드디어 투자를 시작한 지 10일 차가 되었습니다! “열흘이면 강산도 변한다”는 말은 과장이겠지만, 주식 시장에서의 열흘은 제 멘탈을 들었다 놓기에 충분한 시간이네요. 오늘은 산이의 **’한여름밤의 꿀’**이라는 노래가 절로 떠오릅니다. 토마토시스템이 장중에 20%나 폭등하며 정말 달콤한 수익을 줄 것 같더니, 결국 1.9% 상승으로 마감했거든요. 마치 한여름 밤의 짧은 꿈처럼 달콤했다가 깨어버린 기분이지만, 10일 차를 맞이한 투자자답게 다시 중심을 잡아봅니다.
[공지] 스마트폰으로 보시는 분들은 표를 더 편하게 확인하시기 위해 가로 모드로 보시는 것을 추천드립니다.
🌐 오늘의 시장 펄스 (Market Pulse)
오늘 시장은 나스닥의 급락과 환율의 상승세가 맞물리며 긴장감을 더했습니다.
나스닥 1.51% 하락의 원인: 마이크로소프트와 AMD 등 빅테크 기업들의 AI 수익성에 대한 의구심이 커지며 기술주 중심의 강력한 매도세가 출현했습니다. (출처: Bloomberg)
환율 상승세 지속: 원/달러 환율이 **1,464.70원(+0.36%)**을 기록하며 강달러 현상이 이어지고 있습니다. 덕분에 국내 상장 미국 ETF들의 원화 평가 금액은 하락 폭이 다소 방어되었습니다.
방어주로의 자금 이동: 기술주가 흔들리자 투자자들은 상대적으로 안전한 **SCHD(배당성장)**나 **JEPI(커버드콜)**로 눈을 돌리는 ‘안전 자산 선호’ 현상이 나타났습니다. (출처: Investopedia)
1. 나스닥 100 관련 ETF 및 커버드콜 비교
기술주가 기침을 하면 레버리지는 독감에 걸립니다. 10일 차에 체감하는 변동성의 무서움입니다.
종목명
전략 구분
현재가
당일 등락률
내 수익률
INVESCO 나스닥 100 (QQQM)
지수 추종
$249.38
-1.75%
-3.88%
프로세어즈 QQQ 2배 (QLD)
2배 레버리지
$67.98
-3.51%
-6.71%
JP모건 나스닥 프리미엄 인컴 (JEPQ)
커버드콜
$57.68
-1.60%
-3.56%
네오스 나스닥 100 고배당 (QQQI)
커버드콜
$52.69
-1.53%
-1.11%
골드만삭스 나스닥 100 코어 (GPIQ)
커버드콜
$51.62
-1.54%
-4.03%
KODEX 미국나스닥 100
지수 추종
24,155원
+0.96%
-3.22%
KODEX 나스닥100 데일리 (OTM)
커버드콜
9,855원
+0.76%
-3.52%
TIGER 나스닥100 레버리지
2배 레버리지
33,640원
+2.08%
-5.86%
2. SCHD, 미국 고배당 커버드콜, 미국채 비교
하락장에서 빛을 발하는 ‘우산’ 같은 종목들입니다. 10일 차의 평온함을 지켜준 주역들입니다.
종목명
전략 구분
현재가
당일 등락률
내 수익률
슈왑 미국 배당주 (SCHD)
배당 성장
$31.01
+1.67%
+4.80%
JP모건 에퀴티 프리미엄 인컴 (JEPI)
커버드콜
$58.58
+0.55%
+1.51%
SPDR S&P 500 포트폴리오 (SPYM)
지수 추종
$80.74
-0.46%
+0.28%
프로세어즈 S&P 500 2배 (SSO)
2배 레버리지
$58.28
-1.00%
-0.98%
골드만삭스 S&P 500 코어 (GPIX)
커버드콜
$52.48
-0.46%
+0.15%
KODEX 미국서학개미
액티브
21,975원
+3.68%
-8.79%
RISE 미국배당100 데일리
커버드콜
9,385원
+1.90%
+1.34%
SOL 미국 30년 국채
커버드콜(채권)
9,140원
+0.72%
-2.24%
📈 10일 차 결산: “변동성은 찰나, 현금 흐름은 영원히”
🏆 오늘의 MVP: SCHD (+4.80% 수익률) 투자를 시작하고 10일 동안 가장 든든하게 자리를 지켜준 종목입니다. 시장이 빠질 때 오히려 오르는 이 기묘한 쾌감은 배당 성장주의 진가를 보여줍니다.
🛡️ 커버드콜의 방어력: 나스닥이 -1.5% 넘게 빠질 때, JEPI는 오히려 빨간불을 켰습니다. 하락장에서 인컴(Income) 전략이 왜 ‘심리적 방패’가 되는지 확실히 배운 10일 차입니다.
