High-Dividend Stocks, Crude Oil ETFs Shine Amid July Market Correction

In July, high-dividend stocks, crude oil, and China-related exchange-traded funds (ETFs) posted strong returns despite a decline of over 20% in the KOSPI.

The RISE 200 High Dividend Covered Call ATM ETF led the pack with an 18.15% return, outperforming other high-dividend stock ETFs like KODEX Bank and TIGER Bank, which returned 7.03% and 6.97%, respectively.

Crude oil-related products also fared well, with KODEX WTI Crude Oil Futures and TIGER Crude Oil Futures Enhanced (H) rising 17.57% and 16.99%, respectively.

The gains in crude oil ETFs were attributed to increasing international oil prices due to tensions between the US and Iran, which heightened concerns over supply disruptions from a potential blockade of the Strait of Hormuz.