HYLD, USCL, JEPI: 8-Fund S&P 500 Showdown (October Edition)

Which Canadian S&P 500 covered call ETF actually delivers real income without destroying your capital? In this October edition of our S&P 500 Showdown, we break down 8 of the most popular covered call funds in Canada—including HYLD, USCL, SMAX, ESPX, USCC, FEPY, EQCL, and JEPI. We put these funds through a complete head-to-head comparison: analyzing yield spreads ranging from 7.1% to 12.5%, examining call writing mechanics, comparing management fees, evaluating real NAV erosion risks, and running a $10,000 backtest to reveal the actual cash paid versus capital preservation. 00:00 - Disclaimer 00:12 - 8 Funds Compared 02:00 - The Option Trade-Off 03:16 - The NAV Trap 04:25 - 3 Fund Structures 05:34 - 100% vs 50% Call Bets 07:00 - 25% Leverage & FX Risk 08:21 - 30%+ Tech Weight Risk 09:42 - 0.65% vs 1.5%+ True Fees 11:11 - 2026 Year-to-Date Winners 12:12 - 1-Yr & 3-Yr Returns 13:29 - $10,000 Head-to-Head 14:48 - Who Paid Most Cash? 16:02 - Capital Decay Test 17:23 - Worst Drawdowns (-15%+) 18:43 - 7.1% vs 12.5% Yields 19:53 - Double-Digit Yield Risk 20:50 - 5-Point ETF Scorecard 22:29 - Top Pick for Your Risk 24:30 - The #1 Final Verdict 26:18 - Outro Legal Disclaimer Educational Purposes Only & No Advisory Relationship The content provided in this video by The Passive Growth Duo is strictly for educational, informational, and entertainment purposes only. We are not registered financial advisors, certified financial planners, portfolio managers, accountants, or tax professionals with the Canadian Investment Regulatory Organization (CIRO), the Canadian Securities Administrators (CSA), the Ontario Securities Commission (OSC), the Canada Revenue Agency (CRA), or any other provincial, territorial, or federal regulatory authority. Viewing this content does not create an advisor-client, fiduciary, or professional relationship of any kind. No Advice or Suitability Determination Nothing in this video constitutes personalized financial, investment, legal, tax, or accounting advice, nor does it constitute a recommendation, endorsement, or solicitation to buy, sell, or hold any security, ETF, cryptocurrency, or financial instrument. Content is generalized and does not account for your specific financial situation, risk tolerance, investment horizon, or personal goals. Investment Risks & Performance Investing in securities involves significant financial risk, including the volatility of principal and the potential loss of your entire investment. Past performance, historical yields, and back-tested results are not indicative of, or guarantees of, future returns. Accuracy Disclaimer & Limitation of Liability While we strive for accuracy, all information is provided on an “AS IS” and “AS AVAILABLE” basis without warranty of any kind, express or implied. Information, tax rules, and market data can become outdated rapidly. Under no circumstances shall The Passive Growth Duo, its creators, or affiliates be liable for any direct, indirect, incidental, consequential, or pecuniary loss or damages arising from the use of, or reliance on, any information presented in this video. Holdings Disclosure & Duty to Consult The creators may hold long or short positions in the ETFs, stocks, or assets discussed. You are solely responsible for your own investment decisions. Always conduct independent due diligence and consult a licensed, qualified Canadian financial advisor, portfolio manager, or CPA before making any financial decisions.