$Invesco Nasdaq 100 ETF(QQQM.US), $iShares Nasdaq 100 ETF(IQQ.US), and $NEOS Nasdaq-100(R) High Income ETF(QQQI.US) all saw slight declines, while $Magnificent Seven ETF - Roundhill(MAGS.US) fell slightly less.
Products with different packaging but the same basket of assets retreated together; the difference in magnitude mainly comes from portfolio concentration: the Magnificent Seven basket lacks mid- and small-cap semiconductors, so it avoided a hit from the storage chain.
The high-yield version relies on call option premiums as a buffer; it has smaller drawdowns when falling unilaterally but underperforms during rebounds. Choosing it is equivalent to choosing cash flow and giving up elasticity.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
