Market dataIncome framework read
Covered-Call / Enhanced-IncomeNYSEUnited States

XYLD

Global X S&P 500 Covered Call ETF

Multi-Sector (ETF / Fund)Covered-call structureMonthly

Market Snapshot

US$40.23

-US$0.36 (-88.69%)

NYSEArca

Yield

N/A

Rate US$4.24

Next Payment

Next pay N/A

Ex-date N/A

52wk Position

69.79%

-2.12% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

XYLD has an income profile aligned with its covered-call / enhanced-income role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

XYLD does not cover one full share per payment at the default 100-share test. Coverage is 0.85.

3

Main watch item

Editorial framework

Distribution composition can drive tax friction

XYLD sits in the covered-call or enhanced-income bucket. Review how much of the distribution comes from option income, return of capital, dividends, or other sources.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
US$34.00
APR
0.845
Coverage
0.845

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
US$34.00
Cushion
-US$6.23
Cushion %
-15.49%
Current US$40.23Break US$34.00

Smart Recommendation

XYLD is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Research in progress

DRIP availability

Plan-only

Tax character

Mixed

Distribution history

Monthly distributions, shorter history

Structure Overview

This is a covered-call or enhanced-income product that layers an option-premium strategy on top of an equity or bond portfolio to generate higher stated distributions. The option premiums can reduce upside participation when underlying securities appreciate quickly. Distribution stability, tax character, and total return can all differ meaningfully from a plain dividend stock or index ETF.

Canadian Planning Notes

  • 1Covered-call ETF distributions often include a return-of-capital component that is not visible in the headline yield; verify the annual T3 or T5 slip for actual tax character.
  • 2Compare the covered-call product against its plain-equity equivalent on a total-return basis before treating the higher yield as equivalent income.
  • 3These structures are generally not more tax-efficient than eligible dividends in a non-registered account; TFSA or RRSP placement removes the annual tax-character complexity.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

US$40.23

Previous close

US$40.59

Day range

US$40.13 - US$40.41

52wk range

US$38.22 - US$41.10

Market cap

N/A

Volume

551.7K

Avg volume

779.4K

Exchange

NYSEArca

Dividend and distribution

Forward rate

N/A

Trailing rate

US$4.24

Forward yield

N/A

Trailing yield

N/A

Per payment

US$0.34

Cadence

Monthly

Next ex-date

N/A

Next pay

N/A

Last dividend

US$0.34

Last dividend date

Jun 22, 2026

Performance

Daily change

-US$0.36

Daily change %

-88.69%

52wk position

69.79%

Below 52wk high

-2.12%

Above 52wk low

5.26%

Open

US$40.11

Earnings and financials

Trailing EPS

N/A

Forward EPS

N/A

Revenue

N/A

Revenue growth

N/A

Profit margin

N/A

Operating margin

N/A

Payout ratio

N/A

Free cash flow

N/A

Total cash

N/A

ROE

N/A

ROA

N/A

Debt/equity

N/A

Beta

N/A

Valuation

Trailing P/E

26.99

Forward P/E

N/A

Price/sales

N/A

Price/book

N/A

Enterprise value

N/A

EV/EBITDA

N/A

Analyst facts

Target mean

N/A

Target high

N/A

Target low

N/A

Recommendation mean

N/A

Recommendation key

N/A

Analysts

N/A

Canadian Context

Account placement

TFSA

Covered-call distributions often include return of capital, which can require cost-basis tracking in taxable accounts.

RRSP: Also avoids annual return-of-capital tracking.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Plan-only

Wealthsimple

Plan-only

RBC Direct Investing

Plan-only

TD Direct Investing

Plan-only

U.S.-listed holdings can have withholding tax differences by account type. RRSP treatment is often more favorable than TFSA treatment.

Run Your Numbers

Carry this holding into a calculator

Use a planning tool that matches this holding's structure, payout timing, and income use case.

Compare this holdingTest DRIP durability

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.