Some of the “generating income” ETS I know and may use (or not). Most of them track an index (or subset) and generate income by selling Call on its holdings. Some also offer protection by buying PUT. There are 2 ETFS a little different: DIVO only track Dividend companies and JEPI use ELN debt instead of option selling to generate income.
- BST: Invest in science and tech (little like ARKK) Very volatile. Sell calls to generate income and have a smart structure to avoid generating taxon that.
- QYLD: Hold the NASDAQ 100 index and sell calls to generate income. High Yield but offer no protection if NASDAQ goes down. It is not actively managed.
- XYLD: Same as QYLD on SP500.
- XYLG: It is similar to QYLD but follows the SP500.
- NUSI: Actively managed fund to track the NASDAQ 100 index. Sell collar option (sell CALL, buy PUT) to offer extra income and some downside protection. It offers a yield lower than QYLD but offers some protection in case of a downturn.
- JEPI: Holdings are not limited to SP500 but try to stay close to it. Its holdings are actively managed to select companies with low volatility. 80% is large cap div companies. 20% is ELN debt for income generation (should not go down since it is debt equivalent). It is closer to NUSI (in mindset) because of low volatility holding (and not thanks to buying PUT like NUSI).
- DIVO: It is actively managed to hold blue chip dividend companies and also sell CALL to generate income (in addition to the dividend of its holdings).
- QSWAN: 90% of its holdings are from NASDAQ100 and the 10% remaining are ITM call QQQ leap.It is design to offers some protections against SWAN event (big drop – 30%) but do not offer protection in case the index slowly lose value (10-20%).
- XRMI: It’s not actively manage and track the SP500. It generates income by selling CALL and also offers some protections by buying PUT. It is similar to NUSI (but XRMI not humanly managed and track different index)
- QRMI: Same as XRMI but on NASDAQ
- QCLR: like XRMI but the call is not ITM but 10% OTM 3 months and thus you can benefit from raising market
I hope this list will give you some idea but do not use it without more research and i strongly advice you to reach to a professional for advice.