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CI Tech Giants Covered Call ETF (TXF)
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Harvest Tech Achievers Growth & Income ETF (HTA)
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Hamilton Technology YIELD MAXIMIZER TM ETF (QMAX)
They're all pretty similar but which one do you feel is the best for long term growth and income and why?
I know QMAX's strategy is a little bit different than the other two in that they use "at the money" calls ... is this a positive or a negative?
Thanks, Rick
TXF and HTA have been around fro a number of years longer than QMAX, but HTA has consistently outperformed TXF. Since QMAX's inception, all three funds have has almost identical returns but QMAX has the edge. Fee wise, QMAX charges 0.65%, HTA charges 0.85%, and TXF charges 0.71%. At-the-money calls are riskier because they have a higher likelihood of being exercised than being out-of-the-money. These do however get earn a higher premium which benefits QMAX so this is both a positive and negative as income may fluctuate more on a quarterly basis comapred to HTA and TXF. We are comfortable with any of these but would go with QMAX for the potentially higher income while fee is also the lowest.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in TXF.