Monthly

The Erosion Map

A high distribution is only income if the price holds. For every fund with enough history, the change in price over the period sits next to the total return with distributions reinvested. Three outcomes: the price held, the income covered the fall, or the fund lost money even after paying you.

1 month 3 months 6 months 12 months
Funds with a full 12 months of history
32 of 150
Covered Call only
Price held
7
price flat or up: the income is all gain
Covered by income
14
price down, total return still positive
Lost money
11
negative even after every distribution

Distribution rate against price change, 12 months

Each dot is a fund. The further right, the higher the trailing yield; the lower it sits, the more of the price has gone. Red dots are the ones where the income did not make up for it. Hover for the name, click for the fund page.

Price heldCovered by income Lost money Median price change -13.7% · median total return +7.1%

All Covered Call Classic Dividend Core Index Fixed Income
Fund Category Yield TTM Price, 12 months Income added Total return Outcome
YMST ↗ IncomeShares
Microstrategy (MSTR) ETP
 Covered Call 176.2% -81.5% +32.6% -48.8% Lost money
COIY ↗ IncomeShares
Coinbase (COIN) ETP
 Covered Call 163.5% -79.7% +33.1% -46.7% Lost money
M5TY ↗ YieldMax
YieldMax MSTR Option Income Strategy ETC ETP
 Covered Call 85.3% -71.4% +24.4% -47.0% Lost money
BABY ↗ IncomeShares
Alibaba (BABA) ETP
 Covered Call 106.4% -66.6% +35.6% -31.0% Lost money
PLTY ↗ IncomeShares
Palantir (PLTR) ETP
 Covered Call 75.1% -48.4% +38.8% -9.6% Lost money
TSLI ↗ IncomeShares
Tesla (TSLA) ETP
 Covered Call 81.5% -45.2% +44.6% -0.6% Lost money
METY ↗ IncomeShares
META ETP
 Covered Call 54.2% -44.2% +30.2% -14.0% Lost money
AVGY ↗ IncomeShares
Broadcom (AVGO) ETP
 Covered Call 82.3% -42.7% +47.2% +4.4% Covered by income
QQQY ↗ IncomeShares
Nasdaq 100 ETP
 Covered Call 71.6% -34.9% +46.6% +11.7% Covered by income
MSFY ↗ IncomeShares
Microsoft (MSFT) ETP
 Covered Call 35.8% -30.8% +24.8% -6.0% Lost money
MAGO ↗ IncomeShares
Magnificent 7 ETP
 Covered Call 48.8% -28.1% +35.1% +7.0% Covered by income
AMZI ↗ IncomeShares
Amazon (AMZN) ETP
 Covered Call 47.6% -24.8% +35.8% +11.0% Covered by income
SPYY ↗ IncomeShares
S&P500 ETP
 Covered Call 43.8% -22.7% +33.8% +11.1% Covered by income
YMAG ↗ YieldMax
YieldMax Big Tech Option Income UCITS ETP
 Covered Call 25.9% -22.1% +20.2% -1.9% Lost money
NVDI ↗ IncomeShares
NVIDIA (NVDA) ETP
 Covered Call 49.0% -20.6% +38.9% +18.3% Covered by income
TLTY ↗ IncomeShares
20+ Year Treasury (TLT) ETP
 Covered Call 13.5% -17.0% +11.2% -5.8% Lost money
AAPY ↗ IncomeShares
Apple (AAPL) ETP
 Covered Call 35.1% -13.7% +30.3% +16.6% Covered by income
GOOI ↗ IncomeShares
Alphabet (GOOG) ETP
 Covered Call 47.0% -13.6% +40.6% +27.0% Covered by income
GLDI ↗ IncomeShares
Gold+Yield ETP
 Covered Call 14.6% -13.5% +12.6% -0.9% Lost money
ASWM ↗ REX Shares
REX Crypto Equity Income & Growth ETP
 Covered Call 21.3% -12.8% +18.6% +5.8% Covered by income
ASWK ↗ REX Shares
REX Tech Innovation Premium Income ETP
 Covered Call 26.8% -11.8% +23.6% +11.8% Covered by income
YAMD ↗ IncomeShares
AMD ETP
 Covered Call 74.3% -5.3% +70.4% +65.1% Covered by income
JEPG ↗ JPMorgan
JPM Global Equity Premium Income Active UCITS ETF USD Dist ETP
 Covered Call 8.2% -4.9% +9.0% +4.1% Covered by income
SY7D ↗ Global X
Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing ETP
 Covered Call 11.5% -3.9% +11.0% +7.1% Covered by income
JEPI ↗ JPMorgan
JPM US Equity Premium Income Active UCITS ETF USD Dist ETP
 Covered Call 7.6% -1.0% +8.0% +7.0% Covered by income
SLVY ↗ IncomeShares
Silver+Yield ETP
 Covered Call 15.8% +3.2% +16.3% +19.5% Price held
WINC ↗ iShares
iShares World Equity High Income Active UCITS ETF USD Inc ETP
 Covered Call 9.2% +4.4% +11.8% +16.1% Price held
XYLU ↗ Global X
Global X S&P 500 Covered Call UCITS ETF Inc ETP
 Covered Call 10.1% +5.5% +15.2% +20.7% Price held
ASWL ↗ REX Shares
REX Tech Innovation Income & Growth UCITS ETP
 Covered Call 12.0% +5.6% +12.7% +18.4% Price held
JEPQ ↗ JPMorgan
JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist ETP
 Covered Call 10.8% +6.2% +12.1% +18.3% Price held
QYLD ↗ Global X
Global X NASDAQ 100 Covered Call UCITS ETF Dis ETP
 Covered Call 11.6% +6.2% +12.3% +18.5% Price held
INCU ↗ iShares
iShares U.S. Equity High Income Active UCITS ETF USD Inc ETP
 Covered Call 7.3% +6.7% +9.6% +16.3% Price held

