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Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY)
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Hamilton U.S. Equity YIELD MAXIMIZER TM ETF (SMAX)
Q: I am considering purchasing one of the ETF's for income as well as total return potential over the next 3-5 years. Which one you do you believe has more value?
5i Research Answer:
On the belief that markets will be OK, we would side with VDY today. We think SMAX is fine for income, but it may lag in a market rally in terms of total return, as covered call positions get called away.