Do you own HTA? If not, what covered call ETFs do you own? What fund do you want me to look at next? And of course, get on that No-BS Newsletter! www.stocktrades.ca/find-more-canadian-etfs-stocks-and-opinions/
@@marclavergne384 HTAE is built to deliver enhanced income and growth opportunities by applying modest "leverage" to an investment in the Harvest Tech Achievers Growth & Income ETF (HTA:TSX)
This is a good example on why what a fund manger is writing covered calls on matters. You mentioned the BMO big 6 CC fund, I assume earning premiums on those are difficult as they are less volatile and we have a smaller option market in Canada. The shares probably get called away more often, so lose alot of the upaise potential. Just my 2cents !..great video and breakdown!
@@StocktradesLtd my question to you is, what other Canadian ETF are similar to HTA, mainly focusing on tech sector in U.S. without such high management fee?
I have HTAE Harvest Tech Achievers Enhanced Income ETF. It's been great! I continue to add more shares every month. I don't mind CC ETFs as long as the Covered Calls are done at 50-20%.
Thanks for the video ! I personally don't hold any CC ETFs but my sister is in retirement and she got hdiv and hyld , what are your thoughts about those two specially after dropping the fees on those.
Thanks for the video, has been on my watchlist but never owned it. The performance is surprising considering the strategy gives up the upside for premium. I own some HHL and ZWU.
I'd still be wary of this ETF. There are very good reasons to expect a CC ETF to underperform its underlying holdings, so if something bucks that trend then you have to wonder how much is situational, luck, or if someone has actually found a way to break the paradigm...which I have not seen yet. In this case I'd wonder if the multiple big drops in the NASDAQ gave this fund an edge over a shorter time period, and in the longer run when you'd not expect such a high rate of drops. Or maybe I'm wrong. Maybe the volatility of the NASDAQ means that you'll get a lot of periods where a CC ETF would outperform the underlying holdings, with the fund managers selling CC's heavily in bear markets and lightly in bull markets (and them getting the timing right, which falls back partly to luck). I wouldn't think so though. Volatility should be the enemy of a CC ETF long term, which is why something like JEPI targets lower volatility stocks.
If someone is prioritizing growth and prefers less exposure to covered calls, ZWT may be preferable to HTA. Over the past three years, ZWT has outperformed HTA by 10% in terms of total growth.
Tax-free? Not with this Capital Gain any longer. Remember, the Government is taxing any capital gain that is over $250,000. Thus, if the "Fund" is making more than $250,000.00 then the capital gain itself that belongs to the cooperation It will be taxed. Then the cooperation will have to lower the capital gain you get? Yes or No ??
The return of capital, not the capital gain, is what is tax free at the time it is received. It lowers your cost basis which would increase your capital gain (or lower your capital loss) in the future.
Interesting. I did a quick 5 year comparison of stock prices (the furthest they both go back to in Google), and the return was vastly different: HTA's 63% vs QQQ's 125%
No Canadian exposure? No kidding, Canada has no worthy tech sector to speak of! The Mag-7 and the entire tech sector is severely overpriced compared to the rest of the S&P 500. These will be the first to take a hit in a looming market crash - echoes of 2003/ 2008. I'd wait until it does. Energy, oil, uranium, gold, silver ETFs and equities are a more defensive move if and when things go sideways for the time being.
Do you own HTA? If not, what covered call ETFs do you own? What fund do you want me to look at next? And of course, get on that No-BS Newsletter! www.stocktrades.ca/find-more-canadian-etfs-stocks-and-opinions/
Thanks for the video, I have HTAE (enhanced) I'm very happy so far.
👍👍
What is the difference between HTA and HTAE ?
@@marclavergne384 HTAE is built to deliver enhanced income and growth opportunities by applying modest "leverage" to an investment in the Harvest Tech Achievers Growth & Income ETF (HTA:TSX)
@@marclavergne384 HTEA only holds HTA but uses 25% leverage to do the same strategy.
@@marclavergne384 They use leverage to improve overall returns. There is more risk if the market hits a bad patch.
Thanks for the look into this ETF.
Any time!
Great video. You're one of the few credible voices on CC ETF's. Too many shills out there.
Much appreciated!
Thank you so much! Been waiting for this video.🍀😊
Cheers!
This is a good example on why what a fund manger is writing covered calls on matters. You mentioned the BMO big 6 CC fund, I assume earning premiums on those are difficult as they are less volatile and we have a smaller option market in Canada. The shares probably get called away more often, so lose alot of the upaise potential. Just my 2cents !..great video and breakdown!
Absolutely;
thanks for the video. excellent insights as always
My pleasure!
Nice … but which Funds can better replace HTA ? Need more advice from you , Thank you so much 🙏🙏
Not sure what you mean!
@@StocktradesLtd i meant which Funds can replace HTA with less expense ratio fees 😀
I have HTA and it has done well.
Awesome!!
