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Launched

YieldMax JP Option Income Strategy ETF

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

$13.55+0.16 (+1.21%)

As of Nov 2, 2026, 3:41 PM ET

B63/ 100

Rank 8 of 72 in Single-Stock Option Income

B63/100Rank 8 of 72inSingle-Stock Option Income
Intraday session: up, 75 prints from 13.39 to 13.55. Range 13.42 to 13.55. Use the arrow keys to read each point.13.4313.4513.4713.5013.5310 AM12 PM2 PM4 PM
Expense ratio
1.04%
Fund size
$29M
1Y total return
No data
Yield · Last 12 months
30.03%
Holdings
11
Avg volume · 30D
25.1K sh
52W range
low $13.02high $16.80
Launched

The ETF.net JPO Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
Single-Stock Option Income⁠
Rank
8 of 72
Six-pillar profile for JPO. Scores out of 100: Cost 49, Risk 83, Mission 71, Tradability 57, Holdings not scored, Durability 76. Strongest: Risk (83). Weakest: Cost (49). 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.
    C49 out of 100
    Rank 35 of 72

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A71 out of 100
    Rank 3 of 50

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A83 out of 100
    Rank 8 of 70

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B57 out of 100
    Rank 26 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.
    A76 out of 100
    Rank 14 of 72

Our read on JPO

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Sep 11, 2023

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.Not enough history yet.Not enough history yet.
JPO$9,690
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. JPO $9,690. SPY $10,141. Use the arrow keys to read each point.$9,500$10,000$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – 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 JPO. Periods over one year show the average yearly return.
PeriodJPO
Year to dateHistory unavailableNo data
1 month+2.4%
3 months−3.1%
1 yearHistory unavailableNo data
3 yearsHistory unavailableper 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 JPO
YearReturn barJPO
2026 YTD+7.8%

History from Feb 3, 2026

JPO in the news

JPO 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.
30.03%Last 12 months
Payout per share
$4.02Last 12 months
Last payment
$0.05 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 $0.08; Jan 8, 2026 $0.05; Jan 15, 2026 $0.08; Jan 22, 2026 $0.06; Jan 29, 2026 $0.06; Feb 5, 2026 $0.07; Feb 12, 2026 $0.06; Feb 19, 2026 $0.06; Feb 26, 2026 $0.07; Mar 5, 2026 $0.07; Mar 12, 2026 $0.07; Mar 19, 2026 $0.07; Mar 26, 2026 $0.07; Apr 2, 2026 $0.07; Apr 9, 2026 $0.07; Apr 16, 2026 $0.12; Apr 23, 2026 $0.12; Apr 30, 2026 $0.12; May 7, 2026 $0.10; May 14, 2026 $0.06; May 21, 2026 $0.07; May 28, 2026 $0.07; Jun 4, 2026 $0.06; Jun 11, 2026 $0.07; Jun 18, 2026 $0.09; Jun 25, 2026 $0.08; Jul 2, 2026 $0.11; Jul 9, 2026 $0.09; Jul 16, 2026 $0.08; Jul 23, 2026 $0.09; Jul 30, 2026 $0.10; Aug 6, 2026 $0.10; Aug 13, 2026 $0.09; Aug 20, 2026 $0.07; Aug 27, 2026 $0.06; Sep 3, 2026 $0.05; Sep 10, 2026 $0.05; Sep 17, 2026 $0.05; Sep 24, 2026 $0.05; Oct 1, 2026 $0.05; Oct 8, 2026 $0.05; Oct 15, 2026 $0.05; Oct 22, 2026 $0.05; Oct 29, 2026 $0.05. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 29, 2026Oct 30, 2026$0.05
Oct 22, 2026Oct 23, 2026$0.05
Oct 15, 2026Oct 16, 2026$0.05
Oct 8, 2026Oct 9, 2026$0.05
Oct 1, 2026Oct 2, 2026$0.05
Sep 24, 2026Sep 25, 2026$0.05
Sep 17, 2026Sep 18, 2026$0.05
Sep 10, 2026Sep 11, 2026$0.05
Sep 3, 2026Sep 4, 2026$0.05
Aug 27, 2026Aug 28, 2026$0.06
Aug 20, 2026Aug 21, 2026$0.07
Aug 13, 2026Aug 14, 2026$0.09

See all 81 payments⁠

JPO Risk

Risk pillarA83 out of 100Rank 8 of 70 in Single-Stock Option Income
How much the fund’s monthly returns vary, scaled to a year.
No data available
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.
No data available
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.
No data available
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.
0.73
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.

JPO Cost

Compare JPO and KWIN

Overpaying vs KWIN, cheapest in Single-Stock Option Income

$9,169

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

  • JPO 1.04%

    $19,334

  • KWIN 0.51% Cheapest

    $10,165

$10,000
30 years

Cost over time

  • JPO 1.04%
  • 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$20K051015202530JPO $19,334KWIN $10,165

Year by year

YearJPOKWINOverpaying
10$1,831$918$913
20$6,867$3,527$3,340
30$19,334$10,165$9,169

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