QYLD High Risk
Global X NASDAQ 100 Covered Call
Sells covered calls on QQQ. One of the original high-yield covered call ETFs.
Current Distribution Rate
11.8%
Monthly Payouts
The "Yield Trap" Analysis
Stock Price (QQQ)
+28.1% (1 Yr)
Fund NAV (QYLD)
-6.2% (1 Yr)
Visual representation: Principal erosion due to capped upside.
Verdict: QYLD gives up virtually all upside for income. In a tech bull market, you are far better holding QQQ. Best suited for flat or slightly bearish environments.
Vital Stats
Expense Ratio
0.60%
Very High
Implied Volatility
18.4%
Premium Driver
Distribution Frequency
Monthly
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