SPYI News | Roxom Stocks

1 BTC

- USD

Loading market data...

AUM

N/A

Volume

3.57M

Yield

12.01%

Chart Earnings News About Dividends Insider Filings

What I Wish I Knew About Dividend Stocks Before Buying ETFs And CEFsThere are several key differences between investing in dividend ETFs and CEFs. Read why we favor individual dividend stocks over dividend ETFs and CEFs.Seeking Alpha · Apr 25, 2024

JEPI: Do Not Make The Same Mistake Two Years In A Row, Buy This Covered Call ETF InsteadIntroduction 2023 was a year that took many by surprise, including myself. The S&P 500 Index (ARCA:SPY) returned a total of 26.3% — carried higher by the outperformance of the Magnificent Seven. However, this 26.3% total return didn't come without a fair share of volatility — as the S&P 500 Index fell -10% over a three-month period during the latter half of 2023. With that being said, there are many investors (including myself) who would prefer a more stable and predictable return — with income in mind. In this post, I'm going to compare the total return of the three most popular S&P 500 Index covered call ETFs in an effort to better understand why the JPMorgan Equity Premium Income ETF (ARCA: JEPI) performed so poorly in 2023 — as well as make a prediction for 2024. 2023 In Review If you're an income investor like me, your portfolio is anchored by covered call ETFs that are benchmarked against the total return of the S&P 500. Unfortunately, 2023 proved not every S&P 500 covered call ETF is made equal. Now, before you all come after me with comments like "You can't compare JEPI to the S&P 500 Index! JEPI doesn't hold the same stocks, it's a completely different strategy!" You're right. However, the fund's investment objective as shared in their summary prospectus states the following: "The investment objective of the Fund is to seek current income while maintaining prospects for capital appreciation. The Fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the Fund's primary benchmark, the Standard & Poor's 500 Total Return Index (S&P 500 Index)..." And as shown here on Morningstar, JEPI's benchmark index is the S&P 500. Now that we're all on the same page, let's dive into the numbers, starting with JEPI. JPMorgan Equity Premium Income ETF Facts The total return of JEPI in 2023 was 9.8%, capturing only 37% of the total return of the S&P 500 index. As we all know, the S&P 500 Index was led higher in 2023 by the Magnificent Seven — seven stocks JEPI's fund managers understandably decided to leave out of the fund's holdings throughout the year. Only two of those seven names, Microsoft Corporation (NASDAQ: MSFT) and Amazon.com, Inc. (NASDAQ: AMZN), were held by the fund in 2023. As stated in the summary prospectus, "The Fund seeks a lower volatility level than the S&P 500 Index." JEPI certainly achieved this, as the price of their shares only slipped -7.8% during the -10% drawdown the S&P 500 experienced between the months of August and October of 2023. And when you add monthly distributions to that figure, risk-averse investors become increasingly happier — a win in my book. However, it's equally as important to ask yourself the question "Is the return I see the return I get?" JEPI uses Equity Linked Notes (ELNs) to generate monthly income for their investors. In the eyes of the IRS, the income generated by these ELNs are taxed as ordinary income — meaning after taxes, this 9.8% figure might be materially lower for some folks depending on their tax brackets. As a fellow JEPI investor, I'm constantly weighing my opportunity cost. By choosing JEPI over the next best thing, I'm capturing only 37% of the S&P 500's total return. Sure, I'm doing so in an effort to smooth out the volatility of my portfolio while also generating monthly income — but ...Full story available on Benzinga.comBenzinga · Apr 17, 2024

Strategies For Building A High-Yield, Low-Risk Dividend PortfolioDiscover how investing in high-yield, low-risk dividend stocks can generate dependable passive income while preserving and growing principal.Seeking Alpha · Apr 14, 2024

Retire With 8-12%-Yields: Five Funds That Pay Fat Monthly DividendsDiscover the potential of monthly dividend ETFs in earning passive income and achieving financial independence, with yields from 8-12%.Seeking Alpha · Mar 17, 2024

