Kelly Intelligence, an ETF manager, offers collared investing options that are often overlooked by investors. Despite being small with only a $15 million fund, the ETFs QUP and QDWN aim to profit from daily drops in the Nasdaq 100 Index or capture unlimited upside through zero days to expiration options, respectively.

QDWN aims to profit from daily drops in the Nasdaq 100 Index by investing in cash-settled index put options, with a maximum loss of 10% in a day. Meanwhile, QUP follows a similar strategy but bets on unlimited upside through call options, using a 90% buffer of short-term U.S. Treasury securities.

QUP and QDWN have shown promising returns, with QUP outperforming QQQ by producing a return of over 44% in a 6-month period. On the other hand, QDWN struggled in a market that saw QQQ rise, losing 63% in the same timeframe.

While these ETFs are not meant for large investments, they can be used to enhance or defend overall portfolio returns when used alongside other equity ETFs. The zero days to expiration options offered by QUP and QDWN provide a unique strategy without the need for daily trading.

Read more at Barchart: These 2 ETFs May Be the Best-Kept Secrets on Wall Street