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.
$16.77+0.11 (+0.66%)
- 1.09%
- $20M
- −1.4%
- 125.60%
- 0M sh
- $17.59
- low $16.65high $43.18
The ETF.net CVNY Grade
C
Score 43 out of 100
- 37 of 72
Score 43 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.F16 out of 100Rank 60 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.C44 out of 100Rank 36 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 49 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.B55 out of 100Rank 35 of 72
Our read on CVNY
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.
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
- Call spreads, not plain covered calls. The bought upper strike is the whole point: the fund keeps participation in Carvana's appreciation instead of handing all of it to the option buyer.yieldmaxetfs.com
- The option book is run for weekly income; cash goes out to shareholders monthly. A steady cadence rather than a quarterly wait.
- The 1.09% fee sits right around what single-stock option income funds typically charge. The spread structure doesn't cost extra versus plainer siblings like TSMY or BRKC.
- Sits in the upper half of a crowded single-stock option income field, and the fund has run the strategy its documents describe.
Worth knowing
- The Carvana exposure is built synthetically with options, not by owning shares. You hold a derivatives package tracking the stock, not the stock.
- A small fund that trades thinly, so bid/ask spreads can run wider than in heavily traded ETFs and fills need more care.
- One stock, one story. The spread softens the upside cap but does nothing to spread out Carvana-specific risk, and the fee is far above a broad index fund's.
CVNY Holdings
- Stocks
- 10
- 128%
- 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.
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CVNY$9,862
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 | CVNY |
|---|---|
| Year to date | −21.9% |
| 1 month | −10.5% |
| 3 months | −6.4% |
| 1 year | −1.4% |
| 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 | −21.9% | |
| 2025 | +59.7% |
CVNY in the news
CVNY Dividends
- 125.60%
- $20.92
- $0.20 per share
- Weekly
Distribution history
CVNY Risk
- 45.2%
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.
- 0.45
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.
CVNY Cost
1.09%
CVNY1.09%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
58 of the 71 Single-Stock Option Income funds charge less.
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- CAMYYGraniteShares YieldBOOST AMD ETFExpense ratio 1.07%1 year return +24.9%
- CCOYYGraniteShares YieldBOOST COIN ETFExpense ratio 1.07%1 year return −58.5%
- CXOMOYieldMax XOM Option Income Strategy ETFExpense ratio 1.17%1 year return +36.8%
- CSMYYGraniteShares YieldBOOST SMCI ETFExpense ratio 1.07%1 year return −32.9%