ETF
Global X Management Company LLC
Verdict
Weighted score · Pro 🔒
Fund Identity
What it is, who runs it, where it lives.
The Global X S&P 500® Covered Call ETF (the "Fund") seeks investment results that, before fees and expenses, generally correspond to the performance of the Cboe S&P 500 BuyWrite Index (the "Underlying Index")..
The Fund invests at least 80% of its total assets in the securities of the Cboe S&P 500 BuyWrite Index or investments with similar economic characteristics. The Underlying Index consists of long positions in all S&P 500 equity securities in substantially similar weights, plus short (written) at-the-money call options on up to 100% of the S&P 500 Index. Call options are written systematically on the monthly option writing date, with premiums providing income in addition to equity dividends. The Fund uses a representative sampling strategy to track the Underlying Index with an expected correlation exceeding 95%.
Ticker
XYLD
Issuer
Global X Management Company LLC
Exchange
ARCX
Inception
2013-06-24 · 13.1 yrs
Mgmt style
Passive
Replication
Physical (sampled/optimized) with Derivatives (options overlay)
Index-based
true · Cboe S&P 500 BuyWrite Index
Leverage
None
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Hybrid
indexed
OPTIONS OVERLAY
Strategy
Covered Calls (CC) — short at-the-money call options written on up to 100% of the S&P 500 Index
generates income
Underlying
S&P 500 Index (SPX)
income exposure
MONTHLY
10.4%
DIST. RATE
98% ROC
Ordinary Income
Ordinary Income
Underlying
S&P 500 Index (SPX)
Strategy
Covered Calls (CC) — short at-the-money call options written on up to 100% of the S&P 500 Index
Tax
Ordinary Income
The Fund writes a single at-the-money call option on the S&P 500 Index covering up to 100% of the portfolio on a monthly basis. Premiums received provide income that partially offsets downside risk but cap upside participation when the equity market rallies rapidly. Options are cash-settled and traded on national options exchanges.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · AUG '25 – AUG '26
AUG '25AUG '26
Flat-NAV reinvestment hurdle
22.2%
Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
98%
ROC
Return of Capital — mixed98%
Net Investment Income2%
Frequency
Monthly
Dist. rate
10.42%
ROC %
98%
30-day SEC
not reported
Consistency
2 w/o cut
YOC · 1yr-ago buyer
11.1%
Tax Treatment — Ordinary Income
ORDINARY INCOME
Distribution Composition (Recent)
ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.
Composition · Narrative
The July 2026 distribution of $0.4088 per share is composed almost entirely of Return of Capital (97.97%, or $0.4005), with only 2.03% ($0.0083) coming from Net Investment Income. On a fiscal year-to-date basis, 94.70% of cumulative distributions have been classified as Return of Capital, indicating the fund continues to distribute well in excess of its earned income.
Distribution & Return of Capital
Per-month payout split and the running return-of-capital share · last 2 months.
DIST ($/sh)ROC %
Return of capital ($/sh)
Net investment income ($/sh)
Monthly ROC %
Calendar-year ROC (YTD est.)
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
Latest Distribution Schedule
Record date
2026-07-20
Ex-dividend
2026-07-20
Pay date
—
Payback Period
9.6 yr
Dist. Since Incep.
$34.7
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs S&P 500
No sector feed for this fund.
Holdings
507
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
$41.6$39.2$36.8$34.5
AUG '25AUG '26
Price $41.58
50-DMA $40.49
200-DMA $38.75
Bullish — 50-DMA above 200-DMA
Price $41.58 is above the 200-day SMA ($38.75); 50-day SMA $40.49. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.
Liquidity
Avg daily volume
795K
Avg dollar volume
$33,360,516
Bid/ask spread
0.02%
Premium/discount
+0.02%
Turnover
4%
Estimated bid/ask spread ~0.13% (tight). Average daily dollar volume ~$33.4M (liquid). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Stable. Source: shares×price (Massive, monthly).
AUM ($)
$3.28B
$3.28B$1.70B$133M
JAN '21AUG '26
SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.
XYLD · 2026-08-10
Prepared by Streamfolio
Research aid, not investment advice.
Prepared by Streamfolio
Research aid, not investment advice.