HMAX SMAX UMAX etfs

They are certainly strong ways to generate passive income. The only thing you need to understand is that that income doesn't come out of thin air, and it must either generate that income through covered calls or even pay out a return of capital distribution, which is essentially you getting your own money back.

These "passive income" style ETFs have exploded in popularity in a post-pandemic environment and I'd wager good money that when we look back at them 5-10 years down the road, they will be trailing their respective benchmarks by wide margins.

I've never been much of a fan of these funds, however they draw a lot of investors in who obsess with earning income.