I prefer RYLD to QYLD for implied volatility. It isn’t quite true that they lack downside protection…though their upside is limited, they tend to fall far slower than the index too. And on Seeking Alpha and elsewhere you can see you would be ahead from inception if you are reinvesting the divs, gaining far more Han the price loss. And if you are just after income and never plan on withdrawing- they offer a great yield superior to JEPI.

JEPI is great, NUSI is great , there are some Blackrock call-write ETFs too, and QYLD,XYLD,RYLD and related ones that only write calls on some and you gain capital as well( but less yield.) basically, find the one that suits your individual circumstances. None of them are bad and all of them have some drawback or trade off somewhere.