Friday Recap -- the full YieldCanary Insights tab, condensed
Quick rundown of this week's Insights tab for anyone who doesn't check it as often as I do lol. Pulled straight from the platform this morning. Trying to keep this tight since a lot of names overlap across lists. I've also added a quick note under each metric for anyone newer to the terminology.
Market snapshot: S&P +0.98%, Nasdaq +1.43%, Russell 2000 +1.36%, VIX down to 15.76.
Risk-on week across the board.
No NAV Erosion (Healthy funds showing little-to-no principal erosion despite high yield, sorted by headline TTM yield):
ARMW — 70.06% TTM yield, +58.49% price 1Y
AMDW — 48.08% TTM yield, +122.74% price 1Y
XLEI — 19.25% TTM yield, +9.05% price 1Y
Best After-Tax Cash Flow (combines 1-year price return + distributions received, with the distribution portion taxed at an assumed 25% rate -- price appreciation plus after-tax income, summed into one total take-home return):
AMDW — 217.29% take-home return 1Y
SOXY — 92.59% take-home return 1Y
TYLG — 31.79% take-home return 1Y
Highest Advertised Yield (last month's distribution annualized -- compare this to True Income Yield before getting excited, since a big gap usually means return of capital, not real income):
MARO — 109.75% advertised yield, 0% True Income Yield, Severe Risk
MSTY — 108.14% advertised yield, 87.29% True Income Yield, Severe Risk
ETCO — 106.59% advertised yield, 0% True Income Yield, Severe Risk
Best Weekly Payers (Healthy weekly-distribution funds):
ARMW — 70.06% TTM yield, 17.73% ROC
AMDW — 48.08% TTM yield, 8.39% ROC
Best Monthly Payers (same idea, monthly cadence):
XPAY — 21.11% TTM yield, 25.15% ROC
TDAQ — 16.38% TTM yield, 44.28% ROC
Biggest Improvements this week (ROC trending down + Death Clock extending = fund getting healthier):
TSMY — ROC down to 24.61%, Death Clock now 1.87yrs, True Income Yield up to 40%
GPTY — True Income Yield up to 26.84%, still Watch status
SNOY — True Income Yield up to 38.71%, still Severe Risk but improving
Biggest Deteriorations this week (ROC rising + Death Clock shrinking = fund getting worse, fast):
GOLI — now High Risk, Death Clock down to 1.00yr, ROC at 100%
JPO — Death Clock down to 1.20yrs, True Income Yield fell to 5.66%
XLUI — now Severe Risk, ROC jumped to 100%, Death Clock at 1.01yrs
Largest Healthy Funds by AUM (size = liquidity, not necessarily safety, but it matters):
JEPI — $45.3B AUM, 8.79% TTM yield, Healthy
JEPQ — $44.3B AUM, 10.00% TTM yield, Healthy
QQQI — $14.9B AUM, 13.71% TTM yield, Healthy
Yield Traps to Avoid (shortest Death Clocks on the platform -- every one of these is burning through NAV fast):
ETCO — 0.50yr Death Clock, 0% True Income Yield, -71.20% price 1Y
MARO — 0.50yr Death Clock, 0% True Income Yield, -79.54% price 1Y
AIYY — 0.50yr Death Clock, 0% True Income Yield, -71.15% price 1Y
That's the Friday snapshot -- have a great weekend! Check the Insights tab directly on YieldCanary for the full lists.