2Settimana·

JPMorgan ETF vs. benchmark

Why is the JPMorgan ETF underperforming? $JEGP (-0,68%)
$VWRL (-0,05%)

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 Commenti

KingC@RaphGM

2Settimana

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

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Banana M.@Banana_Millionaire

2Settimana

@RaphGM probably mean per year 😉

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KingC@RaphGM

2Settimana

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

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Nico@_Harry_

2Settimana

🙏🏻

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Fortunus@Quiny

2Settimana

@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

1Settimana

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

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Fortunus@Quiny

1Settimana

@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

1Settimana

@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

2Settimana

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

2Settimana

@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

2Settimana

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_

2Settimana

@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

2Settimana

@_Harry_ I wrote nothing else.

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Stulle 🥪@Stullen-Portfolio

2Settimana

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

Greetings
🥪

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