Leveraged covered call ETFs.
Funds that borrow to hold more covered-call exposure than the cash put in — the highest yields on the list, and the largest drawdowns.
| # | Symbol | Sector | Leveraged | Price | Per month | Yield | Total return |
|---|---|---|---|---|---|---|---|
| 1 | HYLD | US Multi-Sector | 11.54% | $16.05 | $0.1630 | 11.54% | 72.9% |
| 2 | HDIV | Canadian Multi-Sector | 9.24% | $23.82 | $0.1930 | 9.24% | 142.6% |
2 funds, as at 2026-08-10. 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 verified. See who runs these funds.
What this measures
These hold a basket of covered-call funds and borrow about 25% on top, so every distribution the underlying funds pay arrives on roughly $1.25 of exposure per dollar invested. That is where the extra yield comes from: not a better strategy, more of the same one.
What it does not tell you
Leverage is symmetrical and the borrowing is not free. It multiplies the fall as reliably as the distribution, the interest is paid whatever the market does, and the fee you actually bear is the fund’s own plus the fees of everything it holds — which is why these carry an effective figure rather than a headline one. In a sustained decline this is the worst place on the list to be.
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.