WRTH vs YLDE

WRTHCWorth Charting Options Income ETF

YLDEAFranklin ClearBridge Enhanced Income ETF

In short

WRTH Most option-income funds write covered calls on an index and stop there. WRTH sells both sides, calls above and puts below, on single stocks right after a news shock, when premiums are fat and volatility is cooling.

YLDE A 2017 ClearBridge dividend portfolio that had an income engine bolted on in 2025: about 50 large-cap dividend payers, with index calls sold on top for premium. Pays monthly, charges 0.48%, no waiver, below the category median.

Stated mandate

WRTH The Fund seeks current income through a strangle-style options strategy on equity securities of U.S. exchange-listed companies. It also holds cash, cash equivalents, and short-term U.S. Treasury securities for collateral and income generation.

YLDE The Fund seeks income and long-term capital appreciation through an actively managed enhanced equity-income strategy. It primarily invests in dividend-paying equities and writes U.S. exchange-traded calls on U.S. large-cap equity indices to enhance income.

Why people hold it

• WRTH Two-sided premium: it sells calls above the price and puts below on the same name, so income comes from both wings instead of a single covered-call leg.businesswire.com
• The entry trigger is spelled out: it targets names right after sharp news moves, typically earnings, when option pricing is inflated and volatility is starting to settle.businesswire.com
• Cash, cash equivalents and short-term Treasuries sit behind the options as collateral and earn on their own. Income is scheduled quarterly.

• YLDE The overlay sits on top of the stock picks, not inside them. Calls are written on U.S. large-cap indices such as the S&P 500, so no single holding has its own upside sold away.franklintempleton.com
• 0.48% with no fee waiver propping it up, below the median for active overlay funds. Cheaper than RDVI at 0.75%, though index-built rivals RECI (0.30%) and TCAL (0.34%) go lower.
• Two desks, two jobs: ClearBridge runs the roughly 50-stock dividend sleeve, while a separate options manager handles the call writing, an arrangement spelled out in the fund's filings.sec.gov
• Income arrives monthly and comes from two places, dividends from the equity sleeve plus premium from written calls, rather than from reaching for the highest-yielding names.franklintempleton.com

Worth knowing

• WRTH At 1.02%, it runs above the peer-group median of 0.95% and several times the index-based writers like PAPI (0.29%) and ROCY (0.35%). Active stock-by-stock work is what the fee buys.
• Strangles cut both ways: short calls trim the upside if a stock keeps running, short puts take on the downside if it keeps sliding.businesswire.com
• A 2026 launch means a short record to judge, and the fund discloses that distributions can include return of capital (some of your own money coming back).

• YLDE The ticker dates to 2017, but it spent most of that life as a dividend ESG fund. The enhanced-income objective, options overlay and dividend policy changed on February 28, 2025.franklintempleton.com
• Selling index calls trades away part of a sharp market rally for premium collected up front, and that premium offsets losses only as far as it goes in a steep decline.franklintempleton.com
• A thinly traded fund with a smaller asset base than the category's giants, which can mean wider bid/ask spreads than the headline names in derivative income.

Full WRTH profile⁠

Full YLDE profile⁠