This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:15:56
The video revisits and compares various NASDAQ 100 covered call ETFs, focusing primarily on QYLD, JEPQ, and other related funds. The host highlights that JEPQ has emerged as a more popular choice over QYLD due to its superior asset performance and strategy, prompting a discussion on whether QYLD is now obsolete. The video underscores that QYLD's strategy of sacrificing all upside potential is less advantageous compared to ETFs like JEPQ, which use out-of-the-money call options to capture some market gains. Other ETFs such as QQQY, QYLG, and QCC are also reviewed, with JEPQ and QYLG noted for their stronger performance. The video concludes with suggestions for investing in more flexible and innovative funds like JEPQ and consideration of the long-term impacts of current ETF investments. Additionally, the speaker provides various resources for further learning and community engagement.
00:00:00
In this part of the video, the host revisits QYLD, the NASDAQ 100 Covered Call ETF from Global X, which was once the most popular income-oriented fund in the US Stock Market. The discussion highlights that QYLD has been surpassed by JEET Q, the JP Morgan NASDAQ Equity Premium Income ETF, in assets under management, raising questions about whether QYLD is now obsolete. The host plans to compare QYLD’s option strategy and performance with JEET Q and other similar NASDAQ 100 covered call ETFs, pointing out that newer options may offer better total returns with similar yields. This segment focuses on the performance comparison and the underperformance reasons of QYLD while directing viewers to previous videos for deeper insights into QYLD’s mechanisms.
00:03:00
In this segment of the video, the speaker compares various ETFs with a focus on their option strategies and performance. They highlight how an ETF has surpassed 8 billion in assets under management (AUM) and has become more popular than QYLD. Specific ETFs like QQ QY and QG are mentioned, emphasizing their different strategies. The speaker points out that the QYLD strategy is outdated because it gives up all the upside potential of the NASDAQ 100, which is not ideal long-term. By contrast, ETFs like JEPI and JEQ use out-of-the-money call options, capturing some upside. The performance comparison shows significant outperformance by JEQ over QYLD. Additionally, the speaker mentions a Q&A session with Hamilton Rainer, the main portfolio manager, discussing these strategies in detail. The segment concludes with a note on distribution yields, with both QYLD and JEQ offering around 11% but highlighting how the yield on QYLD has been declining.
00:06:00
In this segment of the video, the presenter compares various ETFs: JEPQ, QQQY, QLD, QYLG, and QCC. They highlight that JEPQ and QQQY have very close total returns, while QLD is underperforming. The key point is that QYLG, which covers half the portfolio, outperforms QLD with a better strategy, though its yield is low. The suggestion made is for Global X to offer a version of QYLG that gives the entire premium for higher yield. Additionally, Horizons ETFs, managed by the same asset management as Global X, offers QCC, a NASDAQ 100 covered call ETF outperforming similar to both JEPQ and QYLG.
00:09:00
In this segment of the video, the speaker discusses the performance and strategic differences between various NASDAQ 100 covered call ETFs, specifically focusing on QYLD, RYLD, XYLD, and their alternatives like JEPQ. They suggest that QYLD might be outdated and less advantageous, particularly for long-term investors who believe the NASDAQ 100 will generally increase over time. The speaker explains that buying QYLD is akin to shorting the NASDAQ 100, reflecting a pessimistic outlook. They propose that investors should consider switching to alternatives like JEPQ, which has a lower management fee, or the more innovative QQQY, as these are expected to outperform QYLD by capturing some upside potential. They emphasize the importance of not sacrificing all potential gains, even for income investors relying on yields, and criticize QYLD’s lack of growth compared to its peers.
00:12:00
In this part of the video, the speaker discusses the fund QD, expressing a desire for it to offer more flexibility in reinvesting yields. They suggest that although QD isn’t a bad fund, its current design is outdated. They recommend potentially swapping out of QD after considering its long-term impact, even if it means taking a loss. The segment concludes with various reminders, including details about the YouTube loyalty membership program, the Blossom social investing app, private coaching sessions, the DIY investing package on their website, and referral links for Quest Rate and Passive services.
00:15:00
In this part of the video, the speaker promotes their referral code for a 50% discount on the elite membership of Passive, which is free if using Quest Rate for social media. They invite viewers to join a private Facebook group with over 14,000 members for support and collaboration. Additionally, the speaker mentions their Instagram for more personal updates from Panama and LinkedIn for professional connections. They conclude by encouraging viewers to stay safe, healthy, and passive.