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YieldMax HOOD Option Income Strategy ETF

HOOYNYSE ArcaYieldMaxBThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$19.62−0.16 (−0.81%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: down, 79 prints from 19.78 to 19.62. Range 19.60 to 20.35. Use the arrow keys to read each point.20.0020.2010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$106M
1Y total return
−38.6%
Yield · Last 12 months
130.05%
Holdings
12
Avg volume · 30D
146K sh
52W range
low $19.25high $69.05
Launched
Filings
SEC EDGAR

The ETF.net HOOY Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Rank
8 of 72
Six-pillar profile for HOOY. Scores out of 100: Cost 77, Risk 25, Mission 70, Tradability 64, Holdings not scored, Durability 70. Strongest: Cost (77). Weakest: Risk (25). Based on 5 of 6 pillars.

Score 63 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.
    A77 out of 100
    Rank 10 of 72
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A70 out of 100
    Rank 4 of 50
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D25 out of 100
    Rank 57 of 70
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 16 of 72
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 17 of 72

Our read on HOOY

ETF.net Research

In short

BMost single-stock income funds sell calls and slam the lid on upside. HOOY sells call spreads on Robinhood stock, harvesting option premium while keeping a slice of the move above the short strike.

Stated mandate

The fund seeks weekly income by selling call spreads on HOOD while retaining some participation in HOOD's share-price appreciation.

Why people hold it

  • The call-spread design is the point: the fund aims for option income while retaining some participation in HOOD's share-price appreciation, rather than capping it flat at one strike.yieldmaxetfs.com
  • 0.99% expense ratio, below the going rate for single-stock option-income funds and under the 1.07% charged by sibling HOOD income fund HOYY.
  • Income is the stated mission, on a weekly cadence, and the fund ranks among the stronger implementations in a crowded single-stock overlay peer group.yieldmaxetfs.com

Worth knowing

  • Exposure is synthetic: the fund uses options on HOOD rather than owning the shares, so there are no shareholder rights and no company dividends passed through.
  • One stock drives everything. Downside largely follows HOOD, and premium income moves with HOOD's option volatility, so payout size varies period to period.
  • Launched in 2025, so the track record is short relative to older option-income strategies.

HOOY Performance

Launched May 7, 2025

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.
HOOY$6,137
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. HOOY $6,137. SPY $11,199. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

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.

Trailing total return for HOOY. Periods over one year show the average yearly return.
PeriodHOOY
Year to date−22.3%
1 month−22.1%
3 months−4.3%
1 year−38.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HOOY
YearReturn barHOOY
2026 YTD−22.3%
2025+66.0%

History from May 8, 2025

HOOY in the news

HOOY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
130.05%Last 12 months
Payout per share
$25.72Last 12 months
Last payment
$0.26 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution history

2026

One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.57; Jan 8, 2026 $0.55; Jan 15, 2026 $0.55; Jan 22, 2026 $0.46; Jan 29, 2026 $0.45; Feb 5, 2026 $0.36; Feb 12, 2026 $0.34; Feb 19, 2026 $0.33; Feb 26, 2026 $0.34; Mar 5, 2026 $0.38; Mar 12, 2026 $0.43; Mar 19, 2026 $0.42; Mar 26, 2026 $0.38; Apr 2, 2026 $0.38; Apr 9, 2026 $0.40; Apr 16, 2026 $0.44; Apr 23, 2026 $0.68; Apr 30, 2026 $0.50; May 7, 2026 $0.41; May 14, 2026 $0.43; May 21, 2026 $0.36; May 28, 2026 $0.34; Jun 4, 2026 $0.61; Jun 11, 2026 $0.35; Jun 18, 2026 $0.55; Jun 25, 2026 $0.65; Jul 2, 2026 $0.43; Jul 9, 2026 $0.67; Jul 16, 2026 $0.63; Jul 23, 2026 $0.41; Jul 30, 2026 $0.33; Aug 6, 2026 $0.31; Aug 13, 2026 $0.31; Aug 20, 2026 $0.31; Aug 27, 2026 $0.39; Sep 3, 2026 $0.36; Sep 10, 2026 $0.58; Sep 17, 2026 $0.41; Sep 24, 2026 $0.46; Oct 1, 2026 $0.43; Oct 8, 2026 $0.34; Oct 15, 2026 $0.30; Oct 22, 2026 $0.26; Oct 29, 2026 $0.26. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 29, 2026Oct 30, 2026$0.26
Oct 22, 2026Oct 23, 2026$0.26
Oct 15, 2026Oct 16, 2026$0.30
Oct 8, 2026Oct 9, 2026$0.34
Oct 1, 2026Oct 2, 2026$0.43
Sep 24, 2026Sep 25, 2026$0.46
Sep 17, 2026Sep 18, 2026$0.41
Sep 10, 2026Sep 11, 2026$0.58
Sep 3, 2026Sep 4, 2026$0.36
Aug 27, 2026Aug 28, 2026$0.39
Aug 20, 2026Aug 21, 2026$0.31
Aug 13, 2026Aug 14, 2026$0.31

See all 60 payments⁠

$10,000 in HOOY 1 year ago paid $3,778 in dividends.⁠

HOOY Risk

How much the fund’s monthly returns vary, scaled to a year.
53.9%
Annualised · 17 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.32
vs 3-month T-bills · 17 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−51.0%
17 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
1.97
vs its asset-class index
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.

HOOY Cost

Overpaying vs KWIN, cheapest in Single-Stock Option Income

$8,360

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HOOY 0.99%

    $18,525

  • KWIN 0.51% Cheapest

    $10,165

$10,000
30 years

Cost over time

  • HOOY 0.99%
  • KWIN 0.51%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HOOY $18,525KWIN $10,165

Year by year

YearHOOYKWINOverpaying
10$1,746$918$828
20$6,565$3,527$3,038
30$18,525$10,165$8,360

Other funds in Single-Stock Option Income