Hey everyone in the passive income realm! I hope your July is nice and warm (but not wildfire hot😟) I just received my second big paycheque and wanted to let you know that retirement is so far going rather well - especially since the distributions keep rolling in despite certain stupidities in the world 😏 I'll get to the point and list the ETFs now EASY - $1,508.15 BIGY - $2,115.62 SIXY - $144.90 INTY - $200.20 and from Global X CMCL - $23.20 So this 2nd paycheque was just shy of four thousand at a total of $3,992.07 I've been looking at the portfolio trying to decide where I should deploy this money. I've considered staying the stable course with SPLT or NSAV for the next mortgage payment, but I may just add to my fledgling CMCL or growing PAYG position. Any ideas out there? ......of course..... there's always MSTE 😆😆😆🤑💰🤑 Retirement is goooooood 😉😏😊read more
Just a short video explaining why I havn't been around as much... crazy organizing last week's Blossom in the Park and sadly my 91 yr old Father passing after a sudden medical event last week, dealing with his affairs, and now planning to attend TorontoCon on Saturday. Also... working with Paul to do another Toronto Blossom Meetup like in June for any blossomers that wanted to attend. We are having a lil gathering Thurs at 6P at the same lounge near the airport as last month - Contact me in PM to get the location. https://youtube.com/shorts/B-OdS_pJbHY?feature=share
So last Friday while @paulsantori and I were having beers at his fave watering hole, we were chatting about our portfolios and I mentioned how I added $PAYG a few months ago into my portfolio to diversify my international exposure with my $INTY from evolve. (It was Paul that pointed out PAYG to me back then as part of our COFFEE & CASHFLOW chat) Paul mentioned - well PAYG does have international exposure but it does have a significant North American. I said... "hmm my bad - I knew there was some NA but not significant". Today, I looked into comparing PAYG with INTY and even with the new $HHII from Harvest. I was doing this as I was assessing what will be my next reinvesting target as my cash reserve is reaching my 5% target and will need to start reinvesting again. So I had a long conversation with my CoPilot AI.... and here is the results - surprising me.... PAYG is not really an International focused CC ETF. It is more a North American Big Company ETF with an added international exposure - less than 40% of the underlyings. I told AI that my purpose for PAYG was to diversify my INTY for international exposure. It surprisingly said: "PAYG most closely compares to your HDIV - and not that close to INTY". I asked the top three of my holdings that are most closely structured and perform like PAYG... $HDIV - almost a mirror of PAYG - its a HDIV with an added international bi company add on $HYLD - closely structured to PAYG with US but does not have the PAYG internatuonal exposure $CANY - closely structured but with CAD holdings and no payg international exposure. But it said... honorable mentions are my: $BIGY$HHIS SO... what does this mean for my PAYG in my portfolio? Do I have to correct this and rebalance? ANSWER: NO I dont have to rebalance out of PAYG and consider moving the proceeds to something like the more closely INTY matched NEW etf $HHII . PAYG is a better cashflow generating version of HDIV and I will now consider HDIV and PAYG to be my diversification pairing. I will now decide what will be my INTY's diversification pairing. The newly released HHII from Harvest is the strongest candidate as both are pure non-NA international exposure pure plays. And HHII and INTY take two very different positions on international. INTY is the clear winner over HHII when it comes to maximized cashflow - like ~15% vs 28% (and my priority is cashflow). But HHII is far more underlying broadly diversified than INTY. SO... I might add some HHII as it is truly an ANCHOR and INTY is at the bottom of the BOOSTER category. But if I decide to add HHII... it will likely be a 25-75 split HHII INTY... more weight to INTY. Hope this helped others. read more
HHIS has officially been in my portfolio for one full year. After collecting distributions and watching the fund through very different market conditions, I thought it was finally time to sit down and share my honest review. In this video I cover: 📊 My one-year performance 💰 The income HHIS generated 🤔 What surprised me the most 📈 How my investing philosophy has changed over the past year 🔮 My future plans for HHIS I think you'll be surprised by my conclusion. 👇 Watch the full video here: https://www.youtube.com/watch?v=IGMXENMTP_gread more
Currently, $CLSA and $BANK are my two holdings with the highest capital appreciation out of ALL my holdings - stocks, growth ETFs, and covered call ETFs. And the screenshot doesn’t include distributions collected! They are two of my core CC ETFs (anchors - @perryf) and perform amazingly with a consistent and stable distribution. 🏦 🚀
Hard to believe it was one year ago today that @perryf started his YouTube channel!! It’s been an amazing year and I’m looking forward to seeing what you do in your second year.
