Sustainability & Risks

  • QYLP’s payout ratio is over 280%, meaning it pays out more than it earns—typical for covered call strategies but worth watching.
  • Its price performance has dipped ~9.3% over the past year, reflecting the trade-off between income and growth.
  • The ETF uses synthetic replication and tracks the CBOE NASDAQ-100 BuyWrite V2 UCITS Index, which limits capital appreciation.

💡 What to Consider

  • Covered call ETFs like QYLP are income-focused, not growth-oriented.
  • They perform best in sideways or mildly bullish markets.
  • If you’re seeking monthly cash flow, QYLP is solid—but if you want some upside potential, JEPI or JEPQ might offer a better balance.