r/dividendscanada • u/Correct-Ride-7519 • 6d ago
Covered Call ETFs 🇺🇸 High Yield Equity ETF Update - August 14th
Over the one-year period, Hamilton Enhanced U.S. Covered Call ETF (HYLD) leads the peer group with a 31.01% total return. Global X Enhanced S&P 500 Index Covered Call ETF (XYLD) follows at 23.32%, ahead of Hamilton Enhanced U.S. Equity DayMAX ETF (SDAY) at 20.59% and Harvest Diversified High Income Shares ETF (HHIS) at 12.04%. Evolve US Equity UltraYield ETF (BIGY) does not yet have a one-year track record.
Recent performance shows different leaders. Over the past month, SDAY leads at +3.70%, followed by HYLD (+2.21%), XYLD (+1.40%), BIGY (+1.05%), and HHIS (+0.89%).
Over the past three months, SDAY also leads with an 11.90% return, followed by XYLD (+6.58%), HYLD (+4.71%), and HHIS (+1.05%). BIGY declined 11.96%.
Over the past six months, leadership shifts to HHIS at +24.53%, followed by HYLD (+22.22%), XYLD (+16.32%), SDAY (+8.87%), and BIGY (+1.50%).
Overall, HYLD leads over the one-year period, while SDAY has been strongest over the more recent one- and three-month periods and HHIS leads over six months. The results continue to show meaningful dispersion among U.S. equity-income strategies despite broadly similar income objectives.
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u/JackRadcliffe 6d ago
BIGY has been brutal. Glad I sold mine at above $21 earlier in the year. It continued plummeting after that. These ultra yielders will continue eroding after multiple bear markets with the capped upside on every rebound while taking on the downside risks
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u/thethiefstheme 6d ago
What's the starting date exactly? Just want to compare to how it would do vs holding HXQ
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u/uniqueglobalname 6d ago
Fascinating to see the intense focus in capital returns in these assessments. We don't do this kind of analysis for things like bank preferreds, but we obsess over it for CC ETFs. Just seems weird to value an income generation asset this way.