31-Jan-2025
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The Global X S&P 500 Covered Call ETF (XYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE S&P500 BuyWrite Index (BXM). The Global X S&P 500 Covered Call ETF (XYLD) follows a covered call or buy-write strategy, in which the Fund buys the stocks in the S&P 500 Index and writes or sells corresponding call options on the same index. XYLD uses this strategy with the aim of enhancing the portfolio s risk-adjusted returns, reducing volatility, and generating monthly income from the premiums received by writing call options.
Global X Funds Global X S&P 500 Covered Call ETF trades on the ARCA stock market under the symbol XYLD.
As of January 31, 2025, XYLD stock price declined to $42.36 with 553,686 million shares trading.
XYLD has a beta of 0.49, meaning it tends to be less sensitive to market movements. XYLD has a correlation of 0.72 to the broad based SPY ETF.
XYLD has a market cap of $3.19 billion. This is considered a Mid Cap stock.
In the last 3 years, XYLD traded as high as $49.92 and as low as $37.28.
XYLD has underperformed the market in the last year with a return of +18.6%, while SPY returned +26.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in XYLD shares. However, XYLD has outperformed the market in the last 3 month and 2 week periods, returning +8.4% and +1.5%, while SPY returned +6.2% and +0.7%, respectively. This indicates XYLD has been having a stronger performance recently.
XYLD support price is $42.23 and resistance is $42.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XYLD shares will trade within this expected range on the day.