由美國資產經理Ildmax管理的高股息交易所基金（ETF）今年捍衛特斯拉的股價下跌僅3個百分點。

另一方面，Palantir覆蓋的呼叫ETF錯過了24個百分點的Palantir收益。

The high dividend exchange-traded fund (ETF), managed by U.S. asset manager Ildmax, was found to have defended Tesla's stock price decline by just 3 percentage points this year. On the other hand, the Palantir Covered Call ETF missed the Palantir gain by 24 percentage points.

由美國資產經理Ildmax管理的高股息交易所基金（ETF）今年捍衛特斯拉的股價下跌僅3個百分點。另一方面，Palantir覆蓋的呼叫ETF錯過了24個百分點的Palantir收益。

As of the 25th (local time), Tesla fell 24.87% from the beginning of the year.

截至25日（當地時間），特斯拉從今年年初下降了24.87％。

During the same period, the return on total return (reinvestment of dividends) of "Yieldmax Tesla Option Income Strategy (TSLY)" was minus 21.06%. Considering the taxation of dividend income, it is analyzed that TSLY investors have hardly defended the decline in stock prices.

在同一時期，“ Fardmax Tesla期權收入策略（TSLY）的總回報率（股息再投資）為21.06％。考慮到股息收入的稅收，據分析，投資者幾乎不能捍衛股票價格下跌。

TSLY pays investors a 100% annual dividend based on the Tesla call option selling premium. However, the "bottom buffer effect" was minimal as TSLY's stock price itself fell 38% this year.

TSLY根據Tesla Call Opearing銷售保費支付了100％的年度股息。但是，由於TSLY的股價本身今年下降了38％，“底部緩衝效應”是最小的。

The total return on "Yieldmax Palantir Option Income Strategy (PLTY), which uses the same product structure, recorded 25.92% this year. During the same period, Palantir rose about 50%, about twice as high as PLTY.

使用相同產品結構的“ fardmax palantir期權收入策略（PLTY）的總回報率今年記錄了25.92％。在同一時期，Palantir上升了約50％，大約是Plty的兩倍。

During the same period, the total return on "Yieldmax MSTR Income Strategy (MSTY)" was 16.71%, which was below this year's return of 22.9% on MSTR (Strategy).

在同一時期，“產量MAX MSTR收入策略（MSTY）的總回報率為16.71％，低於今年的MSTR回報率為22.9％（策略）。

The characteristics of covered call ETFs, which give up excess gains when stock prices rise above a certain amount, have been revealed.

揭示了當股票價格上漲一定金額時，覆蓋的呼叫ETF的特徵已被揭示。

Some products recorded a higher rate of decline than underlying assets. "Yieldmax Coin Option Income Strategy (CONY), which has the highest amount of Seohak Ant storage among Yieldmax ETFs, fell 19.13% under the same conditions. Coinbase shares, however, fell 18.49% to beat CONY.

一些產品的下降速度比基礎資產更高。 “產瑪克斯硬幣期權收入策略（CONY）在同一條件下，產量max ETF的Seohak螞蟻存儲量最高，但在相同的條件下下跌了19.13％。但是，Coinbase股票下跌了18.49％，以擊敗Cony。

The "Yieldmax Nvidia Option Income Strategy (NVDY)" also had a negative 21.48% return on total return compared to the beginning of the year, surpassing the Nvidia decline (-19.73%).

與年初相比，“ endartmax nvidia期權收入策略（NVDY）”總回報率為21.48％，超過了NVIDIA下降（-19.73％）。

It is pointed out that investors in the Ildmax high dividend ETF will fail to defend against the downside and miss the upside profit significantly.

可以指出的是，Ildmax高級股息ETF的投資者將無法抵禦不利的一面，並嚴重錯過了上升利潤。

U.S. investment media Seeking Alpha criticized, "Ildmax's high dividend ETFs such as TSLY use high dividends as a trap," adding, "In fact, most of the profits are missed when stock prices rise, and even when they fall, they fail to offset losses."

尋求Alpha的美國投資媒體批評：“ Ildmax的高股息ETF（例如Tsly）將高股息用作陷阱，並補充說：“實際上，當股價上漲時，大多數利潤都會降低，即使在下跌時，它們也無法抵消損失。 ”

Analysts say this is because unsustainable management strategies such as deducting investment principal are used to raise excessively high dividend funds.

分析師說，這是因為不可持續的管理策略（例如扣除投資本金）用於籌集過高的股息基金。

An official from the financial investment industry pointed out, "Yieldmax's covered call ETF is not suitable for the dividend reinvestment method as the investment principal may fall more than the dividend."

金融投資行業的一名官員指出：“由於投資本金可能會比股息降低更多，因此Fardmax的涵蓋呼叫ETF不適合股息再投資方法。”