Buy Write Index Returns May 2026

: 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

: Historically, buy-write indices have exhibited about 30% lower volatility than the S&P 500. Performance in Different Market Conditions

The "buy-write" strategy's success is highly dependent on the market's trajectory: buy write index returns

The is a benchmark designed to track a "buy-write" or covered call strategy, where you hold the S&P 500 index and sell monthly at-the-money (ATM) call options against it. Historical Performance Summary

: Provides a "buffer" because the premium received from selling the call option offsets some of the losses. For example, it significantly outperformed in 2000. : Typically underperforms

: For the 12 months ending in April 2026, the index gained approximately 17.84% .

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. : For the 12 months ending in April

: As of late 2025/early 2026, the BXM's 10-year annualized return was approximately 6.2% to 7.2% .