Covered call ETFs.
Funds that sell call options against the shares they hold and pay out the premium — the reason these yields are so much higher than the market.
| # | Symbol | Sector | Yield | Price | Per month | Yield | Total return |
|---|---|---|---|---|---|---|---|
| 1 | UMAX | Utilities | 14.10% | $13.25 | $0.1500 | 14.10% | 26.3% |
| 2 | LMAX | Healthcare | 12.35% | $13.89 | $0.1420 | 12.35% | 16.8% |
| 3 | HYLD | US Multi-Sector | 11.59% | $15.98 | $0.1630 | 11.59% | 70.4% |
| 4 | HMAX | Financials | 10.96% | $18.14 | $0.1680 | 10.96% | 81.8% |
| 5 | AMAX | Gold | 10.58% | $30.53 | $0.2850 | 10.58% | 143.6% |
| 6 | RMAX | REITs | 10.36% | $16.85 | $0.1480 | 10.36% | 28.9% |
| 7 | EMAX | Energy | 10.26% | $16.82 | $0.1430 | 10.26% | 41.4% |
| 8 | SMAX | US Equity | 9.82% | $22.94 | $0.1980 | 9.82% | 93.7% |
| 9 | QMAX | Technology | 9.76% | $25.80 | $0.2260 | 9.76% | 123.0% |
| 10 | HDIV | Canadian Multi-Sector | 9.30% | $23.66 | $0.1930 | 9.30% | 139.1% |
10 funds, as at 2026-08-04. This ranks what is covered here, not every fund on the market — issuers are added one at a time after their published data has been audited. See who runs these funds.
What this measures
A covered call is an option the fund sells against shares it already owns. The buyer gets the right to buy those shares at a set price; the fund keeps the premium either way and passes most of it on as distributions. That is where a 10% yield comes from when the underlying shares yield 3%.
What it does not tell you
The premium is not free. It is sold in exchange for the gains above that strike price, so these funds tend to hold up in flat and falling markets and lag badly in strong ones. Judge them on total return over a full cycle, not on yield.
Rankings are a starting point.
What matters is what your holdings paid you, on your cost base — track every distribution against the trades you actually made.