HAKY vs XLUI

HAKYCAmplify HACK Cybersecurity Covered Call ETF

XLUIBState Street Utilities Select Sector SPDR Premium Income ETF

In short

HAKY A covered-call overlay pointed at a growth theme instead of a dividend sector. HAKY owns a cybersecurity basket built to mirror Amplify's cybersecurity ETF, then sells calls on it to turn the theme's volatility into monthly cash.

XLUI Utilities run on regulated cash flows and steady dividends, the market's slow lane. XLUI parks there and sells calls against it, turning quiet into monthly income. It arrived in 2025 as part of the first suite to bolt a premium-income overlay onto sector SPDRs.

Stated mandate

HAKY The Fund seeks to balance high income and capital appreciation through exposure to cybersecurity companies and a covered-call strategy.

XLUI The fund is an actively managed equity strategy seeking current income and long-term capital growth by investing in the State Street Utilities Select Sector SPDR ETF and selling call options on that ETF.

Why people hold it

• HAKY The income engine runs on cybersecurity, not utilities or staples: calls are written against a growth-priced basket, where option premiums are typically richer than in defensive sectors.
• The income policy is spelled out in the fund's own documents: monthly distributions, a stated target of 15% annualized gross option premium, and upfront disclosure that payouts can include return of capital.amplifyetfs.com
• About 70 cybersecurity companies sit underneath, mirroring Amplify's cybersecurity ETF (HACK), inside a plain 1940 Act fund structure rather than a note or partnership.

• XLUI Simple plumbing: it owns State Street's utilities sector ETF and writes calls on that same fund. No stock picking, no basket drift, the sector exposure the label implies.ssga.com
• 0.35% a year sits right at the median for its sector call-writing peers, and the cash comes monthly rather than quarterly.
• One of the strongest builds in its sector-overlay group, with health care sibling XLVI, and the strategy it runs matches the one on the tin.
• Eleven sector versions launched together, all on the same wrapper and the same 0.35% fee, so switching the sector tilt does not mean switching strategy.nasdaq.com

Worth knowing

• HAKY At 0.65% a year, the fee runs roughly double the 0.35% charged by State Street's sector premium-income funds (XLVI, XLUI), so the overlay has more ground to make up.
• Writing calls hands over part of any cybersecurity rally in exchange for premium, and distributions can include return of capital, which hands back your own principal and lowers NAV.
• Launched in January 2026, it is still a small fund that trades lightly, which tends to mean wider bid-ask spreads. Limit orders earn their keep here.

• XLUI Written calls trade away part of a rally. When utilities run hard, the premium collected is what you get instead of the full move.ssga.com
• Launched in 2025 and still a small fund that trades thinly, so bid-ask spreads can run wider than on the underlying sector ETF.
• One sector, one underlying holding. Results track utilities, and the monthly payout moves with option premiums and dividends rather than a fixed rate.ssga.com

Full HAKY profile⁠

Full XLUI profile⁠