QYLD: The Fund's More Rigid Approach Isn't Working In The Current Market Environment

  • I am downgrading Global X NASDAQ 100 Covered Call ETF to a sell due to its rigid, outdated covered-call strategy and consistent underperformance versus peers. QYLD's strategy of selling at-the-money calls on 100% of its portfolio each month limits upside and fails to adapt to market volatility. Newer covered-call ETFs like GPIQ and QQQI use more flexible, discretionary strategies, delivering superior total returns and income with similar risk.