Introduction
2023 was a year that took many by surprise, including myself.
The S&P 500 Index (NYSE:SPY) returned a total of 26.3% — carried higher by the outperformance of the Magnificent Seven. However, this 26.3% total return didn’t come without a fair share of volatility — as the S&P 500 Index fell -10% over a three-month period during the latter half of 2023.
With that being said, there are many investors (including myself) who would prefer a more stable and predictable return — with income in mind.
In this post, I’m going to compare the total return of the three most popular S&P 500 Index covered call ETFs in an effort to better understand why the JPMorgan Equity Premium Income ETF (NYSE:JEPI) performed so poorly in 2023 — as well as make a prediction for 2024.
2023 In Review
If you’re an income investor like me, your portfolio is anchored by covered call…
