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YieldMax COIN Option Income Strategy ETF
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$19.20+0.12 (+0.63%)
- 1.04%
- $376M
- −42.2%
- 132.01%
- 0.5M sh
- $19.02
- low $17.22high $72.60
The ETF.net CONY Grade
B
Score 56 out of 100
- 25 of 72
Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B56 out of 100Rank 30 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.A70 out of 100Rank 7 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F16 out of 100Rank 60 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 12 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A86 out of 100Rank 1 of 72
Our read on CONY
BCoinbase's stock swings are the raw material here. CONY sells call spreads on COIN to turn that volatility into a recurring paycheck, while keeping a slice of the stock's upside instead of trading all of it away.
CONY is actively managed to generate weekly income by selling call spreads on Coinbase Global Inc., while retaining some participation in the underlying stock's appreciation.
Why people hold it
- Call spreads, not plain covered calls. The structure is built to keep some participation in COIN rallies rather than surrender the whole move for premium.
- Fee of 1.04% sits mid-pack for COIN income funds, between Bitwise's ICOI at 0.96% and GraniteShares' COYY at 1.07%.
- Income lands weekly, not quarterly, and the fund is actively managed rather than run off a fixed options calendar.
- A multi-hundred-million-dollar fund with steady volume for a niche single-stock strategy, and one of the stronger implementations in the small COIN income group.
Worth knowing
- You hold an options package, not Coinbase shares: no direct stake in the company, and upside is bounded by the calls the fund writes.
- Payouts come from premium on one very volatile stock, with no declared target rate, so the size of each distribution moves with the market.
- Launched in 2023, so the track record spans only a short slice of crypto's boom-and-bust cycles.
CONY Holdings
- Other
- 12
- 113%
- United States Treasury Note/Bond 2.375% 05/15/2027
Geography
- United States100.00%
CONY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
CONY$5,778
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CONY |
|---|---|
| Year to date | −15.1% |
| 1 month | +3.4% |
| 3 months | +16.3% |
| 1 year | −42.2% |
| 3 years | +12.1% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CONY |
|---|---|---|
| 2026 YTD | −15.1% | |
| 2025 | −25.6% | |
| 2024 | +24.9% | |
| 2023 | +80.5% |
CONY in the news
CONY Dividends
- 132.01%
- $25.19
- $0.22 per share
- Weekly
Distribution history
CONY Risk
- 62.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.42
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −63.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CONY Cost
1.04%
CONY1.04%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
30 of the 71 Single-Stock Option Income funds charge less.
Other funds in Single-Stock Option Income
- BRBLYYieldMax RBLX Option Income Strategy ETFExpense ratio 0.99%1 year return −60.7%
- BYSPCYIELDMAX SPCX OPTION INCOME STRATEGY ETFExpense ratio 1.01%1 year return —
- BCRCOYieldMax CRCL Option Income Strategy ETFExpense ratio 1.01%1 year return −31.4%
- BFIATYieldMax Short COIN Option Income Strategy ETFExpense ratio 1.05%1 year return +36.7%
- BMUYYGraniteShares YieldBOOST MU ETFExpense ratio 1.07%1 year return —