Bullish on $ZWT: pure-tech covered-call total-return winner — fewer covered calls for growth assets.
ZWT is the technology covered-call winner on total return in the pure-tech bucket, because it appears to run the least covered calls relative to peers that are benefitting from long-duration growth.
ZWT is positioned as the top total-return performer among the pure technology cover-call ETFs, and the explanation is that the strategy is likely doing fewer covered calls on tech that can grow a lot over time. The focus is explicitly total return, not yield, and ZWT’s lower yield is presented as a tradeoff for the higher total-return outcome.