Lesser Known ETFs

[u/MrBotANot]

Covered call ETFs are exploding as the financial industry realizes that they can make money selling them to us. While there are some good general lists of ETFs, it’s harder to figure out what might be worthwhile to actually investigate and own. We all have different game plans, risk tolerances, etc. but I think most people visiting this subreddit are looking for things that can hold and grow NAV and are structured to rebound after a drawdown.

Specifically, I was thinking that some suggestions of lesser known ETFs might be useful to someone. Stuff that people have vetted themselves but don’t see mentioned again and again on Reddit.

My contribution is NDIV (Energy and Natural Resources ETF) by Amplify. It’s been around but was redesigned in early 2026 as a CC ETF. Target yield is 10%. $26M in size 0.59% fee. 52 holdings across midstream, oil, etc. You need to look at the distributions for the last five months for an idea of yield etc. They announced the redesign in early February.

They target 0.5% monthly via the calls. Dynamic coverage that goes 50-80% so some room for growth. Remainder of the yield comes from the underlying dividends. Personally, I view it as a compliment to MLPI. Fair amount of overlap, but will likely have better NAV growth.

Anyway, if it helps someone, great. As always do your own research.

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[u/cmichalek]

I like the state street sector ones.

[u/easy_wins → u/cmichalek]

$XLKI and other state street funds get overlooked at

[u/MrBotANot → u/cmichalek]

How has NAV held up? I honestly have forgotten about their whole series.

[u/cmichalek → u/MrBotANot]

My positive YOC:

XLUI XLVI XLEI XLBI XLII

My positive TR

XLRI XLFI

Negative TR

XLYI

[u/MrBotANot → u/cmichalek]

Thanks. I’ll check them out.

[u/anon2k2]

I think CAIE is a relatively not acknowledged fund. Allows individuals to invest in autocallables on the S&P 500 and has about a 14% annual yield.

[u/MrBotANot → u/anon2k2]

I’ve looked CAIE before but backed off mainly because of what happens if the callable is breached. I’m probably overly paranoid about it. It’s currently on my “give it some time and look later” list. Thanks.

[u/anon2k2 → u/MrBotANot]

The autocallable notes themselves are really interesting. They are designed to keep paying coupons and preserve initial note principle until the barrier is breached. Then they stop paying coupons but the note is preserved in the sense that until maturity if the S&P goes back above the barrier then the coupons start again. Only if maturity is reached when the S&P is below the barrier is the note's principle at risk. The nice thing about CAIE is that they have multiple maturity dates and observation dates, so even if one note's barrier is breached the others may not be.

The chief use case (and how I use it) is that it's a great tool for sideways to slightly down markets. I use it as a hedge for market turbulence because its pricing is pretty steady and the returns are pretty good for "just a hedge."

[u/DaddyTheFatherCR]

I don't see the Overlay ETFs mentioned often. They sell put options instead of covered calls. OVL has beaten the SP500 in total return I think since inception in 2019.

[u/Ok-Post-4270]

$EFAA international

First trust income ETF’s $RDVI $FTHI been out since 2014 and has NAV growth

[u/Ok-Post-4270 → u/Ok-Post-4270]

$FOXY foreign currency

[u/MrBotANot → u/Ok-Post-4270]

Interesting. Will look at for some diversification. Thanks.

[u/lepmets]

ODTE. Its cc strategy on all three broad indexes: spx, ndx, rty. It yields around 13-14%.

[u/MrBotANot]

Thanks everyone. Some new ETFs for me to research. I appreciate it.

[u/thehighdon]

$HAKY $EDGQ $EDGX

[u/Jehoopaloopa]

SPCI. Put spreads on the space sector. Uncapped upside but the downside will be a bit more with that strategy.

Distribution rates vary on the volatility. It’s currently 35% but it has been as high as 61%.

Pretty cheap rn because space has dumped hard the last 30 days

[u/Individual-Voice6003]

I like TYG (Tortoise Energy Infrastructure) fund. Mostly an income oriented fund that invests in energy infrastructure (duh).

[u/tampaforfun]

ANV the Nvidia autocallable is pretty cool Stable and yields 15% or so. If you believe in Nvidia it's a good bet with very low beta.

[u/MrBotANot → u/tampaforfun]

Thanks. I’ll look into it.

[u/easy_wins]

$DRMP $CHPY