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ETFs

Global X Financials Covered Call & Growth ETF

FYLG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 21 2022
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$459
AUM
$2,309,473
Associated Index
Cboe S&P Financial Select Sector Half BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

XLF
SSgA Active Trust - Financial Select Sector SPDR
53.92%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
6.50%
JPM
JPMorgan Chase & Co.
4.20%
V
Visa Inc - Ordinary Shares - Class A
3.74%
MA
Mastercard Incorporated - Ordinary Shares - Class A
3.31%
BAC
Bank Of America Corp.
1.89%
WFC
Wells Fargo & Co.
1.49%
SPGI
S&P Global Inc
1.19%
GS
Goldman Sachs Group, Inc.
1.07%
MS
Morgan Stanley
1.05%
Invest with FYLG

What is FYLG?

The Global X Financials Covered Call & Growth ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Financial Select Sector Half BuyWrite Index. The Index measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying securities of the Financial Select Sector Index. The Index writes (or sells) a succession of one-month at-the-money covered call options on the Financial Select Sector SPDR Fund, or such other fund that seeks to track the performance of the Reference Index, as determined by Cboe. The call options correspond to approximately 50% of the value of the securities in the Reference Index, therefore representing a partially covered call strategy.

ETFs related toFYLG

ETFs correlated to FYLG include FAS, XLF, FNCL

FYLG
Global X Funds - Global X Financials Covered Call & Growth ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
RDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Rising Dividend Achievers Target Income 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.

Automated Strategies
Related toFYLG

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Category

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Risk Rating

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Risk Rating

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Create your own algorithmic trading strategy with FYLG using Composer

FAQ

FYLG is a US Equities ETF. The Global X Financials Covered Call & Growth ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Financial Select Sector Half BuyWrite Index. The Index measures the performance of a partially covered call strategy that holds a theoretical portfolio of the underlying securities of the Financial Select Sector Index. The Index writes (or sells) a succession of one-month at-the-money covered call options on the Financial Select Sector SPDR Fund, or such other fund that seeks to track the performance of the Reference Index, as determined by Cboe. The call options correspond to approximately 50% of the value of the securities in the Reference Index, therefore representing a partially covered call strategy.

FYLG tracks the Cboe S&P Financial Select Sector Half BuyWrite Index.

No, FYLG 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, FYLG 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 FYLG is -0.0017%. This is the percent change in the value of FYLG over the most recent 1-month period. The 3-month return on FYLG is 0.0223%. This is the percent change in the value of FYLG over the most recent 3-month period.

ETFs similar to FYLG include PKW, VIXY, and XYLD.

ETFs correlated to FYLG include FAS, XLF, and FNCL.

ETFs that are inversely correlated to FYLG include FAZ, BNKD, and DOG.

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.