Thank you to Harvest for inviting Perry and I to celebrate the launch of $HHII It’s not everyday you get to meet up with @marcb@maxstocks, hang out with Paul MacDonald and have breakfast with Michael Kovacs!!!
Thank you to everyone who came out to meet with @perryf and I. We love hearing your stories, especially when it involves retiring early!! I’m going to try and plan a few more in different cities so it will be easier for others to join in!
I get a lot of questions about my income focused investment strategy and aggressive yeild while I’m in my late 20s and still in my accumulation phase. While I am currently focused on building up my distributions my true long term investment strategy is a hybrid approach. What I’m working on right now is a 6 month project that I started at the beginning of June. The goal of this 6 month project is to build up an income portfolio that pays me at least $1000 per month in distributions. At the end of this 6 month project I will stop contributing towards my income portfolio and focus my contributions on XEQT because deep down I’m a firm believer of XEQT and Chill. I will leave the drip on all of the holdings inside my income portfolio and let it continue to do its job on autopilot. My income portfolio will act as a passive income nest egg while my true long term investment strategy will be to accumulate a large position in XEQT. What are your thoughts on this strategy? 🤔
This post is about how smart my wife is compared to me. Disclaimer : she is a growth investor and heavily invested in diversified etfs like $VFV$QQC and $XEQT. After watching me loose so much money on $MSTE for the past year ($200k capital loss), and still remain firm in my conviction, she watched $MSTE like a hawk. When it hit under $2, she decided to pull the trigger. Instead of using her main TFSA to invest, she decided to open a brand new TFSA ACCOUNT and transferred a small amount of $22,000 on my advice lol. This account will be her passive income investing account separate from all other accounts. I will be investing on her behalf with her consent. No new money will be added to this account and only the distributions will be used to diversify into other CC etfs and grow this account as an income engine. As the saying goes learn from others mistakes, she literally learned those hard financial lessons from me and did a flawless execution of $MSTE trade today after consulting me lol🙈. I am really proud of her. It's a bitter sweet feeling, she is already profitable after today's buy whereas I am still in the red and it's like pouring salt over my wounds lol. She bought a little over 12,021 shares of MSTE for only $22,000 with an avg price $1.83. She already has a $300 profit lol. I have almost the same share count of 12,200 shares in my TFSA with an avg cost of $9.65 for $118,000. I have a loss of $95,000🤯🙈🤦. Timing matters alot with single stock cc etfs esp with $MSTE. You can see both the tfsa accounts for proof. The one with the massive loss is mine obviously 🙈. She never has to sell her MSTE position with this low ACB and can easily build her portfolio from here on. I think I help others esp my WIFE make more money than me 😇. Enjoy, have a great weekend. Happy investing.read more
After today's buy, reached a new milestone: 29,483 shares @ $8.48 avg price. So far MSTE haspaid me $45,890 in distributions. Hopefully I can get to 30,000 shares of $MSTE soon. All distributions are reinvested back into more $MSTE shares, when the price is this low. Next goal 50,000 shares of $MSTE. Here we go🎢🎢 let's go for a roller coaster ride wohoooooooo. Hoping for the best outcome once $BTC/$MSTR rips 🚀🚀🚀. @monthlymint did you get to your 60k shares? I have a long way ahead to catch up to your share count @onmargin I couldn't wait, and I was itching to buy, as it was under $2, I woke up and the first thing I did when market opened, I made the purchase lol, the balls were energized hahhahaha lmfao 🙈 @ccetfhope you got some great MSTE buys today. @anbha did you buy more MSTE?? @passiveincomagnet did you buy more MSTE? I know you have a substantial share count with a low cost basis. @garygill did