안녕하세요 JSCC2020입니다. 오늘은 **스윙스(Swings)의 ‘불도저(Bulldozer)’**라는 노래로 증시를 표현할 수 있겠네요. “싹 다 밀어버려 Bulldozer~”라는 가사처럼 거침없이 치솟는 환율과 반대로 모든 지지선을 밀어버리고 내려가는 나스닥을 보니 정말 불도저가 지나간 자리 같습니다.
환율은 어느새 1,452원을 돌파하며 시장의 하방 압력을 높이고 있고, 제 계좌의 종목들도 이 강력한 불도저 앞에 위태로운 싸움을 이어가고 있습니다. 하지만 이런 거친 시장일수록 우리도 불도저 같은 정신력으로 데이터를 분석하고 버텨내야 합니다. 오늘도 냉정하게 숫자로 시장을 읽어보겠습니다.
[필독] 본 포스팅의 표는 스마트폰을 가로로 보는 것을 추천 드립니다.
🌐 오늘의 시장을 결정지은 3가지 핵심 이슈
원/달러 환율 1,452.40원 기록: 환율이 전일 대비 5.80원(+0.40%) 상승하며 1,450원선을 강력하게 돌파했습니다. 지속적인 우상향 곡선을 그리며 투자 심리를 압박하고 있습니다. (출처: 인베스팅닷컴)
나스닥 종합 지수 -1.43% 급락: 나스닥 지수가 23,255.19로 마감하며 큰 폭의 조정을 받았습니다. 기술주 중심의 포트폴리오가 불도저에 밀리듯 하락하며 변동성이 극대화되었습니다.
S&P 500 지수 6,900선 하회: S&P 500 지수 역시 -0.84% 하락한 6,917.81을 기록하며 주요 지수들이 동반 하락하는 모습을 보였습니다.
Yesterday, we faced a “Currency Shock” as the exchange rate plummeted by -1.5%. However, today (January 27th), the tide has turned. As we continue Day 2 of our Real-World Test, we are seeing a significant recovery in account value thanks to the Won/Dollar exchange rate bouncing back to 1,451.60 KRW (+0.53%). While the market indices are still in a “wait-and-see” mode, the rising exchange rate has acted like a protective shield for our portfolio.
1. Top 3 Market Issues for Today
The Rebound of USD/KRW (+0.53%): After dropping to the 1,440 range yesterday, the exchange rate rose by 7.70 KRW, closing at 1,451.60. For KRW-listed US ETFs (currency-unhedged), this rebound directly translates into a recovery in valuation.
FOMC Jitters: With the Fed’s interest rate decision looming this week, trading remains cautious. Most indices are moving sideways as investors await clarity on inflation and potential rate cuts.
Big Tech Earnings Tension: We are currently on the doorstep of earnings reports from giants like Tesla and Apple. This has caused a slight dip in the Nasdaq, but the currency gain is offsetting the loss.
Here is today result.
2. [Group 1] Nasdaq 100 & Covered Call Comparison
The Winner for Group 1: KODEX U.S. Nasdaq 100 (-0.28%)
This group focuses on Nasdaq growth. Today, KRW-listed ETFs outperformed US-listed ones due to the currency factor.
Strategy
Ticker
Current Return
Analysis & Rank
KR Index
KODEX U.S. Nasdaq 100
-0.28%
🏆 1st Place! Best recovery as the KRW-rise neutralized the index dip.
KR Covered
KODEX Nasdaq 100 Daily
-0.39%
🥈 2nd Place. Solid defense via daily option premiums.
KR 2x Lev
TIGER Nasdaq 100 Lev
-0.40%
🥉 3rd Place. Strongest rebound momentum from yesterday’s low.
US 2x Lev
ProShares QLD
-0.60%
Slight dip as it tracks the US index without the KRW-rise benefit in its base price.
US Covered
JEPQ / GPIQ
-1.2% range
Waiting for the US market open to recover price levels.
The Winner for Group 2: SOL U.S. 30Y Treasury Covered Call (-0.90%)
This group provides stability. Today’s rebound helped bridge the gap from yesterday’s losses.
Strategy
Ticker
Current Return
Analysis & Rank
KR Treasury
SOL U.S. 30Y Treasury CC
-0.90%
🏆 1st Place! High stability with currency-driven gains.
KR Dividend
RISE U.S. Dividend 100 Daily
-1.67%
🥈 2nd Place. Recovering fast after yesterday’s currency hit.
KR Seohak
KODEX U.S. Seohak Ant
-1.78%
Benefited from the exchange rate despite individual stock volatility.
US Dividend
Schwab SCHD
-1.98%
Currently lagging due to a temporary correction in value stocks.
4. Day 2 Insights: “The Power of Currency-Unhedged Assets”
During this Day 2 of our Real-World Test, we’ve clearly seen that when the index stays flat but the exchange rate rises, our KRW-listed ETFs (like KODEX Nasdaq 100) act as the primary engines of recovery.
