Three Lesser-Known Monthly Dividend ETFs

High-Yield ETFs: The NEOS Nasdaq-100 High Income ETF (QQQI) offers a yield of 13.42%, significantly higher than Goldman Sachs Nasdaq-100 Premium Income ETF's 9.65%, while the Roundhill S&P 500 Target 20 Managed Distribution ETF targets a 20% annualized distribution rate using FLEX Options.

Investment Strategies: Investors are encouraged to understand different wealth-building strategies, particularly those involving options, as many popular monthly dividend stocks may not be the best choices compared to higher-yielding alternatives like QQQI and XPAY.

TappAlpha SPY Growth & Daily Income ETF: This ETF employs a daily options strategy with a 13.61% yield, outperforming other ETFs like JEPI and QYLD, while providing S&P 500 exposure through a long SPY position and writing 0DTE call options.

Market Vulnerability: With the market's recent rally, there is a heightened risk of correction, making medium to short-term views on covered call ETFs like QQQI and TSPY more prudent, as declines could take years to recover from.