I reviewed the 1-year performance of my closed-end funds. Some have been doing great this year; some are average; some not so great.
For reference, the $SPY has a 1-yr return of 20.36%, and a 1-yr total return of 21.81%. Nine of my CEFs outperformed the $SPY.
$BSTZ, 1-yr return 45.47%, total return 64.54%, pays 6.19% monthly, beat $SPY
$BST, 1-yr return 25.33%, total return 39.38%, pays 6.02% monthly, beat $SPY
$BME, 1-yr return 22.4%, total return 33.31%, pays 7.13% monthly, beat $SPY
$EVT, 1-yr return 21.48%, total return 32.06%, pays 6.72% monthly, beat $SPY
$THQ, 1-yr return 19.67%, total return 34.67%, pays 11.09% monthly, beat $SPY on total return
$ETG, 1-yr return 17.85%, total return 27.09%, pays 6.35% monthly, beat $SPY on total return
$ETO, 1-yr return 17.41%, total return 26.84%, pays 6.48% monthly, beat $SPY on total return
$BMEZ, 1-yr return 12.63%, total return 25.03%, pays 8.22% monthly, beat $SPY on total return
$EXG, 1-yr return 12.51%, total return 23.27%, pays 7.9% monthly, beat $SPY on total return
$BDJ, 1-yr return 9.8%, total return 21.24%, pays 7.53% monthly
$GLU, 1-yr return 8.86%, total return 16.32%, pays 6.78% monthly
$BOE, 1-yr return 8.26%, total return 18.63%, pays 7.97% monthly
$UTG, 1-yr return 3.92%, total return 10.44%, pays 6.25% monthly
$BUI, 1-yr return 3.86%, total return 15.41%, pays 6.76% monthly
$RQI, 1-yr return 3.48%, total return 13.74%, pays 8.64% monthly
$UTF, 1-yr return 1.78%, total return 9.58%, pays 7.33% monthly
$DFP, 1-yr return 0.10%, total return 7.72%, pays 7.73% monthly
$ERC, 1-yr return, -1.59%, total return 8.05%, pays 9.43% monthly
$LDP, 1-yr return -2.32%, total return 5.22%, pays 7.62% monthly
$RFI, 1-yr return -2.62%, total return 5.87%, pays 8.34% monthly
$PDO, 1-yr return -6.09%, total return 5.13%, pays 12% monthly
$RNP, 1-yr return -6.25%, total return 1.38%, pays 7.95% monthly
$AWF, 1-yr return -9.13%, total return -2.11%, pays 8.22% monthly
$FAX, 1-yr return -11.59%, total return 0.60%, pays 13.66% monthly
I am considering selling the ones that did not outperform the $SPY and pay less than 8% per month.
I would then use these funds to add to the better-performing CEFs OR some of the new/newer higher-yielding ETFs and autocallables that I own:
$CHPY, pays 35.76% weekly
$CAIE, pays 13.98% monthly
$XV, pays 19.79% monthly
$CAIQ, pays 11.63% monthly
$GPIQ, pays 9.82% monthly
$QQQI, pays 13.67% monthly
$IWMI, pays 13.35% monthly
$SPYI, pays 11.6% monthly
Or should I be doing the opposite? Adding to the under-performing CEFs?
Are CEFs as a whole an outdated asset class? Is it fair to compare CEFs to $SPY? Should I be converting all of them over to the newer high yield ETFs, barrier ETFs, or autocallables? Or, am I missing the whole point of CEFs? Continue to hold them all just for the regular income?
What am I missing or failing to consider?
Would I be better off selling them all and just owning $SPY or $VOO?