David Dziekanski: The End of the Options-Based Income ETF Trade-Off

The options income ETF industry just crossed $1 trillion in assets — and almost nobody is talking about the structural flaw buried inside every one of those products.David Dziekanski, co-founder, CEO, and CIO of Quantify Funds, spent nearly two decades building ETFs — more than 75 of them — before he saw a gap so fundamental he had to build something entirely new. In this episode of Raise Your Average, Pierre Daillie and Mike Philbrick sit down with David to examine what covered call and derivative income ETFs get wrong, why most investors don't realize it, and how Quantify's Stacked Income fund family — powered by Return Stacked ETFs and Convexitas as options sub-advisor — attempts to deliver income, full upside exposure, and genuine diversification without asking investors to choose between them.⏱ Chapters00:00 — Introduction: The $1 trillion problem hiding in options income ETFs 03:00 — David Dziekanski: Career background, Tidal Financial Group, and the founding thesis of Quantify Funds 05:00 — The three design flaws of derivative income ETFs: income targeting, formulaic strategies, and lack of benchmarking 10:00 — Why covered call ETFs became popular — and why advisors accepted the trade-off for so long 13:00 — Delta drift explained: how a 0.74 delta on day one becomes 0.54 by month-end without any manager decision 17:00 — Negative alpha in plain sight: why most covered call products underperform even a T-bill + equity blend 20:00 — Convexitas's three-step options framework: implied vs. realized vol, skew profiling, and tenor selection 24:00 — The core thesis: income without sacrificing total return — ending the trade-off 27:00 — Return stacking as capital efficiency: A + B in a single dollar, and imposed diversification 30:00 — Distribution policy: why Quantify lowers payouts in drawdowns and tops up on rebounds 53:00 — Fee structure: 114 bps on 200% exposure = 57 bps unlevered, and why that beats the competition 55:00 — Daily trade transparency: how Quantify posts options rationale on X every trading day 59:00 — Building behavioral stickiness: transparency, distributions, and investor intuition 01:01:00 — The advisor conversation: aha moments and the covered call education gap 01:05:00 — Simplicity vs. complexity: blind spots are the cost of simple option strategies 01:09:00 — Quantify as "version 3.0" of options income — crawl, walk, run adoption framework 01:11:00 — BTGD, ISBG, ISSB: the Bitcoin + gold stacking thesis and currency debasement 01:15:00 — Gold, Bitcoin, and scarcity assets: what comes after the bazooka 01:22:00 — Closing: why the derivative income category exists, and where it needs to go Links & ResourcesQuantify Funds: quantifyfunds.com Daily trade rationale: Quantify Funds on X (Twitter) Return Stacked ETFs: returnstackedetfs.com Convexitas: convexitas.com#OptionsIncome #CoveredCallETF #ReturnStacking #ETFinvesting #QuantifyFunds #Convexitas #VolatilityHarvesting #BitcoinETF #GoldETF #IncomeInvesting #DividendETF #OptionsStrategy #WealthManagement #AlternativeInvesting #FinancialAdvisor #RaiseYourAverage #ETFEducation #ImpliedVolatility #OptionsAlpha #CurrencyDebasement #PortfolioConstruction #CapitalEfficiency #RetailInvestor #PassiveIncome #SmartBeta