Q: Hi There Happy New Year!
Can you give me a recommendation of 5 best overall High Yield Covered Call ETFs for Income and capital protection? Thanks!
Can you give me a recommendation of 5 best overall High Yield Covered Call ETFs for Income and capital protection? Thanks!
Q: This is not a criticism, but simply a point I am making.
When comparing covered call ETF's, quite often you do not compare the percentage of holdings that the ETF is writing covered calls on. In particular, QMAX only writes calls on 30% of it's holdings, leaving the other 70% to go up and down with the market.
When you wrote your last answer about QMAX, it left me with the impression that they were writing calls on 100% of the holdings, which is wrong, and a bit misleading.
I realize that I am somewhat splitting hairs, but I feel that the percentage the fund is writing calls on is quite important, especially a tech ETF that will swing more, than say a T-Bill ETF.
Thanks for all you do!
When comparing covered call ETF's, quite often you do not compare the percentage of holdings that the ETF is writing covered calls on. In particular, QMAX only writes calls on 30% of it's holdings, leaving the other 70% to go up and down with the market.
When you wrote your last answer about QMAX, it left me with the impression that they were writing calls on 100% of the holdings, which is wrong, and a bit misleading.
I realize that I am somewhat splitting hairs, but I feel that the percentage the fund is writing calls on is quite important, especially a tech ETF that will swing more, than say a T-Bill ETF.
Thanks for all you do!
Q: Hi Team, I'm a 65 yr old dividend investor and I have been investigating BMO Covered Call ETF (ZWT) and Hamilton's QMAX.
The only pure holding I have in Technology right now is DCBO (for growth) with <1% holding and I'm thinking of selling that and dumping into either of the above.
I'm really intrigued with QMAX yield of ~ 12% and MER of .65% compared to ZWT with a yield of ~3.57% and higher MER of .71%.
I understand that both could be very volatile (ZWT -30.9% in 2022 and up 64.5% in 2023). QMAX isn't a year old yet so no stats but I assume will be comparable?
Anyway, looking for your thoughts on which is better, is QMAX yield of 11.9% (too good to be true)? With QMAX, AUM of $374,505,060 some people like it? Thanks Bill
The only pure holding I have in Technology right now is DCBO (for growth) with <1% holding and I'm thinking of selling that and dumping into either of the above.
I'm really intrigued with QMAX yield of ~ 12% and MER of .65% compared to ZWT with a yield of ~3.57% and higher MER of .71%.
I understand that both could be very volatile (ZWT -30.9% in 2022 and up 64.5% in 2023). QMAX isn't a year old yet so no stats but I assume will be comparable?
Anyway, looking for your thoughts on which is better, is QMAX yield of 11.9% (too good to be true)? With QMAX, AUM of $374,505,060 some people like it? Thanks Bill