u/thehighdon

Hi all.

Are there any covered call etfs that in its design do not and will not have nav erosion. I dont mind if divys get cut and understand upside is capped, but i would want something that if we were to enter a long bear market, my Initial principle would eventually recover (not including dividends received ) just like if it were a normal equity etf.

For example if i put 100k into SPY, and we entered a long bear market. I can be confident my principal is not being eroded and eventually would return whether thats in 10 or even 20 years.

Would it be safe to say the same about SPYI or QQQI. Or any other nav erosion proof covered call etfs?

Thanks