由美国资产经理Ildmax管理的高股息交易所基金（ETF）今年捍卫特斯拉的股价下跌仅3个百分点。

另一方面，Palantir覆盖的呼叫ETF错过了24个百分点的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.

由美国资产经理Ildmax管理的高股息交易所基金（ETF）今年捍卫特斯拉的股价下跌仅3个百分点。另一方面，Palantir覆盖的呼叫ETF错过了24个百分点的Palantir收益。

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

截至25日（当地时间），特斯拉从今年年初下降了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.

在同一时期，“ Fardmax Tesla期权收入策略（TSLY）的总回报率（股息再投资）为21.06％。考虑到股息收入的税收，据分析，投资者几乎不能捍卫股票价格下跌。

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根据Tesla Call Opearing销售保费支付了100％的年度股息。但是，由于TSLY的股价本身今年下降了38％，“底部缓冲效应”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.

使用相同产品结构的“ fardmax palantir期权收入策略（PLTY）的总回报率今年记录了25.92％。在同一时期，Palantir上升了约50％，大约是Plty的两倍。

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).

在同一时期，“产量MAX MSTR收入策略（MSTY）的总回报率为16.71％，低于今年的MSTR回报率为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.

揭示了当股票价格上涨一定金额时，覆盖的呼叫ETF的特征已被揭示。

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.

一些产品的下降速度比基础资产更高。 “产玛克斯硬币期权收入策略（CONY）在同一条件下，产量max ETF的Seohak蚂蚁存储量最高，但在相同的条件下下跌了19.13％。但是，Coinbase股票下跌了18.49％，以击败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%).

与年初相比，“ endartmax nvidia期权收入策略（NVDY）”总回报率为21.48％，超过了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高级股息ETF的投资者将无法抵御不利的一面，并严重错过了上升利润。

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."

寻求Alpha的美国投资媒体批评：“ Ildmax的高股息ETF（例如Tsly）将高股息用作陷阱，并补充说：“实际上，当股价上涨时，大多数利润都会降低，即使在下跌时，它们也无法抵消损失。”

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

分析师说，这是因为不可持续的管理策略（例如扣除投资本金）用于筹集过高的股息基金。

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."

金融投资行业的一名官员指出：“由于投资本金可能会比股息降低更多，因此Fardmax的涵盖呼叫ETF不适合股息再投资方法。”