YieldMax Innovation Option Income Strategy ETF
$30.27−0.33 (−1.06%)
- Expense ratio
- 1.00%
- Fund size
- $33M
- 1Y return
- +8.2%
- Yield · Last 12 months
- 55.00%
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $30.46
- 52W range
The ETF.net OARK Grade
Score 15 of 100 sits in the F 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.FScore 2Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 70Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 16Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 28Category 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 60Category rank
Our read on OARK
FOARK owns no stock. It uses options to mirror the price moves of the ARK Innovation ETF and sells calls against that exposure, turning a growth basket that pays no dividends into an income position, with upside limited by design.
The Fund seeks current income while providing indirect exposure to the share-price returns of the ARK Innovation ETF, subject to limited participation in potential gains.
Why people hold it
- Synthetic build: options stand in for the shares while calls are written against that exposure. A high-octane growth basket becomes a source of current income instead of pure price bets.yieldmaxetfs.com
- The prospectus states the bargain plainly: current income, indirect exposure to ARK Innovation's share-price returns, limited participation in gains. Little is left to interpretation.yieldmaxetfs.com
- The reference is a whole innovation portfolio, not one founder's stock, so no single earnings call sets the tone for the strategy.
- Payouts can include return of capital, and the fund discloses that in its own filings rather than leaving shareholders to work it out from the statements.yieldmaxetfs.com
Worth knowing
- The fee is 1.00% a year, above the 0.74% median for its option-income group and well above cheaper peers like DJIA at 0.60%. The income has a higher bar to clear.
- Written calls cap participation in rallies while the downside exposure stays. Upside is traded away for income, which is the whole mechanism.
- It is a small fund that trades lightly, so bid-ask spreads can be wider than in the big names of the category. Limit orders are the standard tool here.
OARK Holdings
- Other
- 6
- 106%
- United States Treasury Note/Bond 2.375% 05/15/2027
OARK 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 | OARK |
|---|---|
| Year to date | +15.6% |
| 1 month | +4.5% |
| 3 months | +9.0% |
| 1 year | +8.2% |
| 3 years | +21.1% |
| 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 | OARK |
|---|---|---|
| 2026 YTD | +15.6% | |
| 2025 | +20.6% | |
| 2024 | +7.4% | |
| 2023 | +20.2% | |
| 2022 | −9.1% |
OARK in the news
ETF.net Research hasn’t filed on OARK yet — coverage lands here as it’s written.
OARK Dividends
- 55.00%
- $16.90
- $0.16 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.16 |
| Sep 10, 2026 | Sep 11, 2026 | $0.21 |
| Sep 3, 2026 | Sep 4, 2026 | $0.23 |
| Aug 27, 2026 | Aug 28, 2026 | $0.23 |
| Aug 20, 2026 | Aug 21, 2026 | $0.14 |
| Aug 13, 2026 | Aug 14, 2026 | $0.15 |
| Aug 6, 2026 | Aug 7, 2026 | $0.20 |
| Jul 30, 2026 | Jul 31, 2026 | $0.21 |
| Jul 23, 2026 | Jul 24, 2026 | $0.23 |
| Jul 16, 2026 | Jul 17, 2026 | $0.28 |
| Jul 9, 2026 | Jul 10, 2026 | $0.31 |
| Jul 2, 2026 | Jul 6, 2026 | $0.24 |
OARK Risk
- 29.0%
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.
- 0.48
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.
- −35.4%
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.
- 1.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OARK Cost
- The middle half of Other Index Option Income funds
- Median 0.74%
Every other Other Index Option Income fund charges less.