Investing Port

The Nationwide Risk-Managed Income ETF (NUSI) is an actively-managed fund that uses a rules-based options strategy to boost income from Nasdaq 100 stocks by hedging against market declines. Nor surprisingly, the protection comes at a price: NUSI’s management fee is three times that of the Invesco QQQ Trust (QQQ), a plain-vanilla index fund that tracks the tech-heavy Nasdaq 100 index.

NUSI launched in December 2019, weeks before the coronavirus pandemic triggered widespread market turbulence. NUSI’s portfolio looks nearly identical to QQQ’s, with the exception of the options contracts. Given NUSI’s brief track record, it’s hard to tell how it will perform over the long haul.