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Global X Health Care Covered Call & Growth ETF

HYLG
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 21 2022
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$11,313
AUM
$2,385,000
Associated Index
Cboe S&P Health Care Select Sector Half BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

XLV
SSgA Active Trust - Health Care Select Sector SPDR
55.37%
UNH
Unitedhealth Group Inc
4.23%
JNJ
Johnson & Johnson
3.76%
ABBV
Abbvie Inc
2.57%
MRK
Merck & Co Inc
2.50%
LLY
Lilly(Eli) & Co
2.50%
PFE
Pfizer Inc.
2.13%
TMO
Thermo Fisher Scientific Inc.
2.07%
ABT
Abbott Laboratories
1.62%
DHR
Danaher Corp.
1.55%
Invest with HYLG

What is HYLG?

The Global X Health Care Covered Call & Growth ETF (HYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Health Care Select Sector Half BuyWrite Index. The Global X Health Care Covered Call & Growth ETF (HYLG) follows a covered call or buy-write strategy, in which the Fund buys the stocks in the Health Care Select Sector Index and the Health Care Select Sector SPDR Fund, and writes or sells corresponding call options on the Health Care Select Sector SPDR Fund representing approximately 50% of the value of HYLG portfolio.

ETFs related toHYLG

ETFs correlated to HYLG include RXL, XLV, IYH

HYLG
Global X Funds - Global X Health Care Covered Call & Growth ETF
RXL
ProShares Trust - ProShares Ultra Health Care 2X Shares
XLV
SSgA Active Trust - Health Care Select Sector SPDR
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
IHE
BlackRock Institutional Trust Company N.A. - iShares U.S. Pharmaceuticals ETF
RYH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
PPH
VanEck ETF Trust - VanEck Pharmaceutical 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 toHYLG

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with HYLG using Composer

FAQ

HYLG is a US Equities ETF. The Global X Health Care Covered Call & Growth ETF (HYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Health Care Select Sector Half BuyWrite Index. The Global X Health Care Covered Call & Growth ETF (HYLG) follows a covered call or buy-write strategy, in which the Fund buys the stocks in the Health Care Select Sector Index and the Health Care Select Sector SPDR Fund, and writes or sells corresponding call options on the Health Care Select Sector SPDR Fund representing approximately 50% of the value of HYLG portfolio.

HYLG tracks the Cboe S&P Health Care Select Sector Half BuyWrite Index.

No, HYLG 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, HYLG 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 HYLG is -0.0199%. This is the percent change in the value of HYLG over the most recent 1-month period. The 3-month return on HYLG is -0.0379%. This is the percent change in the value of HYLG over the most recent 3-month period.

ETFs similar to HYLG include VIXY, VXX, and QYLD.

ETFs correlated to HYLG include RXL, XLV, and IYH.

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

Disclaimers

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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.