YieldMax HIMS 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.
$11.58−0.22 (−1.86%)
- 1.01%
- $13M
- −39.3%
- 0.1M sh
- $11.91
- low $9.53high $53.97
The ETF.net HIYY Grade
C
Score 54 out of 100
- 30 of 72
Score 54 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.B66 out of 100Rank 21 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.F15 out of 100Rank 62 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 44 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.B57 out of 100Rank 32 of 72
Our read on HIYY
CTurns one volatile telehealth stock into a monthly income stream: HIYY takes synthetic exposure to Hims & Hers and sells calls against it, trading away part of the upside for option premium.
The Fund seeks current income while providing indirect exposure to Hims & Hers Health Inc.'s share-price returns, generally subject to a limit on potential gains. It primarily uses a synthetic covered call or covered call spread strategy.
Why people hold it
- Charges 1.01%, a shade under the typical single-stock option income fund and less than HMYY, the other fund built on the same Hims & Hers exposure.
- Pays monthly, with cash generated by writing options rather than by dividends, and the synthetic structure gets the exposure without buying the shares outright.
- Actively managed inside a standard 1940 Act ETF wrapper, and it lands in the upper half of a crowded field of single-stock income funds.
Worth knowing
- Upside is capped by design, downside is not: the covered call spread limits how much of a Hims & Hers rally you keep while the drops come through.
- One stock, one story. Moves here are far wider than a diversified income fund, and the premium collected rises and falls with that volatility.
- A 2025 launch with a modest asset base and moderate trading, so spreads can run wider than in the market's biggest income ETFs.
HIYY Holdings
- Other
- 8
- 109%
- United States Treasury Note/Bond 2.375% 05/15/2027
HIYY 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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HIYY$6,074
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 | HIYY |
|---|---|
| Year to date | −6.8% |
| 1 month | +10.4% |
| 3 months | −8.5% |
| 1 year | −39.3% |
| 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 | HIYY |
|---|---|---|
| 2026 YTD | −6.8% | |
| 2025 | −35.5% |
HIYY in the news
HIYY Dividends
- $0.15 per share
- Weekly
Distribution data unavailable.
Distribution history
HIYY Risk
- 75.1%
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.
- −73.8%
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.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HIYY Cost
1.01%
HIYY1.01%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
19 of the 71 Single-Stock Option Income funds charge less.
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