: For the 12 months ending in April 2026, the index gained approximately 17.84% .
: As of late 2025/early 2026, the BXM's 10-year annualized return was approximately 6.2% to 7.2% . buy write index returns
: Historically, buy-write indices have exhibited about 30% lower volatility than the S&P 500. Performance in Different Market Conditions : For the 12 months ending in April
The strategy typically offers lower volatility and higher income than owning the index outright, but it tends to underperform in strong bull markets due to the "cap" on upside gains. The BXM underperformed the S&P 500 in every
: This is the "sweet spot." It outperformed the S&P 500 in 5 out of 7 periods where the index posted annual returns of 10% or less.
: Typically underperforms. The BXM underperformed the S&P 500 in every single year (13 out of 13) where the market rose by more than 10%. Key Benchmark Comparisons BXY Index Dashboard - Cboe Global Indices
The "buy-write" strategy's success is highly dependent on the market's trajectory: