{"url":"https://etfiq.com/models/strategies/income-rotation/","section":"models","title":"Income rotation with a return-of-capital guard | ETFIQ","description":"Income rotation with a return-of-capital guard: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record.","as_of":"Nov 3, 2026","structured_data":[{"@type":"WebPage","@id":"https://etfiq.com/models/strategies/income-rotation/#page","name":"Income rotation with a return-of-capital guard","url":"https://etfiq.com/models/strategies/income-rotation/","description":"At the Nov 3, 2026 close Income rotation with a return-of-capital guard is risk on and holds QYLD 25%, XYLD 25%, HYG 25% and 1 more. Hypothetical back-test since 2016: +3.2% a year against SPY\u2019s +15.1%, deepest fall \u221226.1%.","dateModified":"2026-11-03","isPartOf":{"@id":"https://etfiq.com/models/strategies/#page"},"publisher":{"@id":"https://etfiq.com/#org"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"ETF Models","item":"https://etfiq.com/models/"},{"@type":"ListItem","position":3,"name":"Strategy Lab","item":"https://etfiq.com/models/strategies/"},{"@type":"ListItem","position":4,"name":"Income rotation with a return-of-capital guard","item":"https://etfiq.com/models/strategies/income-rotation/"}]},{"@type":"WebPage","name":"Income rotation with a return-of-capital guard","description":"Income rotation with a return-of-capital guard: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record.","url":"https://etfiq.com/models/strategies/income-rotation/","dateModified":"2026-11-03","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2214,"truncated":false,"content":"ETFIQ / ETF Models / Strategy Lab / Income rotation with a return-of-capital guard \n \n Data as of Nov 3, 2026. Rebuilt every trading night.\n Income rotation with a return-of-capital guard\n Each month hold the four highest-yielding of ten income funds whose price has not fallen more than 5% in a year.\n At the Nov 3, 2026 close Income rotation with a return-of-capital guard is risk on and holds QYLD 25%, XYLD 25%, HYG 25% and 1 more. Hypothetical back-test since 2016: +3.2% a year against SPY\u2019s +15.1%, deepest fall \u221226.1%.\n Hypothetical. No money is invested.\n What it holds at the Nov 3, 2026 close Fund Name Weight \n QYLD Global X NASDAQ 100 Covered Call ETF 25.1% \n XYLD Global X S&P 500 Covered Call ETF 25.1% \n HYG iShares iBoxx $ High Yield Corporate Bond ETF 25.0% \n SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 24.7% \n The rule\n Each month hold the four highest-yielding of ten income funds whose price has not fallen more than 5% in a year.\n A rule reads the close of the last trading day of the month and trades at the next close.\n The universe is 10 funds; the benchmark is SPDR S&P 500 ETF Trust (SPY).\n It is checked at each month end.\n Source: ETFIQ measures (2026). Income rotation with a return-of-capital guard. ETFIQ.\n Computed by ETFIQ from Tiingo daily prices. Data sourced by Tiingo .\n Where to next\n Compare strategies Build your own How we test All strategies Investment committee \n Cite this page. ETFIQ, ETFIQ Strategy Lab, Income rotation with a return-of-capital guard, data as of Nov 3, 2026. https://etfiq.com/models/strategies/income-rotation/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, ETFIQ Strategy Lab, Income rotation with a return-of-capital guard, data as of Nov 3, 2026. https://etfiq.com/models/strategies/income-rotation/ APA ETFIQ. (Nov 3, 2026). ETFIQ Strategy Lab, Income rotation with a return-of-capital guard. Retrieved from https://etfiq.com/models/strategies/income-rotation/ Markdown [ETFIQ Strategy Lab, Income rotation with a return-of-capital guard (ETFIQ, Nov 3, 2026)](https://etfiq.com/models/strategies/income-rotation/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ Strategy Lab, Income rotation with a return-of-capital guard, data as of Nov 3, 2026. https://etfiq.com/models/strategies/income-rotation/"}