Global X NASDAQ 100 Covered Call ETF vs Direxion Daily Semiconductor Bear 3X Shares — how do they compare? Global X NASDAQ 100 Covered Call ETF trades at $17.87, while Direxion Daily Semiconductor Bear 3X Shares trades at $42.77. Which is the better fit depends on your goals.
| QYLD | SOXS | |
|---|---|---|
Sector | Income / Options Overlay | Leveraged / Inverse |
52-Week High | $18.52 | $1.61K |
52-Week Low | $16.46 | $32.50 |
Trailing returns across standard periods
Latest headlines on both assets
QYLD is an ETF that follows a covered call strategy on the NASDAQ 100 Index. The fund holds a long position in the stocks of the NASDAQ 100 and simultaneously writes (sells) call options on the index. The primary goal is to generate monthly income from the option premiums. This strategy can reduce portfolio volatility and provide income, but it limits potential capital appreciation from a significant rise in the NASDAQ 100 Index.
Read more on QYLD →SOXS is a leveraged ETF that seeks daily investment results corresponding to 300% of the inverse (opposite) of the daily performance of the ICE Semiconductor Index. It is designed as a tactical tool for experienced traders to take a bearish (short) position on the semiconductor sector. Due to the effects of compounding and leverage, SOXS is intended to be held for a single day and is not suitable for long-term investment.
Read more on SOXS →