🌍 What Happened This Week Equity markets were mixed and did not move much overall this week, with technology and growth stocks edging out the broader market while Canadian equities lagged their U.S. peers. A softer than expected U.S. jobs report on Friday eased worries about further interest rate increases, which helped growth and technology shares, and the Nasdaq-100 reached a record high. Semiconductor and AI-linked names stayed in favour, and several recently listed or more volatile single stocks saw sharp moves on news about the companies themselves. The weaker areas were financials, telecom, gold miners, and crypto-linked names, which lost ground. Energy was a bright spot, with Canadian oil producers extending their strong year. Overall it was a selective week, with only a few areas leading and money shifting between sectors rather than moving broadly in or out of stocks. ━━━━━━━━━━━━━━━━━━━ 📈 Market Returns (YTD): 🇺🇸 S&P 500: +13.7% 🇺🇸 Nasdaq-100: +22.4% 🇨🇦 S&P/TSX 60: +14.2% 🌍 MSCI EAFE: +12.1% ━━━━━━━━━━━━━━━━━━━ 🛡️ Covered Call Basket ETFs: Nasdaq tilted funds led the basket because the Nasdaq-100 gained about 0.7% while the S&P 500 slipped about 0.2%. $QMAX (+1.7%) led as a technology focused fund with the most direct exposure to the rally, $QQCC (+1.4%) followed the Nasdaq-100 higher, and $QQCL (+1.3%) did the same with a more income focused structure. $SIXY (-2.7%) lagged because it holds the big Canadian banks, and RBC, TD, and Scotiabank were each down roughly 1.5% to 2.3% on the week. $INTY (-2.0%) slipped as its international equity holdings trailed U.S. technology. ⚠️ Higher risk (crypto linked): $HBIX (+1.4%) edged higher because bitcoin itself was roughly flat this week, while $HBTE (-4.5%) fell because it leans toward crypto related stocks, which dropped even though bitcoin held steady. Distribution yields: $HBTE has a 31.4% yield but lost 4.5% this week as crypto related stocks dropped. $HHIS has a 29.4% yield and gained 0.5% this week, one of the steadier names. $INTY has a 28.9% yield but lost 2.0% this week as international stocks trailed U.S. tech. $SIXY has a 21.6% yield but lost 2.7% this week with the Canadian banks. ━━━━━━━━━━━━━━━━━━━ 💻 Single-Stock Covered Call ETFs: Each fund here holds one company and sells call options on it, so it usually moves with that stock. $SXHI (+9.2%) and $SPXY (+7.4%) led as SpaceX rose about 6.9% on the week, $CRWY (+8.2%) gained as CrowdStrike climbed about 7.1%, $SHPY (+6.9%) rose with Shopify (up about 7.1%), and $NVHI (+5.2%) followed Nvidia higher (up about 3.9%) as chip stocks stayed in favour. $CNQY (+3.5%) and $SUHE (+3.1%) gained as oil producers kept climbing, with Canadian Natural Resources and Suncor each up roughly 2.8%. $BCHI (-6.3%) fell with BCE (down about 5.1%), $ABHI (-6.2%) fell with Barrick (down about 5.2%) as gold miners lost ground, and $TY (-5.5%) fell with Telus (down about 4.1%) as Canadian telecom stocks weakened. ⚠️ Higher risk (crypto linked and high volatility single stocks): $CRCY (-9.3%) was the weakest as Circle fell about 8.7%, $YCON (-7.1%) dropped as Coinbase fell about 6.2% amid the broad slide in crypto related stocks, and $YNET (-7.0%) lost ground as Netflix fell about 5.7%. In each case the call option income did not fully offset the stock's decline. Distribution yields: $YCON has a 50.2% yield but lost 7.1% this week with Coinbase and is down 19.3% YTD. $CRCY has a 47.1% yield but lost 9.3% this week with Circle. $SHPY has a 40.7% yield and gained 6.9% this week with Shopify, though it is still down 5.9% YTD. $ORCY has a 40.7% yield and gained 5.5% this week with Oracle, whose shares are down about 26.0% YTD. ━━━━━━━━━━━━━━━━━━━ 🎯 YieldMAX ETFs: $TSMY (+3.7%) led as chipmaker TSMC benefited from the semiconductor rally, $SOXY (+3.1%) and $CHPY (+2.8%) gained on broad semiconductor exposure as chip leaders such as Nvidia and ASML rose, and $NVDY (+2.3%) rose with Nvidia but trailed the stock itself (about +3.9%) because these funds give up some upside in exchange for option income. Short-strategy funds work in reverse, gaining when the underlying stock falls. $FIAT (+4.0%) gained because it shorts Coinbase, which fell about 6.2%, while $DIPS (-2.9%) lost ground because it is designed to gain when Nvidia falls and Nvidia rallied. ⚠️ Higher risk (crypto linked and speculative single stocks): $DRAY (-14.8%) was