@@StocktradesLtd my question to you is, what other Canadian ETF are similar to HTA, mainly focusing on tech sector in U.S. without such high management fee?
Can you take a look at QQCC, the Nasdaq 100 CC etf from Horizon? Seems like it would make a good comparison to this one?
Good idea!
Hi Dan, thanks for the review. The only question I would have is, can we really count on the future similar distribution of the ETF?
Never a guaranteed really but it's done a good job thus far
Great vid!
No problem!
Very good info. Thank you!
Glad you liked it!
I have HTAE Harvest Tech Achievers Enhanced Income ETF. It's been great! I continue to add more shares every month.
I don't mind CC ETFs as long as the Covered Calls are done at 50-20%.
Nice I'll have to have a look at that one
@@StocktradesLtd
HTA is more expensive/share than HTAE. Plus HTA dividend .12 , HTAE dividend .13
How is this compare to TXF?
I don't think it matters, but is it better to get the hedged or unhedged version of the ETF
Matters quite a bit. But ultimately it's personal preference
I feel unhedged is usually better.. but which one do you prefer
Great video as always. Would you be able to go over a value ETF like FCUV
I'll have a look.
Thanks for the video ! I personally don't hold any CC ETFs but my sister is in retirement and she got hdiv and hyld , what are your thoughts about those two specially after dropping the fees on those.
I'll have a look
Thanks for the video, has been on my watchlist but never owned it. The performance is surprising considering the strategy gives up the upside for premium. I own some HHL and ZWU.
Glad you liked it!
Definitely better than my
First
Novel idea
Like it. I also have TXF
The only ETF I have ever had was ZDV with BMO. It did ok...not great when I bought at the Oct low last year.
Nice!
I'd still be wary of this ETF. There are very good reasons to expect a CC ETF to underperform its underlying holdings, so if something bucks that trend then you have to wonder how much is situational, luck, or if someone has actually found a way to break the paradigm...which I have not seen yet.
In this case I'd wonder if the multiple big drops in the NASDAQ gave this fund an edge over a shorter time period, and in the longer run when you'd not expect such a high rate of drops. Or maybe I'm wrong. Maybe the volatility of the NASDAQ means that you'll get a lot of periods where a CC ETF would outperform the underlying holdings, with the fund managers selling CC's heavily in bear markets and lightly in bull markets (and them getting the timing right, which falls back partly to luck). I wouldn't think so though. Volatility should be the enemy of a CC ETF long term, which is why something like JEPI targets lower volatility stocks.
A little late catching this one, life sometimes gets in the way, only so much free time. Don't have this one but do have a couple covered calls.
love covered call etfs
👍👍
qmax is simillar, maybe a little cheeper on fees.
QMAX is solid too yeah. I'm not sure what the total fees are as I can't find the TER anywhere. They may be similar.
Thanks. I have hta
You like it?
@@StocktradesLtd yes!
interesting fund no I don't own this one but thanks for reviewing this
No problem!
Hahaha love that Hoody Dan
..😂
Very comfy haha
@@StocktradesLtd You need the Kirkland slides next bro...🤣
If someone is prioritizing growth and prefers less exposure to covered calls, ZWT may be preferable to HTA. Over the past three years, ZWT has outperformed HTA by 10% in terms of total growth.
I'll have a peek!
Tax-free? Not with this Capital Gain any longer. Remember, the Government is taxing any capital gain that is over $250,000. Thus, if the "Fund" is making more than $250,000.00 then the capital gain itself that belongs to the cooperation It will be taxed. Then the cooperation will have to lower the capital gain you get? Yes or No ??
The return of capital, not the capital gain, is what is tax free at the time it is received. It lowers your cost basis which would increase your capital gain (or lower your capital loss) in the future.
Interesting. I did a quick 5 year comparison of stock prices (the furthest they both go back to in Google), and the return was vastly different: HTA's 63% vs QQQ's 125%
You haha to look at total return not just pricing return
@@StocktradesLtd Oh for sure, but I also coulda sworn your stock price comparison (to HTA's inception, 2017) had HTA beating NASDAQ.
@@funkspinna nope it had underperformed by quite a bit
No Canadian exposure? No kidding, Canada has no worthy tech sector to speak of! The Mag-7 and the entire tech sector is severely overpriced compared to the rest of the S&P 500. These will be the first to take a hit in a looming market crash - echoes of 2003/ 2008. I'd wait until it does. Energy, oil, uranium, gold, silver ETFs and equities are a more defensive move if and when things go sideways for the time being.
Unless your in desperate need of income i would not touch covered calls with a 10 foot poll its mostly return of capital anyways.
Return of capital is not always a bad thing. HTAs ROC distributions are most certainly constructive not destructive
@@StocktradesLtd Agreed ROC is not always bad, because ROC is foremost a tax allocation, and cc ETFs by their nature have more ROC
Interesting, but cautious when it comes to cc etf’s