KWIN vs XOMO

KWINAKraneShares Wahed Alternative Income Index ETF

XOMOCYieldMax XOM Option Income Strategy ETF

In short

KWIN An income fund built for investors who can't own interest. KWIN holds stocks, then sells calls and buys puts on each one, aiming for a delta-neutral book whose payout comes from options premium instead of a coupon.

XOMO XOMO points YieldMax's premium-harvesting machinery at an oil major, selling call spreads on Exxon Mobil rather than plain covered calls, aiming to bank option income while leaving room to ride part of XOM's move higher.

Stated mandate

KWIN KWIN seeks alternative option income by holding long positions in selected equities while selling calls and buying puts against each position. The strategy is intended to produce a delta-neutral portfolio and is marketed as an alternative to traditional interest income.

XOMO The fund is actively managed to generate weekly income by selling call spreads on Exxon Mobil Corp. It seeks to harvest option premiums while retaining some participation in Exxon Mobil's share-price appreciation.

Why people hold it

• KWIN 0.51% a year, less than half the roughly 1.07% median of its options-income cohort. In a category where 1%-plus is the norm, that is a real head start.
• The mechanics are unusually explicit: long a selected stock, short a call, long a put, position by position. The collars are the strategy, not a bolt-on overlay.kraneshares.com
• Tracks the Wahed Shariah Alternative Income Index, so income is sourced from options premium rather than interest. Few option-income ETFs are built to that screen.kraneshares.com
• On cost and measured risk it stands among the strongest implementations in a peer group of 64 single-stock option-income funds.

• XOMO Sells call spreads, not plain covered calls: it writes one call and holds a higher strike, so XOM's upside runs to a ceiling instead of stopping at the money.yieldmaxetfs.com
• Energy, not another megacap tech name. The premium here is harvested from an oil major's volatility, a different engine than the tech-heavy end of this shelf.yieldmaxetfs.com
• Trading since 2023, part of the first wave of single-stock income ETFs, with a multi-year operating record through real crude-price swings.stockanalysis.com
• One of the sturdier builds in a crowded single-stock income field, judged on risk behavior and staying power rather than headline payout.

Worth knowing

• KWIN Launched in November 2025. The record is short, so any read on how the collars behave across different markets rests on limited history.
• Delta-neutral by design: the sold calls and bought puts are there to strip out the stock move, not to ride it. This is an income engine, not an equity growth sleeve.
• Trades lightly next to the household names of the category, so spreads can be wider than headline size suggests. Limit orders matter more here.

• XOMO Costs 1.17% a year, above YieldMax siblings like TSMY and BRKC at 1.01%. Options-income plumbing is not cheap.
• You do not own Exxon here. The fund holds options backed by cash and Treasurys, so no XOM dividend and no shareholder vote.yieldmaxetfs.comstockanalysis.com
• Everything rides on one issuer, and gains stop at the spread's upper strike, so the income comes at the cost of Exxon's biggest run-ups.yieldmaxetfs.com

Full KWIN profile⁠

Full XOMO profile⁠