7 Best Covered Call ETFs for Income in 2024 (QYLD, JEPI, + More)
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- เผยแพร่เมื่อ 26 ก.ค. 2024
- Covered calls are options sold on owned investments to generate current income. Here we'll review the best covered call ETFs for 2024.
// TIMESTAMPS:
00:00 - Intro
00:06 - What Are Covered Call ETFs?
00:21 - QYLD
01:05 - XYLD
01:41 - RYLD
02:23 - DIVO
03:19 - JEPI
04:08 - KNG
04:50 - PBP
05:44 - Performance Comparison
07:23 - Conclusion and Outro
// SUMMARY:
Covered call ETFs own stocks, typically from some underlying index, and sell call options on them to generate income.
The call option written is considered “covered” because the underlying security is already owned.
Here are the 7 best covered call ETFs that are the most popular, in no particular order:
QYLD - Global X NASDAQ 100 Covered Call ETF
XYLD - Global X S&P 500 Covered Call ETF
RYLD - Global X Russell 2000 Covered Call ETF
DIVO - Amplify CWP Enhanced Dividend Income ETF
JEPI - JPMorgan Equity Premium Income ETF
KNG - First Trust Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF
PBP - Invesco S&P 500 BuyWrite ETF
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#incomeinvesting #coveredcall #coveredcalls
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Do you own any of these covered call ETFs?
I'd be interested in hearing your opinion on the Pacer ETFs, specifically CALF and their other offerings which emphasize on factor investing. Great video!
Will check them out. Thanks!
Hello question for you on ETFs: So FSPGX, is that basically the Fidelity version of VUG? Also, would FDVV be the fidelity version of VYM as well?
Not sure. You're welcome to research them on your own.
@@OptimizedPortfolio okay, awesome.
no JEPQ, SPYI, SVOL??
JEPQ similar to JEPI and I think wasn't popular or maybe wasn't even out yet when I first made this list. Same for SPYI. SPYI and SVOL are more complex than just "covered call ETF."
I really 'want' these covered call etfs to outperform the market so i can get onboard, but i just dont see how that can be true over the long term. It's also a giant red flag that they mostly seem to be hyped by snake oil salesm... I mean fin-twit influencers...
Indeed
*promosm*
Totally
Jepi is a good strategy to use to paydown the mortgage. A fix rate mortgage is amortized. Considering a lower rate you hedge vs inflation. Then use the asset Jepi to pay down the debt. Its called an infinite return. Now one has more investing power👌 💯 👍
Remember though, this only makes sense if your total after-tax return is greater than your mortgage interest rate. That is certainly not guaranteed, especially for those stuck with higher rates.
@OptimizedPortfolio correct if one is in the negative territory, then pivot to another asset this goes for tenants also. Sometimes, they ruin your property or don't pay the bills. High income earners should just pay off the mortgage if they have high tax %.