Buy Write Index Returns -

The is a benchmark designed to track a "buy-write" or covered call strategy, where you hold the S&P 500 index and sell monthly at-the-money (ATM) call options against it. Historical Performance Summary

: As of late 2025/early 2026, the BXM's 10-year annualized return was approximately 6.2% to 7.2% .

: Historically, buy-write indices have exhibited about 30% lower volatility than the S&P 500. Performance in Different Market Conditions buy write index returns

The strategy typically offers lower volatility and higher income than owning the index outright, but it tends to underperform in strong bull markets due to the "cap" on upside gains.

: Provides a "buffer" because the premium received from selling the call option offsets some of the losses. For example, it significantly outperformed in 2000. The is a benchmark designed to track a

: This is the "sweet spot." It outperformed the S&P 500 in 5 out of 7 periods where the index posted annual returns of 10% or less.

: For the 12 months ending in April 2026, the index gained approximately 17.84% . : This is the "sweet spot

The "buy-write" strategy's success is highly dependent on the market's trajectory: