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ETFs

Global X S&P 500 ESG Covered Call ETF

XYLE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 21 2023
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$21,220
AUM
$2,454,000
Associated Index
Cboe S&P 500 ESG BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with XYLE

What is XYLE?

The Global X S&P 500 ESG Covered Call ETF (XYLE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 ESG BuyWrite Index. XYLE writes call options on the S&P 500 ESG Index, saving investors the time and potential expense of doing so individually. In writing covered calls on the S&P 500 ESG Index, XYLE purchases S&P 500 stocks that are screened for Environmental, Social and Governance (ESG) criteria by S&P Dow Jones Indices.

ETFs related toXYLE

ETFs correlated to XYLE include XYLD, FMAR, JGRO

XYLE
Global X Funds - Global X S&P 500 ESG Covered Call ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
FMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - March
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
SSUS
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector ETF
FAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - August
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
FAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - April

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 toXYLE

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with XYLE using Composer

FAQ

XYLE is a US Equities ETF. The Global X S&P 500 ESG Covered Call ETF (XYLE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 ESG BuyWrite Index. XYLE writes call options on the S&P 500 ESG Index, saving investors the time and potential expense of doing so individually. In writing covered calls on the S&P 500 ESG Index, XYLE purchases S&P 500 stocks that are screened for Environmental, Social and Governance (ESG) criteria by S&P Dow Jones Indices.

XYLE tracks the Cboe S&P 500 ESG BuyWrite Index.

No, XYLE 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, XYLE 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 XYLE is 0.0024%. This is the percent change in the value of XYLE over the most recent 1-month period. The 3-month return on XYLE is %. This is the percent change in the value of XYLE over the most recent 3-month period.

ETFs similar to XYLE include SPHQ, QUAL, and SUSA.

ETFs correlated to XYLE include XYLD, FMAR, and JGRO.

ETFs that are inversely correlated to XYLE include SPDN, SH, and TECS.

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.