Category Review
The median crypto option-income fund lost more than bitcoin over the year and trailed its rebound
YieldMax Crypto Industry & Tech Portfolio Option Income ETF
$18.04−0.09 (−0.50%)
- 1.02%
- $96M
- −13.2%
- 76.19%
- 0M sh
- $18.26
- low $17.75high $38.40
The ETF.net LFGY Grade
C
Score 42 out of 100
- 11 of 22
Score 42 of 100 falls in the C 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.F17 out of 100Rank 18 of 22Mission
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.B67 out of 100Rank 5 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 10 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 3 of 14Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 11 of 22
Our read on LFGY
CYieldMax made its name on single-stock option income. LFGY is the spread-out version: an actively managed basket of crypto-industry and tech stocks with options written against them, paying out monthly.
The actively managed fund seeks current income and capital appreciation through a portfolio of U.S.-listed equity securities issued by crypto-industry and technology companies, while using options on those securities and related ETFs to generate income.
Why people hold it
- Not a one-ticker bet. Roughly 70 crypto-industry and tech positions carry the options overlay, so no single name drives the whole payout.
- The mandate chases current income and capital appreciation, and it's actively run, so the option book can move with the names instead of tracking a fixed index.
- Distributions come monthly, a steadier rhythm than the quarterly norm.
Worth knowing
- The 1.02% expense ratio sits above the median for crypto option-income funds. SPBC and CEPI deliver their own crypto-plus-income tilt for less.
- Writing calls on the holdings is what funds the payout, and it trims how much of a crypto-equity rally the fund keeps.
- Launched in 2025, so the risk read rests on a short history, and it currently lands in the lower half of its crypto option-income peer group.
LFGY Holdings
- Stocks
- 56
- 60%
- First American Government Obligations Fund 12/01/2031
Sectors
- Financials55.6%
- Technology33.9%
- Communication6.3%
- Consumer Discretionary4.2%
Geography
- United States77.20%
- Norway5.95%
- Uruguay4.40%
- Brazil4.35%
- Australia3.13%
- Cayman Islands2.73%
- Singapore2.24%
LFGY Performance
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.
LFGY$8,684
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 | LFGY |
|---|---|
| Year to date | +8.3% |
| 1 month | −6.9% |
| 3 months | −0.6% |
| 1 year | −13.2% |
| 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 | LFGY |
|---|---|---|
| 2026 YTD | +8.3% | |
| 2025 | −5.8% |
LFGY in the news
LFGY Dividends
- 76.19%
- $13.81
- $0.15 per share
- Weekly
Distribution history
LFGY Risk
- 33.9%
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.
- 0.11
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.
- −35.8%
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.
- 1.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LFGY Cost
1.02%
LFGY1.02%
- The middle half of Crypto Option Income funds
- Median 0.85%
16 of the 21 Crypto Option Income funds charge less.
Other funds in Crypto Option Income
- CNEHINEOS Ethereum High Income ETFExpense ratio 0.98%1 year return —
- CXRPMAmplify ETF Trust - Amplify XRP 3% Monthly Option Income ETFExpense ratio 0.75%1 year return —
- CYETHRoundhill Investments - Ether Covered Call Strategy ETFExpense ratio 0.96%1 year return −32.4%
- CBPIGrayscale Bitcoin Premium Income ETFExpense ratio 0.66%1 year return −25.6%
- CEHYAmplify ETF Trust - Amplify Ethereum Max Income Covered Call ETFExpense ratio 0.75%1 year return −45.7%