YieldMax HOOD 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.
$29.79−0.12 (−0.38%)
History starts May 8, 2025.
- Expense ratio
- 0.99%
- Fund size
- $168M
- 1Y return
- −3.6%
- Yield · Last 12 months
- 106.00%
- Volume · 30D
- 0.1M sh
- NAV per share
- $29.61
- 52W range
The ETF.net HOOY Grade
Score 65 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.AScore 83Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 65Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 29Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category 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.BScore 68Category rank
Our read on HOOY
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.
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 Holdings
- Other
- —
- 104%
- HOOD 10/16/2026 95.01 C
HOOY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HOOY$9,644
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 | HOOY |
|---|---|
| Year to date | +8.3% |
| 1 month | +13.7% |
| 3 months | +12.7% |
| 1 year | −3.6% |
| 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 | HOOY |
|---|---|---|
| 2026 YTD | +8.3% | |
| 2025 | +66.0% |
HOOY in the news
HOOY Dividends
- 106.00%
- $31.69
- $0.41 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.41 |
| Sep 10, 2026 | Sep 11, 2026 | $0.58 |
| Sep 3, 2026 | Sep 4, 2026 | $0.36 |
| Aug 27, 2026 | Aug 28, 2026 | $0.39 |
| Aug 20, 2026 | Aug 21, 2026 | $0.31 |
| Aug 13, 2026 | Aug 14, 2026 | $0.31 |
| Aug 6, 2026 | Aug 7, 2026 | $0.31 |
| Jul 30, 2026 | Jul 31, 2026 | $0.33 |
| Jul 23, 2026 | Jul 24, 2026 | $0.41 |
| Jul 16, 2026 | Jul 17, 2026 | $0.63 |
| Jul 9, 2026 | Jul 10, 2026 | $0.67 |
| Jul 2, 2026 | Jul 6, 2026 | $0.43 |
HOOY Risk
- 52.8%
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.
- 0.61
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.
- −51.0%
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.
- 2.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HOOY Cost
0.99%
HOOY0.99%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
5 of the 71 Single-Stock Option Income funds charge less.