XYLD vs GPIX vs ISPY: We Compared 3 Ways to Sell Covered Calls on the S&P 500, and the Highest Yield Is Not the Best Deal

XYLD vs GPIX vs ISPY: We Compared 3 Ways to Sell Covered Calls on the S&P 500, and the Highest Yield Is Not the Best Deal

Three S&P 500 covered-call ETFs promise income from the same underlying index, but their wildly different strategies produce returns that would shock anyone who chose a fund based on yield alone.