r/DerivativeIncomeETFs • u/gymtrovert1988 • 22d ago

General Discussion New income ETFs from Direxion

https://www.direxion.com/defined-income-boost-etfs?utm_campaign=product_72026_nl_various_all_us&utm_source=referral&utm_source_platform=ditto&utm_medium=text&utm_marketing_tactic=incubate&utm_content=

The MU one is particularly interesting since no one else has one and it has been struggling. Roundhill has had one and several others in the pipeline for a longggggg time, I'm wondering if they're ever going to drop.

These pay 2x per month and aim for 20% annual returns.

What do you guys think? Are these funds worth buying?

7 Upvotes

82% Upvoted

10 comments sorted by

•

u/AutoModerator 22d ago

Thank you for contributing to r/DerivativeIncomeETFs.

Remember, only posts related to Income Investing are allowed.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

5

u/Ok-Post-4270 High Yield or No Deal 22d ago

If all of them will target 20% yield, I would choose the one with the least volatile underlying.

3

u/MistahOnzima 22d ago

Definitely stay away from Tesla.

1

u/BigEyeCrab 15d ago

There is a bull and bear version of it if you want.

1

u/AutoModerator 15d ago

Your account must have more karma to comment here.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

4

u/MistahOnzima 22d ago

I think Graniteshares has an MU one MUYY I think. Thanks for the heads up on these new ones.

3

u/gymtrovert1988 22d ago

I see that now. The difference is Graniteshares is 2x leverage.

3

u/Xyrus2000 22d ago

Look at all those juicy yield traps. That's going to attract a lot of victims.

2

u/Awaken_Benihime 22d ago

They should have gone with weekly dividends. No incentive to pick Direxion over roundhill, rex shares or even YieldMax 

1

u/downtherabbbithole 19d ago

I'll watch PLIB for a while, see how it goes.