QQQI: The Undiscovered Nasdaq-100 Covered Call ETF You've Been Looking For (14.4% Distribution Yield)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 (ARCA: JEPI), the GlobalX S&P500 Covered Call ETF (ARCA: 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 18.1%, capturing nearly 69% of the S&P 500 Index's total return last year. Compared to the JPMorgan Equity Premium Income ETF's total return of 9.8%, and the GlobalX S&P 500 Covered Call ETF's total return of 11.0%. I share these figures because the team that built SPYI — and all of the category leading performance that came with it — has used the same techniques and strategy to build the NEOS Nasdaq-100 High Income ETF (NASDAQ: QQQI). What Is QQQI? The NEOS Nasdaq-100 High Income ETF is an ETF that aims to offer high monthly income in a tax-efficient manner and upside potential when the Nasdaq-100 Index (QQQ) rises. Let’s break that down simply — as we all know, an ETF is a basket of stocks. In this case, the basket is constructed to replicate the holdings of the Nasdaq-100 Index. Remember, the Nasdaq-100 Index sits right next to the S&P 500 Index in popularity and portfolio construction. This index tracks the total performance of the 100 largest, most-actively traded stocks listed on the Nasdaq. Think Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), Meta Platforms (NASDAQ: META), Tesla (NASDAQ: TSLA)… you get the picture. The Nasdaq-100 Index delivered +54.9% returns for its investors in 2023, the best year since 1999. Again, this was largely due to the AI craze we saw by companies like Microsoft, Nvidia, and others — but incredibly impressive nonetheless. So, what's the difference between QQQ and QQQI? A single letter, I. And that letter stands for income. Think about it like this — a 55% return in an investment is awesome. However, to realize that return in your bank account, you’ll need to sell shares of stock. Considering the trailing twelve month dividend yield of the Nasdaq-100 Index is 0.52%, 99.48% of that return was in the form of share price appreciation — not cash dividends paid to you. But what if there was an ETF that aimed to offer exposure to the Nasdaq-100 Index while also optimizing for tax-efficient income for their shareholders? Enter QQQI. The NEOS team has successfully done this with their S&P 500 Index equivalent ETF, SPYI — paying a 12.14% annual distribution yield (as of 3/15/24) to investors while ...Full story available on Benzinga.comBenzinga · Mar 15, 2024

Retire With 9-12%-Yielding Monthly Dividends: SPYI Vs. JEPQPassive income from dividend ETFs can provide key benefits. Read how high-yielding monthly paying ETFs like SPYI and JEPQ add even greater opportunities.Seeking Alpha · Mar 9, 2024

JEPI Vs. SPYI: Only One Is A Worthy Passive Income MachineWe compare 2 high-yielding monthly dividend ETFs and share our take on which one makes for a better passive income machine. Read more on JEPI and SPYI ETFs here.Seeking Alpha · Jan 25, 2024

JEPI: No Longer An Income-Focused Investor's Only Holdings, It's Time To Play OffenseThe JPMorgan Equity Premium Income ETF (ARCA: JEPI) provides their investors with consistent monthly income and lower volatility. During times of immense bullishness, JEPI fails to capture even a fraction of total return against their benchmark index. When paired with SPYI (BATS: SPYI), another options-based high-income ETF, JEPI plays defense while SPYI plays offense. Introduction The JPMorgan Equity Premium Income ETF is a wildly popular ETF in the options-based ETF market with more than $29 billion in assets under management — and for good reason. The ETF boasts a healthy 9.93% 12-month rolling dividend yield, has exposure to U.S. large-cap stocks, all while prioritizing low volatility for its investors. However, there are some flaws. In this post, I’ll be comparing JEPI to “the next best thing.” Don’t get me wrong, JEPI deserves a place in most dividend-focused investor portfolios — the real question though is “how big?” Quick Background The JPMorgan Equity Premium Income ETF’s investment objective is simple: seek current income while maintaining prospects for capital appreciation. The Fund seeks to achieve this objective by implementing two unique strategies. Create an actively managed portfolio of equity securities comprised significantly of those included in the Fund’s primary benchmark, the S&P 500 Index. Through equity-linked notes (ELNs), sell call options with exposure to the S&P 500 Index. The resulting Fund is designed to provide investors with performance that captures a majority of the returns associated with the S&P 500 Index, while exposing investors to lower volatility than the S&P 500 Index and also incremental income. Plainly speaking, this ETF aims to deliver incremental income to its investors with the potential for capital appreciation while optimizing for low volatility. But, at what cost? Performance Over The Years 2021 was the first full calendar year JEPI was trading for, so we’ll start there. During 2021, JEPI’s total return was 21.61% — capturing nearly 75% of the total return of the S&P 500’s 28.71%. 2022 was even better, as the S&P 500 experienced immense volatility, JEPI did what it was designed to do — produce incremental income for its investors while exposing investors to lower volatility when compared to the S&P 500. In 2022, JEPI delivered aBenzinga · Nov 7, 2023

JEPI: No Longer An Income Investor's Only HoldingThe JPMorgan Equity Premium Income ETF provides their investors with consistent monthly income and lower volatility. Read more about JEPI here.Seeking Alpha · Oct 25, 2023

JEPI Vs. SPYI: One Is The Ultimate High-Yield Retirement Dream ETFOption-based stock ETFs like JEPI and SPYI have been popular due to their ability to generate yield. Find out which ETF is a Buy here.Seeking Alpha · Aug 19, 2023

SPYINEOS S&P 500 High Income ETF

SPYI

Pay with—

Start Trading

Available Balance0.00

Your PositionYou don't own any SPYI yet.

Related Tickers

Earnings

Dividends

Last · Sep 16Monthly

Amount$0.53

Yield11.89%

Annual$6.34

Volume

3.57M