No fund matches this search.

Price change is last close to last close over the period, in the fund's trading currency. Total return reinvests each distribution on its ex-date. Funds listed for less than the period are left out: 50 this time.

Important information. Master of Yield is an independent research tool. All content on this site, including fund data, screeners, scores, model portfolios and backtests, is provided for information and education only. Nothing here is investment, legal, tax or accounting advice, nor a recommendation or solicitation to buy, sell or hold any financial instrument. We are not a broker, a bank or an authorised investment adviser, and we have no knowledge of your personal circumstances. Any investment decision you make is yours alone: consult a qualified adviser before acting.

Our approach. Our model portfolios follow a purely quantitative, rules-based method focused on income. Funds are selected, ranked and rotated by statistical criteria applied mechanically: price erosion since inception, sustainability of distributions, dividend growth, yield and total return. No discretionary judgement or view on individual companies or markets is involved, and the same rules apply to every fund.

About the backtests. Portfolio results are hypothetical simulations run on historical data, not records of real trades or of any real account. Among other simplifications, they assume every fund could be bought and sold at its month-end price with no spread, commission or market impact; they show figures before tax unless you set your own tax profile under "Taxes", where you choose your country and can adjust every rate and the commission your broker charges per trade — those figures are an estimate, not a tax calculation; and they convert every amount to euro at the daily exchange rate. The fund universe only contains products that exist today, so funds that closed in the past are missing, which tends to flatter results. Many funds have short histories, so some results cover only a few years of a largely rising market. Rules may be refined over time and each refinement is applied to the full history, so past results can change. Past or simulated performance does not guarantee future results, and every investment can lose value, including the capital invested.

About the data. Data is collected from publicly available open sources and third-party providers and is not independently verified. No warranty is given as to its accuracy, completeness or timeliness. Always check figures with the fund provider before acting. Fund reference data (expense ratio, fund size, domicile) is completed with the EU ETF Universe dataset by Danimoth, used under the CC BY 4.0 licence: danimoth.com/dataset.

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