NUSINEOS Nasdaq-100 Hedged Equity Income ETF
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100® Index and a put spread options collar on the Nasdaq-100. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in securities, or derivative instruments linked to securities, of companies that are included in the fund’s reference index. It is non-diversified.
Neos Funds · Since 2019 (6 years)
0.68%
#3230 out of 5,332 ETFs
$324M
#1755 out of 5,332 ETFs
7.61%
6 years
#2067 out of 5,332 ETFs
Performance
1 Year
+21.4%
3 Years
+61.9%
5 Years
+32.0%
What's inside
Top holdings
Risk profile
9.9%
Moderate
-26.9%
Worst peak-to-trough loss
0.94
Decent risk-adjusted returns
6.50
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05