Anybody remember those YieldMax ETFs? 😂
$YMAG, $YMAX, $ULTY, $MSTY… the “massive yield” era was something else.
A year later, the total return chart tells a pretty interesting story.
Who’s still holding any of them?
The wheel strategy in 4 lines:
Sell a put on a stock you'd happily own
Get assigned? Now you own it cheaper
Sell covered calls on it
Get called away? Start over
You get paid at every step.
$OVL is leading the pack 👀
1-year total return with dividends:
$OVL: +22.02%
$SPY: +18.48%
$XDTE: +17.35%
$SPYI: +16.64%
$JEPI: +8.55%
This is exactly why I like comparing total return, not just yield.