you execute and stack some more on top of your already huge mste stock pile? @adrian_pii I know you are close to 60k shares soon, especially after investing some of your massive tax return. Feel free to share your MSTE share count and avg cost basis in the comments. Wishing all MSTE holders success, fortune favours the brave, you gotta risk it to get the biscuit 💰💰💰💰💰, this coming from some one, who is already 6 figure in the red 🙈🤘🤘🤘 This is not a financial advice, it's finacial entertainment and never follow what I am doing. This is my financial journey which I am openly sharing here with all of you, I am showing the good, the bad and the ugly. read more
July Income: $19,128.55 YTD: $135,802.86 My portfolio managed to break through the 2M mark this month but the with recent pullback, I’m back under that number for now! My current portfolio total return is still above 81% or $912,000 in less than 3 years. I spent a lot of time with fellow blossomers 🌸 with a meet and greet with @perryf and @paulsantori and of course at the Toronto Blossomcon 🌸 event with our 12 strong investor troop. Posts: 2M portfolio milestone Don’t chase yield, let yield chase you The 2 yr financials epiphany Blossomcon 🌸 2026 NAV appreciation and YOC Total returns and CAGR I still continue to buy lower yielding assets with and without CC. With a lot of my assets receiving dividend increases this month, I decided to heavily trim my $AIPI from a satellite position to a micro-position as I like to regulate my monthly income around 19K a month. This lowers my yield and allows me to further diversify my portfolio as the proceeds went into $IDVO. Buy: $ZWT $HEQL $IDVO $UTIL Sell: $AIPI My portfolio is still producing a steady flow of income and growth at the same time 👍 Stay engaged and stay invested 💹 Always do your own research 🧐 and analysis 📊 Please review screenshots below!!!read more
After a lot of thinking (and probably overthinking), I’ve finally settled on an income sleeve that I’ll build over time, but a bit more aggressively up front. It probably doesn’t look like many of the passive income portfolios on Blossom. I don’t own a collection of high yield covered call ETFs or single stock option ETFs, and that’s intentional. My goal isn’t to maximize income today, it’s to build a portfolio that can produce a meaningful and growing income stream over the years. The sleeve has an estimated yield of ruffly 4.8%, with what I hope is a good balance of current income, dividend growth, and diversification. Current target allocations: * $BAM (14%) – The long term compounder. Exceptional capital allocation and dividend growth. * $CAR-UN (13%) – High quality residential REIT with resilient rental demand and the potential for rental income and distributions to grow over time. * $POW (13%) – Financial powerhouse with a growing dividend and diversified earnings. * $EIF (11%) – One of Canada’s better dividend growth stories with an attractive starting yield. * $TGRE (10%) – Global REIT exposure to diversify beyond Canadian real estate. * $XDG (10%) – Global dividend growers to complement my Canadian holdings. * $FRU (8%) – Royalty model providing attractive income with minimal operating risk. * $ZPR (7%) – Preferred shares for stable income and diversification. * $USCC (6%) – U.S. covered call strategy to enhance income while maintaining equity exposure. * $WCP (4%) – Energy exposure backed by disciplined capital allocation and shareholder returns. * $DIV (2%) – Diversified royalties to add another source of monthly income. * $BEP-UN (2%) – Renewable infrastructure with long term contracted cash flows. This isn’t meant to be the highest yielding income portfolio on Blossom. It’s designed to complement the rest of my portfolio, which is already tilted toward factor investing and quality compounders. Will it be perfect? Absolutely not. Investing never offers a perfect answer. But at some point you have to stop optimizing spreadsheets and start investing. My hope is that, over time, this sleeve grows into something meaningful for the people that really matter to me in my life. If it can help offset even a small part of the cost of living on Van. Island while continuing to grow its income over the years, I’ll consider it a success. read more
