RE: HE* SPsLook at what the fund is supposed to do before judging. These are covered calls on dividend paying stocks and the whole point is yield to offset the wobbly market gyrations or havent you noticed? The whole point imo is the yield. Also look at the companies involved This is not a high growth mkt and wont be for years to come. So yield is what is needed. YOu can do covered calls individually if you know what you are doing but this eases the paperwork tremendously. and you are correct this is new and most retail investors didnt have access to this until now. Add the yields up and you have wonderful gains.
If this were an up mkt then the gains would be capped but still are significant.
Do talk to a broker about this and exactly what the fund is accomplishing esp for retail investors .
or track the mkt from 99 until now and see how far ahead the mkt is ??????????? what are the other options.
The vix etf has fast ups and downs but you can make alot and lose alot in a blink.
time will tell of course. And these are not small cap penny stocks they have heft of blue chip depends on what you are looking for.