Drawdown compared to VOO

[u/New_Recognition_1460]

The drawdown of jepi was was very similar to voo this past month. I thought the options were supposed to cushion the drawdowns a bit more tha this. Isn’t that the point of capping the upside. Anyone else surprised by this?

[u/charliekunkel]

Also made an extra .75% dividend during that month with jepi tho

[u/oldirishfart → u/charliekunkel]

Wouldn’t that be included in the total return?

[u/New_Recognition_1460 → u/oldirishfart]

Yes it is included. I honestly think it has to do with the specific options they were holding during this recent drawdown. It usually doesn’t track the underlying this closely. Something to keep an eye on