Bullish on $USCL: still beats plain S&P on total returns — covered-call leverage keeps upside.
USCL is outgaining VFV on total returns in the same tracked period, because the covered-call structure with leverage is still leaving enough upside behind to beat the plain S&P 500 ETF.
Within the June 30, 2024 to March 31, 2026 time frame, USCL is outperforming VFV itself, which directly contradicts the idea that covered calls can’t produce growth. The takeaway is that total-return comparisons matter more than looking at price-only charts for this strategy.
"Top Income Covered Call ETFs in Canada Monthly Update: May 2026 - Ep.73"