It can't perform any better, it is a covered call ETF that does not trade shares from the index but call options on the index. It therefore does not benefit from positive price developments, the maximum return is limited and the focus is on regular small gains and steady cash flow. In years such as 2024, it always lags behind the "market"; in sideways markets or with only very moderate growth, the situation is different. If you want to participate in the performance of the NASDAQ100, then this is the wrong ETF. If you want regular cash flow, then it is the right choice
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@Dividendenopi perfect explanation
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