YieldMax JP Option Income Strategy ETF
$13.57−0.10 (−0.73%)
- Expense ratio
- 1.04%
- Fund size
- $33M
- 1Y return
- —
- Yield · Last 12 months
- 32.40%
- Volume · 30D
- 0M sh
- NAV per share
- $14.06
- 52W range
The ETF.net JPO Grade
Score 63 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.BScore 56Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 82Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 55Category 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.AScore 72Category rank
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
- —
- 106%
- 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.
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 | JPO |
|---|---|
| Year to date | — |
| 1 month | −2.5% |
| 3 months | +2.8% |
| 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 | +7.7% |
JPO in the news
ETF.net Research hasn’t filed on JPO yet — coverage lands here as it’s written.
JPO Dividends
- 32.40%
- $4.43
- $0.05 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.05 |
| Sep 10, 2026 | Sep 11, 2026 | $0.05 |
| Sep 3, 2026 | Sep 4, 2026 | $0.05 |
| Aug 27, 2026 | Aug 28, 2026 | $0.06 |
| Aug 20, 2026 | Aug 21, 2026 | $0.07 |
| Aug 13, 2026 | Aug 14, 2026 | $0.09 |
| Aug 6, 2026 | Aug 7, 2026 | $0.10 |
| Jul 30, 2026 | Jul 31, 2026 | $0.10 |
| Jul 23, 2026 | Jul 24, 2026 | $0.09 |
| Jul 16, 2026 | Jul 17, 2026 | $0.08 |
| Jul 9, 2026 | Jul 10, 2026 | $0.09 |
| Jul 2, 2026 | Jul 6, 2026 | $0.11 |
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.
- 0.71
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
- The middle half of Single-Stock Option Income funds
- Median 1.07%
30 of the 71 Single-Stock Option Income funds charge less.