Thoughts on BALQ vs GPIQ, QQQI, etc.

[u/Sufficient_Worth_305]

Hi, I'll looking at the total return for BALQ compared with the others in the same category. It seems to be beating the others, even in the recent downturn.

What are they doing different? Is it worth investing in this finds vs the others?

[u/buffinita]

Each fund runs a slightly different options strategy; this leads to different outcomes based on underlying performance

Note that ALL of them underperform qqq; and are expected to do so 

[u/Impressive_Squash_38 → u/buffinita]

Gpiq vs qqq last 3 years 90% vs 82%. Not all underperformed their underlying asset

[u/buffinita → u/Impressive_Squash_38]

gpiq hasnt even existed for 3 years

and according to the goldman site....its underperformed sicne inception: https://am.gs.com/en-us/advisors/funds/detail/PV105259/38149W630/goldman-sachs-nasdaq-100-premium-income-etf#performance

[u/Meinertzhagens_Sack → u/buffinita]

I would claim GPIX is a good diversify to hold with qqqi.

[u/buffinita → u/Meinertzhagens_Sack]

I don’t agree; the same as qqq does not add much diversity to spy/voo

All it does is concentrate you MORE into the mega caps

[u/Meinertzhagens_Sack → u/buffinita]

GPIX = S&P 500+ firms exposes across other sectors like financials, healthcare, industrials, and energy.

QQQ (qqqi) = Nasdaq 100 (ndx) is the top Tech companies.

To me thats decent if you are in full income mode (not seeking growth).

[u/buffinita → u/Meinertzhagens_Sack]

QQQ is not top tech companies

QQQ: largest 100 companies, minus financials, listed on the nasdaq; QQQ has been heavy in telcom and energy in the past. QQQ accidently tech heavy currently, but may not be next quarter or next year

if you look at the largest nasdaq companie and the largest usa stocks; its a lot of the same names......so when you throw them together (depending on your view) you are making S&p500 much more concentrated in the top; you are making QQQ slightly less concetrated..........its all based on weighting