A few months ago, I analyzed the total performance of the three most popular S&P 500 covered call ETFs in 2023: the JPMorgan Equity Premium Income ETF (NYSE:JEPI), the GlobalX S&P500 Covered Call ETF (NYSE:XYLD), and the NEOS S&P 500 High Income ETF (BATS:SPYI).
The covered call ETF that came out on top was the NEOS S&P 500 High Income ETF for three reasons: they had full exposure to the holdings inside of the S&P 500, wrote out-of-the-money covered calls, and used Section 1256 contracts for enhanced tax-efficiency.
The total performance of SPYI in 2023 was...
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