1Semana·

JPMorgan ETF vs. benchmark

Why is the JPMorgan ETF underperforming? $JEGP (-0,34 %)
$VWRL (-0,49 %)

Covered call strategy limits price gains:

The ETF cannot fully participate in strongly rising markets as the option premiums cap the price gains.

Defensive structure in a falling market does not help here:

The decline in March/April was sharp - apparently the option strategy was also unable to cushion the losses. cushion the losses.

Dividends are not visibly taken into account:

The real effect on earnings (e.g. through distributions) could be higher, but is not fully not fully priced into the share price priced into the share price.

14 Comentarios

KingC@RaphGM

1Semana

You can't collect 8% dividends per year and expect to outperform the market. 🤷

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Banana M.@Banana_Millionaire

1Semana

@RaphGM probably mean per year 😉

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KingC@RaphGM

1Semana

@Banana_Millionaire yes, that's exactly what I meant 😅
Corrected, thank you!

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Nico@_Harry_

1Semana

🙏🏻

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Fortunus@Quiny

@RaphGM Yes, that's exactly what $WINC is designed for. At least roughly the same performance as the market + approx. 9% distribution per year.

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KingC@RaphGM

@Quiny And already 9% behind $IWRD...😬

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Fortunus@Quiny

@RaphGM No, definitely not. They are both close to 100% with the same performance. There are fluctuations in the meantime and another of the two is always ahead. But the difference is <1% in both directions

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KingC@RaphGM

@Quiny Correct if you reinvest the dividend, but more dividends also mean more tax friction.

But in the end it's a question of choice and strategy what you want to pursue.

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Yieldrology@Yield-Ahead

1Semana

Sorry, but it doesn't make the slightest bit of sense to compare this actively managed ETF with an uncapped all-world ETF. Its benchmark is perhaps (!) an MSCI World Minimum Volatilty ETF $MVOL. What do you want to achieve with your contribution?

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Orange@trader_6666

@RaphGM If you look at last year's past figures, then yes. Even including dividends, $JEGP is behind the MSCI World.

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Oktoberfest@Oktoberfest

The ETF is in USD, which has lost almost 14% in value. Where is it supposed to come from?

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Nico@_Harry_

@Oktoberfest if it is quoted in USD, then it has not lost value... the loss from FX is only due to the fact that the reference currency has performed better or worse.

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Oktoberfest@Oktoberfest

@_Harry_ I wrote nothing else.

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Stulle 🥪@Stullen-Portfolio

Since when do you need a rational reason for your fetish? 🤷😉

Greetings
🥪

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