Total Assets$Simplify Volatility Premium ETF(SVOL.US), although the monthly dividend is fixed, after changing its strategy this year, it has shown a strange situation where its net value remains flat or declines regardless of the market's rise or fall. Perhaps it needs time. Recently, it has continued to experience net outflows. Looking at the trend over roughly a year, it has completely underperformed the market, although it still has a market cap of over 800 million, but a retreat seems subtle.
Recent volatility has been high, with significant divergence in buying/selling and long/short positions. In this situation, stabilizing dividend income while waiting for opportunities is also an option:
Here's a comparison of several ETFs recently discussed by foreign investors. In addition to the existing $JPMorgan Nasdaq Equity Premium Income ETF(JEPQ.US)$Goldman Sachs Nasdaq-100 Core Premium Income ETF(GPIQ.US), the newly added ones include $NEOS Nasdaq-100(R) High Income ETF(QQQI.US)$PIMCO Dynamic Income Fd(PDI.US)$Simplify Volatility Premium ETF(SVOL.US)$Guggenheim Strategic Opportunities(GOF.US). These three ETFs offer relatively stable dividends but don't use covered call strategies. The latter two have significant premium rates due to different investment directions. For detailed information, you can check ETFdb. There's also the relatively stable $Schwab US Div Eq(SCHD.US).
The comparison is based on two conditions: 1. How much principal is needed to receive $1,000 in after-tax dividends per month per ETF with tax benefits; 2. Fixed investment of $50,000 and the corresponding monthly after-tax dividend income under the same conditions. The current prices are as of the pre-market on March 14 when this post was made.
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