NIHI Observations

Since the Iran conflict has started and the International market began getting pummeled, NIHI has been sinking faster than it's underlying, IEFA. I've noticed the percentage drop each day has been more than IEFA itself. Not sure why that is but I'm assuming it may have something to do with the covered call nature of the fund. Seems other funds such as SPYI and QQQI are holding up a bit better and generally don't lose as much as their index.

Not sure what the major difference is other than SPYI and QQQI are aligned to indexes and NIHI is aligned to IEFA. Nonetheless I thought it would track closer to what IEFA is losing instead of an extra .1% or more.