Currency as a Buffer: Yesterday’s “poison” became today’s “medicine.” This is the beauty of holding dollar-denominated assets.
The Infinite Income Strategy: Even when the total return is slightly negative, the JEPQ and Daily Covered Call premiums continue to accumulate. These “sale periods” allow us to reinvest those dividends to buy more shares at a lower cost.
Closing Thoughts
My account balance is higher today than it was yesterday, and that is what matters. We have successfully survived the currency volatility of the last 48 hours. Now that the exchange rate has stabilized our floor, we just need the Nasdaq to provide the “spark” during this earnings week.
For income-oriented investors, the ticker symbols JEPQ, GPIQ, and QYLD are household names. These funds pioneered the concept of generating high-yield monthly income by selling call options on the Nasdaq 100. However, as the US market becomes increasingly saturated, a “yield revolution” has been quietly taking place in South Korea.
Sophisticated investors are discovering that by looking toward the Seoul exchange (KOSPI), they can access the same underlying US tech stocks but with significantly higher distribution rates. If you are chasing maximum cash flow, it is time to compare the “American Originals” with the “Korean Innovators.”
1. The Data: 2025 Performance Comparison
Numbers don’t lie. When we look at the actual distribution yields for the year 2025, a clear gap emerges between US-listed products and their Korean counterparts tracking the same index.
The Nasdaq 100 Battle (US vs. Korea)
US Standards:
JEPQ (JPMorgan Nasdaq Equity Premium Income): Finished 2025 with an annual yield of approximately 11.7%. While consistent, it remains capped by its active management style.
GPIQ (Goldman Sachs Nasdaq 100 Core): Delivered around 10.5%, trailing slightly behind its peers.
QYLD (Global X Nasdaq 100 Covered Call): Maintained its steady 12.0% yield but suffered from limited capital appreciation.
The Korean Challengers:
KODEX US Nasdaq 100 Daily Covered Call OTM (494300): This fund shocked the market with a staggering 19.1% actual annual distribution.
RISE US Tech 100 Daily Fixed Covered Call (488580): Delivered a massive 19.5% yield, maximizing the volatility of the tech sector.
TIGER US Nasdaq 100 Target Daily Covered Call (486290): Achieved a solid 15.0%, precisely hitting its aggressive premium target.
As the data shows, the Korean ETFs are providing a 3% to 7% “Yield Premium” over the most popular US alternatives.
2. Why the Difference? The Power of 0DTE and OTM
The primary reason for this outperformance is the structural innovation in the Korean ETF market. While many US funds still rely on monthly or weekly option writing, Korean asset managers like Samsung (KODEX) and KB (RISE) have mastered the Daily (0DTE/1DTE) Option Strategy.
Exploiting Time Decay (Theta): By selling options that expire every single day, these funds harvest the most rapid portion of time decay, generating higher premiums than monthly contracts.
OTM (Out-of-the-Money) Advantage: Unlike QYLD, which sells “At-the-Money” options and caps all upside, the KODEX OTM strategy sells options 1% or 2% above the current price. This allows investors to capture a portion of the Nasdaq’s growth while still collecting nearly 20% in distributions.
Efficiency in Execution: Korean managers have established high-speed execution desks that trade directly on US exchanges during New York hours, ensuring no “time-zone premium” is lost.
3. The “SCHD” Evolution: Transforming Dividend Growth into High Income
One of the most fascinating comparisons is in the dividend growth sector. SCHD (Schwab US Dividend Equity) is a favorite for long-term investors, but its 3.4% yield in 2025 often leaves income-hungry retirees wanting more.
Enter the RISE US Dividend 100 Daily Fixed Covered Call (488100). This Korean ETF holds a portfolio nearly identical to SCHD but adds a daily covered call overlay. In 2025, it delivered a whopping 17.8% distribution. For a US investor, this represents the “Holy Grail”: the safety of SCHD’s high-quality value stocks combined with the cash flow of a high-yield instrument.
4. Strategic Diversification for Global Investors
You might ask, “Why should I buy a Korean ETF for US stocks?” The answer is Strategy Diversification. If you only hold JEPQ, you are 100% dependent on JPMorgan’s proprietary management. By adding a Korean-listed fund like KODEX, you are diversifying your income stream across different option-writing methodologies and different geographic regulatory environments.
Furthermore, since many of these funds are Currency Unhedged, they offer a natural hedge. For those holding USD, buying these funds in KRW (Korean Won) at its current undervalued state provides a secondary play on currency mean reversion.
Conclusion: Don’t Leave Yield on the Table
The financial world is no longer a one-way street. While US markets offer the best assets, Korean financial engineering is currently offering the best cash flow extraction from those assets.
With distribution yields reaching near 20% on the Nasdaq 100 and over 17% on dividend growth portfolios, the Korean ETF market is no longer just for locals. For any US investor looking to retire early or maximize their monthly passive income, the Korean “Daily Covered Call” ETFs are the ultimate tool to accelerate your journey to financial freedom.
