YieldMax COIN Option Income Strategy ETF
This fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$21.31−0.20 (−0.93%)
History starts Aug 15, 2023.
- Expense ratio
- 1.04%
- Fund size
- $403M
- 1Y return
- −34.9%
- Yield · Last 12 months
- 113.56%
- Holdings
- 6
- Volume · 30D
- 0.5M sh
- NAV per share
- $21.49
- 52W range
The ETF.net CONY Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 56Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 70Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 17Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 68Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 85Category rank
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
- 6
- 108%
- United States Treasury Note/Bond 2.375% 05/15/2027
Geography
CONY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
CONY$6,510
Returns run to the Sep 22, 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 | −7.9% |
| 1 month | +6.8% |
| 3 months | +21.5% |
| 1 year | −34.9% |
| 3 years | +17.9% |
| 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 | −7.9% | |
| 2025 | −25.6% | |
| 2024 | +24.9% | |
| 2023 | +80.5% |
CONY in the news
CONY Dividends
- 113.56%
- $24.43
- $0.30 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.30 |
| Sep 10, 2026 | Sep 11, 2026 | $0.34 |
| Sep 3, 2026 | Sep 4, 2026 | $0.27 |
| Aug 27, 2026 | Aug 28, 2026 | $0.35 |
| Aug 20, 2026 | Aug 21, 2026 | $0.22 |
| Aug 13, 2026 | Aug 14, 2026 | $0.23 |
| Aug 6, 2026 | Aug 7, 2026 | $0.26 |
| Jul 30, 2026 | Jul 31, 2026 | $0.29 |
| Jul 23, 2026 | Jul 24, 2026 | $0.28 |
| Jul 16, 2026 | Jul 17, 2026 | $0.24 |
| Jul 9, 2026 | Jul 10, 2026 | $0.28 |
| Jul 2, 2026 | Jul 6, 2026 | $0.24 |
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.
- 0.40
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.
- 2.34
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.