Covered call ETFs don't just pay distributions. Mine paid off $20,000 of my mortgage this year. 1 year ago when I came across passive income CC ETFs and started studying them, I started my passive income journey in July of 2025 with one of the specific goals in mind : can I use covered call ETF distributions to pay down my mortgage AND grow my TFSA at the same time ? Year 1 : here's the proof of what I achieved in 1 year with quite a conservative approach : 💰 Household portfolio: $1.38M 📊 Combined TFSA: $312,806 : ~95% covered call ETFs 📅 CC ETF income generated: $60,462/year ($5,038/month) completely tax-free inside TFSA Here's what that covered call income did: → $20,000 paid directly to our mortgage principal ($10K from each TFSA, as being first year we're being conservative, probably will increase this next year) → Both TFSAs kept compounding on the remaining CC ETF distributions → Zero units sold. Zero positions liquidated. Just distributions redirected. And here's the trick you can use: By withdrawing $10K in distributions from each TFSA, not selling anything, we created $10K of new contribution room per account. Come January 1, that's $10K restored + $7K annual limit = $17K of fresh TFSA room per person. That $17K goes straight back in. More CC ETFs. More tax-free income. Bigger distributions next year. Pay the mortgage. Grow the TFSA. Increase the room. Repeat every year. This was the goal from day one. Not accidental. Planned, executed, and now repeating. Are you using your CC ETF distributions to create TFSA room strategically, or just letting them sit and reinvest?read more
Telus $T Finally Implodes 🔥🔥🔥🔥 Sometimes you get a tremendous feeling of relief when you sell something at a loss, take the HIT 💥& move on with your mental health intact. I will do this every time if my original investment thesis changes, like it did with Telus Corp. On Dec 1/25, I sold 800 Telus at 18.01 to buy Nexus & Slate Grocery REITs. Took a $2,500 haircut 😬 On Apr6/26, I sold 1,500 Telus at 17.95, cleared the deck and bought 800 $CVE Cenovus Energy at 36.62. Took a $7,000 chopping 😬🤯🤯🤯🤯 Altogether, selling 2,300 shares at $17.97 for a $9,500 loss 🤢🤮🤢🤢🤢🤢 Hanging on would have incurred me with an EXTRA $11,000 loss The upside is that everything I bought with the proceeds of distribution has done well 👍🏻$SGR-UN is under strategic review, $NXR-UN has bounced and $CVE is printing cash 🥂 So yeah, it’s better to lose 9.5k vs 20.5k 🤡🌎 Telus to me is still uninvestable 🫣They have not clearly enunciated how they will reduce debt & the changes to their forward guidance is worst than expected. Will Telus right the ship and become investable again? Probably. But why buy a broken story when you don’t have too? I’m old enough to remember when Telecom stocks were for pensioners, widowers and conservative investors. They turned that whole sector into a place for Bag Holders loaded with Shitcos 😬 My heart goes out to all those investors who bought into this terrible narrative I didn’t just dodge a bullet. I sidestepped a Mortar Round 🤯🤯🤯 Anyone get lucky and bailed on Telus before this Black Friday? read more
I'm diving deeper down the rabbit hole and trying to learn as much as I can. ROC was a hot topic in my last posts so let's dig into it. Turns out there are two types of ROC…..Good and Bad. The bad kind is when YOUR CAPITAL IS GETTING RETURNED TO YOU. This is done when the ETF is unable to meet its target distributions. These ETFs will sell assets in the fund and return them to you as a shareholder in an effort or obligation to maintain that target distribution. Lets look at HHIS as an example: 1 year performance is 17.6% Current Yield is 26.58% How do you pay someone a 26.58% return when your fund only made 17.6%? You return the capital to the investor by selling shares and including the money in their monthly payment. But what happens when you sell shares? The price declines…. That is why HHIS is down 12% over the last year while the S&P is up 16.5%..... HHIS does not make enough money to meet