I tested 69 covered call and options-income ETFs against the assets they're built on — every fund from its own inception date through August 7, 2026, total return with all distributions reinvested. Only 4 beat their benchmark, and every one of those four had a flat or falling underlying, used leverage, or wasn't actually a covered call fund. Not one beat its benchmark by writing calls on an asset that was going up. This video explains why covered call ETFs like GOOY, QYLD, JEPI, TSLY, SPYI, and QQQI underperform buy-and-hold, what a covered call actually trades away, why a "distribution" is not a dividend, and how return of capital can hand you back your own money while the share price sinks. The full spreadsheet with every fund, inception date, and total return number is linked below so you can check the work yourself.
📊 Full spreadsheet
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Thanks for stopping by, and remember: a single income stream is risky, and seeking multiple passive income streams would be wise! This video is for entertainment and educational purposes only. I am not a financial advisor. Please do your own research before making any investment decisions.