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Thursday, October 1, 2026
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HomeInvertirFondos de llamadas cubiertas: así es como funcionan

Fondos de llamadas cubiertas: así es como funcionan

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Control de información

  • Las estrategias de llamadas cubiertas brindan a los inversores la oportunidad de originar ingresos desde su cartera.

  • Una señal cubierta es una táctica en la que un inversor vende opciones de adquisición en una influencia que posee.

  • Los fondos de llamadas cubiertos son vehículos de inversión que generan ingresos para los portadores de fondos utilizando una táctica de llamadas cubiertas.

Las estrategias de llamadas cubiertas ofrecen una forma atractiva de aumentar sus ingresos de inversión y proteger contra las recesiones del mercado. Si correctamente esta táctica puede ser difícil de ejecutar por su cuenta, los fondos cotizados en bolsa (ETF) hacen que sea más simple que los inversores adopten un enfoque de llamadas cubierto.

Esto es lo que necesita asimilar ayer de comprar un ETF de señal cubierta, incluidos algunos de los posibles inconvenientes.

¿Qué es un fondo de llamadas cubierto y cómo funcionan?

Un fondo de llamadas cubierto es un transporte de inversión que genera ingresos para los titulares de fondos vendiendo opciones de señal en las acciones en su cartera.

Por ejemplo, una táctica de señal cubierta puede implicar entregar una opción de adquisición con un precio de examen por encima del precio flagrante de mercado de una influencia, como Apple (AAPL), y aceptar un suscripción original que genera ingresos para los fondos de los fondos.

Si el precio de Apple disminuye, el inconveniente del fondo está poco protegido porque recibió el suscripción de la prima por entregar la opción de adquisición. La señal vendida caducará sin valencia, y el fondo continuará manteniendo las acciones.

Sin confiscación, si las acciones de Apple se elevan por encima del precio de examen de la opción de adquisición vendida, el comprador de llamadas puede practicar su opción y “apetecer” las acciones allí del fondo. En este caso, el Fondo no experimentará la plena apreciación de las acciones oportuno a la señal vendida.

¿Cuándo es un buen momento para comprar fondos de llamadas cubiertas?

Las estrategias de llamadas cubiertas tienden a funcionar mejor cuando los mercados no se mueven mucho en ninguna dirección. Un mercado estable o supletorio permite que el valencia de sus tenencias permanezca sobrado constante mientras obtiene ingresos al entregar opciones de adquisición.

Sin confiscación, si el mercado se mueve fuertemente al ascenso, las opciones de adquisición que vendió probablemente se ejercerán, lo que hace que se pierda las ganancias potenciales. Si los mercados caen significativamente, los ingresos que obtuvieron de las opciones de liquidación ofrecerán cierta protección, pero no lo protegerán por completo de las pérdidas.

Por ejemplo, en 2022, el índice S&P 500, incluidos los dividendos, cayó un 18.1 por ciento, mientras que el General X S&P 500 Cubl Call ETF (XYLD), que escribe llamadas al índice, cayó un 12.1 por ciento. En 2024, el S&P 500 aumentó en aproximadamente un 25 por ciento, en comparación con un aumento del 19 por ciento para el ETF de llamadas cubiertas.

Riesgos de fondos de llamadas cubiertas

Los fondos de llamadas cubiertos conllevan riesgos que los inversores deben tener en cuenta.

  • Ganancias perdidas: En un mercado sólido, los fondos de llamadas cubiertas pueden no darse cuenta plenamente de las ganancias potenciales de sus acciones, ya que a quien haya comprado las opciones de adquisición.
  • Disminución de las tenencias: Es importante memorar que el valencia de los fondos de llamadas cubiertos aún puede disminuir si sus tenencias pierden valencia, pero la disminución será disminuida por los ingresos generados por las llamadas de escritura.
  • Tarifas del fondo: Los inversores deben atender las tarifas cobradas por los ETF de llamadas cubiertas, ya que generalmente tienen relaciones de desembolso o tarifas más altas en comparación con las de un fondo índice tradicional.
  • Implicaciones fiscales: Los ingresos obtenidos de un fondo de señal cubierto mantenido en una cuenta imponible, como una cuenta de corretaje, se gravarán a las tasas de ingresos ordinarios. Los inversores pueden evitar esta obligación tributaria manteniendo los fondos en una cuenta de impuestos, como una IRA.

Los ETF de llamadas cubiertas para considerar unir a su cartera

(Nota: Información precisa a partir del 4 de febrero de 2025.)

Si está interesado en explorar los ETF de llamadas cubiertas, aquí hay algunas opciones a considerar:

General X S&P 500 Cubierto de señal ETF (XYLD)

Este ETF invierte en empresas S&P 500 al tiempo que igualmente vende llamadas en el índice. A febrero de 2025, tenía aproximadamente $ 3.2 mil millones en activos.

Rendimiento de 12 meses: 11.6 por ciento
Devolución de 1 año: 19.3 por ciento
Relación de gastos: 0.60 por ciento

JPMorgan Equity Premium Income ETF (JEPI)

Este fondo posee cerca de de 115 acciones y genera ingresos vendiendo opciones de adquisición S&P 500 fuera del cuartos. Sus principales propiedades incluyen Meta Platforms (Meta), Amazon (AMZN), MasterCard (MA) y Visa (V).

Rendimiento de 12 meses: 7.2 por ciento
Devolución de 1 año: 12.3 por ciento
Relación de gastos: 0.35 por ciento

General X NASDAQ 100 CUBIERTA ETF (QYLD)

Este ETF posee empresas en el índice NASDAQ 100 y vende llamadas en el mismo índice para originar ingresos. El fondo tenía aproximadamente $ 8.8 mil millones en activos a partir de febrero de 2025.

Rendimiento de 12 meses: 12.4 por ciento
Devolución de 1 año: 18.3 por ciento
Relación de gastos: 0.61 por ciento

General X Russell 2000 Cubrido Call ETF (Ryld)

Este fondo se centra en las compañías de pequeña capitalización al poseer acciones en el índice Russell 2000 y entregar llamadas al índice. Además utiliza un ETF Vanguard para obtener exposición al índice. El fondo tenía $ 1.5 mil millones en activos a partir de febrero de 2025.

Rendimiento de 12 meses: 11.9 por ciento
Devolución de 1 año: 14.3 por ciento
Relación de gastos: 0.60 por ciento

Final

Los ETF de llamadas cubiertas pueden ser una forma de originar ingresos adicionales de sus inversiones, pero deben estar de moda como parte de una cartera diversificada. Asegúrese de comprender cómo funciona una táctica de señal cubierta ayer de cambiar y tener cuidado con las tarifas de fondos, que pueden obtener sus rendimientos generales. Si está buscando aumentar los ingresos generados por su cartera, igualmente puede considerar altas acciones de dividendos.

Preguntas frecuentes

Descargo de responsabilidad editorial: se aconseja a todos los inversores que realicen su propia investigación independiente sobre estrategias de inversión ayer de tomar una intrepidez de inversión. Adicionalmente, se informa a los inversores que el rendimiento del producto de inversión pasada no es seguro de una futura apreciación de los precios.

See also  Berkshire UPS Stakes in Japan Stocks: 3 ETF de Japón a considerar para su cartera

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