YieldMax JP Option Income Strategy ETF
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$13.31−0.10 (−0.74%)
- 1.04%
- $31M
- 30.92%
- 0M sh
- $13.37
- low $13.02high $16.90
The ETF.net JPO Grade
B
Score 62 out of 100
- 14 of 72
Score 62 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.B56 out of 100Rank 30 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A81 out of 100Rank 8 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 28 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.A72 out of 100Rank 14 of 72
Our read on JPO
BMost single-stock income funds point their machinery at high-voltage tech. JPO aims the same playbook at JPMorgan Chase: options-based exposure to a megacap bank, written calls for current income, and upside limited by the strategy itself.
The Fund seeks current income and indirect exposure to the share-price returns of JPMorgan Chase & Co., with potential gains limited by its options strategy.
Why people hold it
- Same YieldMax playbook, calmer target: a megacap bank instead of a momentum tech name, which puts it among the steadier profiles in a 64-fund single-stock income cohort.
- 1.04% expense ratio, a shade under the typical fee in its options-income cohort and in line with YieldMax siblings like TSMY and BRKC.
- Standard 1940 Act fund built to pay income on a set schedule, so holders get a 1099 instead of a K-1.
Worth knowing
- It doesn't hold JPMorgan shares. Exposure is synthetic through options, so no stock dividends or voting rights, and the calls it writes limit how much of a rally it captures.
- Distributions can include return of capital, meaning part of a payout may be your own principal coming back rather than earned income.
- Trading is lighter than the lineup's headline tech funds, so spreads can widen; limit orders matter more here than in a mega-cap index ETF.
JPO Holdings
- Other
- 9
- 109%
- United States Treasury Note/Bond 2.375% 05/15/2027
JPO 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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JPO$10,027
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 | JPO |
|---|---|
| Year to date | — |
| 1 month | −4.8% |
| 3 months | +0.3% |
| 1 year | — |
| 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 | JPO |
|---|---|---|
| 2026 YTD | +6.8% |
JPO in the news
JPO Dividends
- 30.92%
- $4.15
- $0.05 per share
- Weekly
Distribution history
JPO Risk
- —
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.
- —
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.
- —
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.
- 0.73
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JPO Cost
1.04%
JPO1.04%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
30 of the 71 Single-Stock Option Income funds charge less.
Other funds in Single-Stock Option Income
- BINYYYieldMax INTC Option Income Strategy ETFExpense ratio 0.99%1 year return —
- BMRNYYieldMax MRNA Option Income Strategy ETFExpense ratio 1.00%1 year return +477.1%
- BNFLYYieldMax NFLX Option Income Strategy ETFExpense ratio 1.01%1 year return −38.4%
- BMAROYieldMax MARA Option Income Strategy ETFExpense ratio 1.00%1 year return −55.2%
- BSMCYYieldMax SMCI Option Income Strategy ETFExpense ratio 1.01%1 year return −24.4%