NASDAQ:QYLD

18.07
0.06 (0.33%) 1d
0
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Experts agree that Global X NASDAQ 100 Covered Call ETF (QYLD-Q) is a high yield option suitable for dividend-oriented investors, providing good exposure to the Nasdaq 100 and technology in a defensive way. It is considered a valuable investment for those seeking reliable returns in the technology sector.

Consensus
Positive
Valuation
Fair Value
HOLD

High yield good for dividend oriented investors. Good exposure to Nasdaq 100. Good for exposure to technology in a defensive way. 

E.T.F.'s
COMMENT

It is OK for income strategies. It has returned 26 1/2% over the past year but owning the actual Nasdaq 100 would have returned 43%. It is better to buy the actual stocks if you don't need the income.

E.T.F.'s
DON'T BUY

Warning flags. US-based product. Never trust yield. Covered calls on this product don't get the favourable capital gains treatment. It might be OK in an RRSP, RRIF, or RESP, but not in a TFSA. You're not hitting the sweet spot of favourable tax treatment.

Doesn't like writing covered calls on stuff that's very volatile, such as NASDAQ, gold, or oils.

E.T.F.'s
BUY ON WEAKNESS

Limits upside potential with covered call protection
Good defensive name.
Lower volatility. 

E.T.F.'s
DON'T BUY
Enhanced dividend yield of 12%. Total return over the last 3 years was 5.68% vs. 59% for the NASDAQ 100. YTD, down 17%, vs. the NASDAQ down 24%, so you can see how the covered call strategy works in a falling market. But long term, stocks tend to move higher, not lower. Paying a higher management fee for covered calls, about 60 bps for this one. You can buy a NASDAQ 100 index much cheaper.
E.T.F.'s
WAIT
As interest rates go up, the Nasdaq underperforms. Would wait for the 200 day average to be tested. The technical support is close to 300. Could be 3 to 15% downside for a correction.
E.T.F.'s
PARTIAL BUY
If you are aggressive, then you do not want this since it gives up upside. However, for a defensive play, you should have this in your portfolio. The enhanced yield will give you a slightly bigger return if there is a sell off. However, it does not protect you from dowside.
E.T.F.'s
COMMENT
11-12% yield. Only problem with the covered call is that when the index (here, the NASDAQ) is doing well, you're better off owning the underlying securities. YTD, QYLD is up 6.3%, whereas the NASDAQ is up 18%. Good strategy if you think the underlying index will be negative or flat.
E.T.F.'s
COMMENT
A covered call version of the NASDAQ 100. If you want a yield from technology, it is a way to do this. Normally, you don't want to give away growth to yield. A consideration to think about.
E.T.F.'s
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Global X NASDAQ 100 Covered Call ETF(QYLD-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Global X NASDAQ 100 Covered Call ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Global X NASDAQ 100 Covered Call ETF(QYLD-Q) Frequently Asked Questions

What is Global X NASDAQ 100 Covered Call ETF stock symbol?

Global X NASDAQ 100 Covered Call ETF is a American stock, trading under the symbol QYLD-Q on the NASDAQ (QYLD). It is usually referred to as NASDAQ:QYLD or QYLD-Q

Is Global X NASDAQ 100 Covered Call ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about QYLD-Q. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Global X NASDAQ 100 Covered Call ETF.

Is Global X NASDAQ 100 Covered Call ETF a good investment or a top pick?

Global X NASDAQ 100 Covered Call ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Global X NASDAQ 100 Covered Call ETF.

Why is Global X NASDAQ 100 Covered Call ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Global X NASDAQ 100 Covered Call ETF worth watching?

1 stock analyst on Stockchase covered Global X NASDAQ 100 Covered Call ETF In the last year. It is a trending stock that is worth watching.

What is Global X NASDAQ 100 Covered Call ETF stock price?

On 2024-11-21, Global X NASDAQ 100 Covered Call ETF (QYLD-Q) stock closed at a price of $18.07.