Euro Income

Performance summary

• Total return (time-weighted)+71.85%
• Annualized return (CAGR)+15.93%
• Volatility (annualized)8.92%
• Sharpe ratio1.79
• Max drawdown-5.33%
• Account value vs capital invested+50.4%

Based on 3.7 years of monthly data. Volatility and Sharpe ratio use the time-weighted monthly returns, with a 0% risk-free rate.

When each fund pays

The months each fund actually paid in over the last twelve months — not the frequency the issuer declares, which says "quarterly" without saying which quarters. Income that arrives in three lumps spends very differently from income that arrives every month. Every month of the year has at least one payment.

Based on the last twelve months of distributions — one full cycle, so a payment that slipped from the end of one month to the start of the next is not counted twice. A fund that has just launched shows fewer months than it will pay in a full year, and an issuer can change its schedule without notice.

Active positions (6)

As of 30 Sep 2026. Cost basis includes the income reinvested in each fund; total profit adds the income it paid.

Detailed metrics

Risk and return measured on the monthly series, distributions included. Hover the question mark for what each one means.

Monthly returns heatmap

Every month of every year, with the total for each calendar year on the right. Green is a gain, red a loss; the stronger the colour, the bigger the move.

How the satellite was reviewed on 30 Sep 2026

The ranking the strategy saw at the last month-end, among covered-call funds that met the yield minimum, and why each fund was kept, bought or sold. These scores compare only the funds that meet the yield minimum with each other, at the month-end: the Quality Score on the home page compares every covered-call fund, with today's data, so the two can differ.

Why funds entered and left

The most recent months with a change in the satellite.

• Mar 2026
  LDEU Sold: dropped to position 10, outside the top 7.
  EUSD Bought: ranked 1, the best eligible fund not already held.
• Feb 2026
  JEPE Bought: ranked 2, the best eligible fund not already held.
• Sep 2025
  ISPA Sold: dropped to position 8, outside the top 7.
  FEUI Bought: ranked 3, the best eligible fund not already held.
• May 2025
  SY7D Bought: ranked 1, the best eligible fund not already held.
• Apr 2025
  IQQA Sold: dropped to position 8, outside the top 7.
  EUDI Bought: ranked 3, the best eligible fund not already held.
• Oct 2024
  EEIE Sold: dropped to position 9, outside the top 7.
  LDEU Bought: ranked 2, the best eligible fund not already held.
• Mar 2024
  LDEU Sold: dropped to position 8, outside the top 7.
  IQQA Bought: ranked 4, the best eligible fund not already held.
• Feb 2024
  FEUI Sold: dropped to position 8, outside the top 7.
  EEIE Bought: ranked 4, the best eligible fund not already held.

Exited positions (6)

Result = sale proceeds minus cost basis, plus the income received while held, minus tax on the gain.

Transaction history

Every buy, sale and dividend in the simulation, newest first. Download the full list to check it yourself or import it into a portfolio tracker.

Monthly income and reinvestment log

How it works

• Net figures and realised lossesIn the Net view, the return can be improved by offsetting realised losses: with certificates such as the IncomeShares ETPs, a loss booked by selling and buying back can be set against the income and gains of the following four years, so the tax on those distributions is simply not withheld. Switch it on in your tax profile and every figure on this page is recalculated; the two commissions of each sell-and-rebuy are charged. Harmonised ETFs cannot do this: their income is taxed in full whatever losses you carry.
• equity, 50% of starting capitalThe 4 classic dividend funds with the highest Quality Score, which rewards distributions that hold up or grow and a price that is not eroding. The score is recalculated every month using only the data available on that date. A fund is sold only when it drops below position 7 in the ranking, and never within 6 months of buying it; it is replaced by the best-ranked fund not yet held, using the sale proceeds.
• Satellite, 50% of starting capitalThe 4 covered call funds with the highest Quality Score, which rewards distributions that hold up or grow and a price that is not eroding. The score is recalculated every month using only the data available on that date. A fund is sold only when it drops below position 7 in the ranking, and never within 3 months of buying it; it is replaced by the best-ranked fund not yet held, using the sale proceeds.
• Income and reinvestment50% of the net income is reinvested equally across the funds of the same sleeve; the rest is paid out to the investor.
• CalendarAll trades happen on the last trading day of the month, so new entries collect the distributions going ex on the first day of the following month.