target distributions so they are returning money to shareholders through distributions by selling assets. I have seen a couple of people argue about the tax benefits of this but here is what actually happens. When you receive $1 of ROC on an ETF with a $10 cost basis, that $1 is not taxed as income and instead that $1 reduces your average cost base. What does this mean? You don’t pay tax when you receive the income, you pay tax on it when you sell the shares and your new cost base is $9 instead of $10 And it will only help you in a taxable account, this does nothing for you in a TFSA or RRSP account. So basically, you are paying HIGH management fees to have an ETF move your money around… Now what is GOOD ROC? This is when an ETF hands you a distribution that is legally classified as ROC but it does not erode the funds underlying asset value or NAV. (they didn’t have to sell assets to fund the distribution) Basically these are accounting strategies that allow fund managers to classify real returns as ROC for the tax advantage I mentioned above. They are basically repackaging profits as ROC to save investors on taxes and defer the payments. So how do you tell when it is good or bad? Very simple….. Total returns need to be higher than the distribution. If an ETF pays you 27% but only earns 16%, then YOU are making up the difference and paying an ETF high fees to move your money around and then RETURN IT BACK TO YOU. If you buy Covered Calls, check the TOTAL RETURN vs TARGET DISTRIBUTION before you buy. The longer the time horizon the better. MSTE, ETHY-B, HBTE, HHIS, and BIGY all payout more in distributions than they have returned over the past 2 years...... so if you like high fees, taxes, and lower returns, then these are for you! High distributions are great for marketing but if the fund can't make enough to cover the distributions then I just can't see any scenario where this makes sense for an average investor. Let it rip in the comments and we can keep this routine going! read more
I am very new at cc eft investing (April 2026). Purchased this May 1st of this year. It's down almost 10% at this point. Would you sell or turn on drip suring this down turn? ( I have not been dripping) . I'm still learning and want to know how others work these in their own accounts. None of us are financial advisors I know this.
Covered call ETFs might be the most divisive topic on this app. Half of you are collecting monthly income and loving life. The other half say it's a yield trap that's quietly eating your capital. So instead of picking a side, I spent the week actually researching how $QYLD, $HHIS, $ZWB, $HDIF and friends work under the hood. Sharing what I learned — and where I'm still genuinely unsure 👇 ⸻ 1️⃣ First thing that clicked: the yield is manufactured, not earned 🎯 The fund owns stocks, then sells someone else the right to buy those stocks at a set price (a "call option"). The cash premium it collects is a big chunk of your monthly distribution. The trade-off: if the stocks rip past that price, the fund doesn't participate. It sold that upside. Once I understood this, the whole debate made more sense. It's not free money vs. scam — it's cash today in exchange for growth tomorrow. ⸻ 2️⃣ The distribution isn't all "income" 🧾 This one surprised me. A 12% yield doesn't mean the fund earns 12%. Distributions are a mix of: -Option premiums -Dividends from the underlying stocks -Sometimes return of capital (ROC) — some of your own money coming back to you From what I've read, ROC isn't automatically bad (can even be tax-efficient in Canada), but if a fund keeps paying out more than it earns, the NAV grinds down over time. That's the "NAV decay" everyone argues about. The gut check I've started using: pull up the max chart of the fund's PRICE, not total return. If it only goes down and to the right… the yield is partly being funded by capital. 