the weakest in the group as DraftKings sold off sharply, $MARO (-9.4%) fell with Marathon Digital as crypto related shares slid, and $CRCO (-7.2%) tracked Circle's roughly 8.7% decline. Over the year, $MRNY (+398.5%) sits on top, and $AMDY (+138.2%) follows because AMD shares have roughly tripled in 2026, while $RBLY (-48.0%) sits at the bottom as speculative single names have lagged badly. Distribution yields: $MSTY has a 111.0% yield but is down about 48.0% over the past year. $HOOY has a 110.4% yield but lost 4.5% this week with Robinhood. $MRNY has a 102.7% yield and is up 398.5% YTD despite losing 2.6% this week. $CONY has a 90.6% yield but lost 4.9% this week with Coinbase and is down 14.1% YTD. ━━━━━━━━━━━━━━━━━━━ ⏱️ 0DTE ETFs: 0DTE funds sell options that expire the same day, so they collect income daily but give up much of the upside on strong days, which is why returns were muted in a flat week for the broad market. $QDAY (+2.2%) led by a wide margin because it is tech focused and the Nasdaq-100 hit a record, $QDTE (+1.0%) gained on its Innovation-100 tech exposure, and $QQQY (+0.3%) edged up with the Nasdaq-100 but its same day option selling capped most of the move. $CDAY (-1.4%) lagged as Canadian equities slipped, with the S&P/TSX 60 down about 0.6% on the week, and $SDAY (-0.2%) dipped slightly as the S&P 500 it tracks was roughly flat to lower. Distribution yields: $IWMY has a 30.7% yield but lost 0.1% this week as small caps lagged tech. $QQQY has a 30.3% yield but gained only 0.3% this week even as the Nasdaq-100 hit a record, because daily option selling caps the upside. $WDTE has a 30.2% yield but lost 0.1% this week, in line with the flat S&P 500. ━━━━━━━━━━━━━━━━━━━ 💰 Cash-Covered Puts ETFs: These funds sell put options and collect premium, which earns income but caps the upside when a stock rallies. $SMYY (+2.1%) led on its Super Micro exposure as AI hardware names stayed in favour, $SEMY (+1.9%) gained alongside it, $PLYY (+1.8%) rose on Palantir even though the stock itself was slightly lower, because the premium collected offset the dip, and $AMYY (+1.8%) gained as AMD edged up about 0.5%. $NVYY (+1.4%) rose far less than Nvidia (about +3.9%), showing how these funds trade upside for income. ⚠️ Higher risk (crypto linked, mining, and speculative single stocks): $COYY (-3.6%) fell with Coinbase (down about 6.2%) but the put premium softened the drop, $NUGY (-3.5%) lost ground as gold miners fell across the board, and $MAAY (-2.9%) and $RTYY (-2.7%) slipped with crypto related shares. YTD, $HMYY (-41.6%), $QBY (-37.8%), and $COYY (-36.3%) remain deeply negative because their underlying stocks sold off earlier in the year. Distribution yields: $RTYY has a 95.4% yield but lost 2.7% this week with crypto related shares. $MAAY has a 93.1% yield but lost 2.9% this week and is down 21.3% YTD. $HMYY has a 79.5% yield and gained 1.0% this week, though it is down 41.6% YTD. $QBY has a 74.7% yield but lost 2.2% this week and is down 37.8% YTD. ━━━━━━━━━━━━━━━━━━━ 📅 Weekly Distribution ETFs: These funds reset their options exposure every week, so a single stock's move translates into an outsized weekly swing relative to monthly or 0DTE structures. $NVDW (+4.6%) was the clear standout as Nvidia rose about 3.9% and reached an all time high, while $AMZW (+0.8%), $AVGW (+0.7%), and $AMDW (+0.6%) posted modest gains because Amazon, Broadcom, and AMD each rose less than 1.0%. $NFLW (-6.9%) fell as Netflix dropped about 5.7%, with the weekly structure amplifying the decline, $GDXW (-6.6%) dropped as gold miners lost ground, and $BABW (-4.3%) slipped with Alibaba. ⚠️ Higher risk (crypto linked): $COIW (-7.5%) fell as Coinbase dropped about 6.2%, and $HOOW (-6.8%) fell as Robinhood lost about 5.6%, both amplified by the weekly reset. Distribution yields: $HOOW has a 98.2% yield but lost 6.8% this week with Robinhood. $COIW has an 84.3% yield but lost 7.5% this week with Coinbase and is down 27.4% YTD. $ARMW has a 59.1% yield but lost 1.0% this week, though it is up 213.4% YTD. $NVDW has a 54.7% yield and gained 4.6% this week with Nvidia. ━━━━━━━━━━━━━━━━━━━ https://docs.google.com/spreadsheets/d/1YooRlFl3jibMoMiDJuXrTzai7jiHG8jCOsX-q_Bdhfs/edit?usp=sharing
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Andre Britt
@brago2587 · 17d
So I
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