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Global X Dow 30 Covered Call & Growth ETF

DYLG
$
Today’s Change
()

Snapshot
*

Inception Date
Jul 25, 2023
Expense Ratio
0.6%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$5,954
AUM
$2,492,573
Associated Index
Cboe DJIA Half BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

UNH
Unitedhealth Group Inc
9.83%
GS
Goldman Sachs Group, Inc.
6.37%
MSFT
Microsoft Corporation
6.16%
HD
Home Depot, Inc.
5.94%
CAT
Caterpillar Inc.
5.3%
MCD
McDonald`s Corp
5.29%
AMGN
AMGEN Inc.
5.2%
V
Visa Inc - Ordinary Shares - Class A
4.57%
CRM
Salesforce Inc
4.01%
BA
Boeing Co.
3.84%

What is DYLG?

The Global X Dow 30 Covered Call & Growth ETF follows a "covered call" or "buy-write" strategy in which the Fund buys the stocks in the Dow Jones Industrial Average (also known as the Dow 30 Index) and "writes" or "sells" corresponding call options on the same index. The Cboe DJIA Half BuyWrite Index (BXDEH) measures the total rate of return of a hypothetical "half-covered call" strategy applied to the Dow Jones Industrial Average index ("DJX Index"), using a long position in the DJX Index and a short position in a call option on the DJX Index expiring monthly. The Cboe DJIA Half BuyWrite Index is half-covered, meaning that the amount of written at-the-money call options has a notional value of half the notional value of the long DJIA Index position.

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ETFs related toDYLG

ETFs correlated to DYLG include DDM, DIA, UDOW

DYLG
Global X Funds - Global X Dow 30 Covered Call & Growth ETF
DDM
ProShares Trust - ProShares Ultra Dow30 2x Shares
DIA
SSgA Active Trust - SPDR Dow Jones Industrial Average ETF
UDOW
ProShares Trust - ProShares UltraPro Dow30 3x Shares
EDOW
First Trust Exchange-Traded Fund III - First Trust Dow 30 Equal Weight ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
IVE
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Value ETF
IUSV
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Value ETF
SPYV
SPDR Series Trust - SPDR Portfolio S&P 500 Value ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DYLG is a US Equities ETF. The Global X Dow 30 Covered Call & Growth ETF follows a "covered call" or "buy-write" strategy in which the Fund buys the stocks in the Dow Jones Industrial Average (also known as the Dow 30 Index) and "writes" or "sells" corresponding call options on the same index. The Cboe DJIA Half BuyWrite Index (BXDEH) measures the total rate of return of a hypothetical "half-covered call" strategy applied to the Dow Jones Industrial Average index ("DJX Index"), using a long position in the DJX Index and a short position in a call option on the DJX Index expiring monthly. The Cboe DJIA Half BuyWrite Index is half-covered, meaning that the amount of written at-the-money call options has a notional value of half the notional value of the long DJIA Index position.

DYLG tracks the Cboe DJIA Half BuyWrite Index.

No, DYLG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DYLG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DYLG is -0.0012%. This is the percent change in the value of DYLG over the most recent 1-month period. The 3-month return on DYLG is %. This is the percent change in the value of DYLG over the most recent 3-month period.

ETFs similar to DYLG include PKW, XYLD, and PTLC.

ETFs correlated to DYLG include DDM, DIA, and UDOW.

ETFs that are inversely correlated to DYLG include SDOW, DOG, and DXD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.

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