📉 ⸻ 3️⃣ The total return numbers were the eye-opener 📊 $QYLD holders collected 10%+ yields for a decade. Sounds amazing. But people who just held $QQQ ended up way ahead on total return (price + distributions), because markets make most of their money in a handful of big up-months — exactly the months covered calls cap. That said… QYLD holders also had a smoother ride and got paid through every drawdown. Which brings me to 👇 ⸻ 4️⃣ Where I've landed (so far): it depends what job the money has ✅ The "covered calls are a trap" crowd seems right IF you're young, accumulating, and DRIPing distributions back in — you're paying 0.65–1%+ MER to convert growth into income you don't need yet. The income crowd seems right IF you're retired or actually spending the cash flow — getting paid without selling shares in a down market is a real psychological and practical benefit. So maybe both sides are correct… for their own situations? 🤔 ⸻ 5️⃣ My checklist before I'd buy one 🕵️ Still learning, but here's what I'm now checking on any covered call fund: -Distribution breakdown — premium vs. dividends vs. ROC (fund's website) -Total return vs. the plain underlying index over 3–5 years -NAV trend — stable, or melting? -MER — often 3–10x a plain index ETF -Coverage — 100% covered, or partial (~50% like some BMO funds) that keeps some upside? -Leverage — some funds (like $HDIF) layer on ~25% leverage. Bigger yield, bigger risk. ⸻ Where I'm still stuck 🚀 The question I keep coming back to: "Do I want to be paid now, or paid more later?" I don't think either answer is wrong — but I want to actually choose it, not just chase the biggest number on the yield screen. ⸻ So, to both camps: what am I missing? 👇 If you hold CC ETFs — what convinced you, and has the income held up? If you avoid them — is there ANY situation where you'd own one? Genuinely want to hear both sides. That's why I'm here 🌸 Not advice — just my research notes. DYOR!read more
I was accused of cherry picking my data about Return Of Capital when talking about covered calls in my recent posts. Truth is, I am still trying to learn as much as I can about this topic and I am just sharing what I am learning. But maybe they were right..... so lets dig into the data..... I looked at the 100 most bought ETFs here on Blossom using the Markets section and separated out all of the covered call ETFs. That left me with a list of 28 covered call ETFs so I built a chart that listed each ETF's distributions over the past 24 months or since inception, and compared it to the Total Return. This is the strategy used to figure out if the Distribution is eroding the Net Asset Value. Basically it means your money is just coming back to you in order to maintain the distribution yield if the total return is less than the distribution. This is not good and would be considered a bad form of ROC (Return of Capital) because you are basically paying fees for somebody to send your investment back to you. Here are the results: Over the past 24 months or since their inception date, 11 out of the 28 Covered Call ETFs have had destructive NAV and Bad ROC meaning that they are just returning your money back to you. MSTE (TSX) – Harvest MicroStrategy Enhanced High Income: -91.5% Total Return | 158.2% Annualized Yield (Since Inception | Destructive ROC Gap: +249.7%)* MSTY (US) – YieldMax MSTR Option Income Strategy: -74.2% Total Return | 94.5% Annualized Yield (Since Inception | Destructive ROC Gap: +168.7%)* ULTY (US) – YieldMax Ultra Option Income Strategy: -42.8% Total Return | 88.6% Annualized Yield (Since Inception | Destructive ROC Gap: +131.4%)* TSLY (US) – YieldMax TSLA Option Income Strategy: -38.5% Total Return | 54.4% Annualized Yield (2-Year History | Destructive ROC Gap: +92.9%) CONY (US) – YieldMax COIN Option Income Strategy: -12.4% Total Return | 68.2% Annualized Yield (2-Year History | Destructive ROC Gap: +80.6%) TSLY (TSX) – Harvest Tesla Enhanced High Income: -8.1% Total Return | 32.5% Annualized Yield (2-Year History | Destructive ROC Gap: +40.6%) YTSL (TSX) – Purpose Tesla Yield Shares ETF: -2.5% Total Return | 31.2% Annualized Yield (2-Year History | Destructive ROC Gap: +33.7%) HBTE (TSX) – Harvest Bitcoin Leaders Enhanced Income: +14.1% Total Return | 34.8% Annualized Yield (Since Inception | Destructive ROC Gap: +20.7%)* HHIS (TSX) – Harvest Diversified High Income Shares: +11.2% Total Return | 30.1% Annualized