GINX vs RDVI

GINXCSGI Enhanced Global Income ETF

RDVIAFT Vest Rising Dividend Achievers Target Income ETF

In short

GINX Most income funds rent out the stocks they own. GINX keeps its global dividend sleeve intact and runs the income engine beside it: daily credit call spreads on US indices, where the purchased call sets a ceiling on the option leg's loss.

RDVI Two engines in one wrapper: roughly 50 rising-dividend stocks on the equity side, and calls sold on the S&P 500 (not on those stocks) for the income, targeting 8 points above the index's dividend yield, paid monthly.

Stated mandate

GINX The Fund seeks current income as its primary objective and capital appreciation as its secondary objective. It is actively managed and combines global-equity ETFs with daily index credit call spreads to generate income.

RDVI The Fund seeks current income and, secondarily, capital appreciation. It primarily invests in U.S.-traded equities in the Nasdaq US Rising Dividend Achievers Index and sells U.S.-traded calls on the S&P 500 Index or ETFs tracking it.

Why people hold it

• GINX The options sit beside the stock sleeve, not on top of it: spreads are sold on US equity indices, and each spread's purchased call defines how far the option leg can go against it.
• Under the hood, an actively managed global book of dividend-paying large and mid caps held through equity ETFs. Holdings quality is a strength here, and payouts come quarterly.sgiam.com
• Lands in the upper half of a crowded options-income field, one of the better-built active overlays in the group.

• RDVI The income target is written into the mandate: annualized distributions aimed at 8 percentage points above the S&P 500's dividend yield, paid monthly.
• Calls are written on the S&P 500, not on the fund's own holdings, so no individual dividend grower in the portfolio gets called away when it runs.ftportfolios.com
• A concentrated equity sleeve of about 50 US dividend growers, not a 500-name index clone wearing an options overlay.
• Billion-dollar-plus asset base and active daily trading, which puts it among the easier funds to move in and out of in this crowded category.

Worth knowing

• GINX 1.02%, no waiver, above the category median. Cheaper peers sit at the top of the field: RECI at 0.30%, TCAL at 0.34%, PAYR at 0.40% net of a waiver through January 1, 2027.
• Thinly traded and modest in size, so the bid/ask can run wider than in the category's giants.
• Short history (launched 2024), and a fast rally in US indices can push the short spreads to their maximum loss while the global stock sleeve moves on its own track.

• RDVI At 0.75%, it runs above the typical S&P 500 income fund, and cheaper overlays exist in the same lane (IVVW at 0.25%, GPIX at 0.35%).
• The prospectus discloses distributions can include return of capital, so part of a monthly payment may be your own money coming back.
• Stocks and options sit on different benchmarks. When the S&P 500 outruns the dividend-grower sleeve, the short calls give back more than the holdings pick up.

Full GINX profile⁠

Full RDVI profile⁠