YieldMax CVNA Option Income Strategy ETF
CThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$18.80+0.64 (+3.52%)
- 1.09%
- $19M
- +16.1%
- 104.73%
- 22.7K sh
- low $15.63high $43.18
The ETF.net CVNY Grade
C
Score 51 out of 100
- 36 of 72
Score 51 of 100 falls in the C 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.C40 out of 100Rank 43 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.A70 out of 100Rank 4 of 50Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 35 of 70Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 37 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.B59 out of 100Rank 29 of 72
Our read on CVNY
In short
CMost option-income funds sell calls and cap you out. CVNY sells call spreads on Carvana instead, buying back an upper strike so some of the stock's appreciation stays on the table while premium comes in. Launched 2025, pays monthly.
Stated mandate
The fund seeks weekly income by systematically selling call spreads on Carvana Co. while retaining participation in the stock's appreciation.
Why people hold it
Worth knowing
CVNY Holdings
- Stocks
- 9
- 117%
- United States Treasury Bill 02/18/2027
Geography
- United States100.00%
CVNY 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.Not enough history yet.
CVNY$11,614
Returns run to the Oct 30, 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 | CVNY |
|---|---|
| Year to date | −12.0% |
| 1 month | +8.1% |
| 3 months | +10.4% |
| 1 year | +16.1% |
| 3 years | |
| 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 | CVNY |
|---|---|---|
| 2026 YTD | −12.0% | |
| 2025 | +59.7% |
CVNY in the news
CVNY Dividends
- 104.73%
- $19.02
- $0.19 per share
- Weekly
CVNY Risk
- 44.3%
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.
- 0.54
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.
- −41.6%
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.
- 1.44
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
CVNY Cost
Overpaying vs KWIN, cheapest in Single-Stock Option Income
$9,968
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
CVNY 1.09%
$20,133
KWIN 0.51% Cheapest
$10,165
Cost over time
Year by year
| Year | CVNY | KWIN | Overpaying |
|---|---|---|---|
| 10 | $1,915 | $918 | $997 |
| 20 | $7,166 | $3,527 | $3,639 |
| 30 | $20,133 | $10,165 | $9,968 |
Other funds in Single-Stock Option Income
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- CAIYYYieldMax AI Option Income Strategy ETFExpense ratio 0.99%1 year return −41.7%
- CMUYYGraniteShares YieldBOOST MU ETFExpense ratio 1.18%1 year return
- CCOYYGraniteShares YieldBOOST COIN ETFExpense ratio 1.14%1 year return −58.9%
- CAHDGraniteShares Autocallable HOOD ETFExpense ratio 1.18%1 year return