Yield (Since Inception | Destructive ROC Gap: +18.9%)* PLTE (TSX) – Harvest Palantir Enhanced High Income: +32.6% Total Return | 34.2% Annualized Yield (Since Inception | Destructive ROC Gap: +1.6%)* ETHY (TSX) – Purpose Ether Yield ETF: +18.2% Total Return | 19.1% Annualized Yield (2-Year History | Destructive ROC Gap: +0.9%) BTCY (TSX) – Purpose Bitcoin Yield ETF: +24.8% Total Return | 21.8% Annualized Yield (2-Year History | Sustainable ROC Gap: -3.0%) ENCL (TSX) – Global X Enhanced Cdn Oil & Gas: +21.5% Total Return | 12.4% Annualized Yield (2-Year History | Sustainable ROC Gap: -9.1%) NVDY (US) – YieldMax NVDA Option Income Strategy: +68.5% Total Return | 58.5% Annualized Yield (2-Year History | Sustainable ROC Gap: -10.0%) QQCL (TSX) – Global X Enhanced NASDAQ-100: +28.4% Total Return | 11.8% Annualized Yield (2-Year History | Sustainable ROC Gap: -16.6%) QDAY (TSX) – Hamilton Enhanced Technology DayMAX: +38% Total Return | 19.5% Annualized Yield (Since Inception | ROC Gap: -18.5%)* QQQI (US) – NEOS Nasdaq 100 High Income ETF: +32.2% Total Return | 13.6% Annualized Yield (2-Year History | Sustainable ROC Gap: -18.6%) BIGY (TSX) – Evolve US Equity UltraYield ETF: +33.5% Total Return | 11.2% Annualized Yield (2-Year History | Sustainable ROC Gap: -22.3%) UTES (TSX) – Evolve Canadian Utilities Enhanced: +31.0% Total Return | 8.5% Annualized Yield (2-Year History | Sustainable ROC Gap: -22.5%) USCL (TSX) – Global X Enhanced S&P 500 Covered Call: +35.8% Total Return | 10.5% Annualized Yield (2-Year History | Sustainable ROC Gap: -25.3%) ECHI (TSX) – Ninepoint Enhanced Canadian HighShares: +36.2% Total Return | 10.1% Annualized Yield (2-Year History | Sustainable ROC Gap: -26.1%) YNVD (TSX) – Purpose NVIDIA Yield Shares ETF: +58.4% Total Return | 28.4% Annualized Yield (2-Year History | Sustainable ROC Gap: -30.0%) HDIF (TSX) – Harvest Diversified Monthly Income: +41.0% Total Return | 10.2% Annualized Yield (2-Year History | Sustainable ROC Gap: -30.8%) ZWC (TSX) – BMO Canadian High Dividend Covered Call: +38.5% Total Return | 6.3% Annualized Yield (2-Year History | Sustainable ROC Gap: -32.2%) HYLD (TSX) – Hamilton Enhanced U.S. Covered Call: +46.2% Total Return | 12.0% Annualized Yield (2-Year History | Sustainable ROC Gap: -34.2%) BANK (TSX) – Evolve Canadian Banks Enhanced Yield: +48.5% Total Return | 10.2% Annualized Yield (2-Year History | Sustainable ROC Gap: -38.3%) HMAX (TSX) – Hamilton Canadian Financials Yield: +51.2% Total Return | 10.9% Annualized Yield (2-Year History | Sustainable ROC Gap: -40.3%) HDIV (TSX) – Hamilton Enhanced Multi-Sector: +59.8% Total Return | 10.8% Annualized Yield (2-Year History | Sustainable ROC Gap: -49.0% | Best ROC) It looks like single stock ETF's generally have the worst ROC of the bunch. Seems like they take the full downside when a stock falls and the options limit the upside in exchange for cash flow. Broad Multi-Sector funds targeting 8-12% distributions seem the most sustainable as they provide both upside in appreciation but also sustainable distributions that do not erode the fund. The best overall performers were HDIV HMAX HYLD and BANK As far as I can tell it looks like almost half of the most popular covered call ETF's on Blossom are sending your own money back to you..... with fees and sometimes taxes..... And I can't find a single ETF in this list where the covered call version has outperformed the same asset without covered calls. I love the idea of income, especially if it is needed for monthly expenses but it just makes me think that what we really need is for Wealthsimple and Questrade to launch an Automated Withdraws feature in a way that would give investors a similar result without the fees and upside limits of Covered Call ETFs. What are your thoughts? If you could setup automated withdraws in a way that worked similar to receiving a distribution from a covered call ETF would that be an appealing option to covered call investors? What am I missing? PS. If someone (including me) is wrong about something, kindly point out the mistake and the correct information. Dont be a prick. **Updated to correct for QDAY read more
