YieldMax Innovation Option Income Strategy ETF
FThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$29.25−0.14 (−0.48%)
- 1.00%
- $31M
- +4.4%
- 53.37%
- 0M sh
- $29.84
- low $26.89high $47.00
The ETF.net OARK Grade
F
Score 15 out of 100
- 23 of 24
Score 15 of 100 falls in the F 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.F2 out of 100Rank 23 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.A70 out of 100Rank 4 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F15 out of 100Rank 22 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D28 out of 100Rank 21 of 24Holdings
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.B60 out of 100Rank 13 of 24
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
- 10
- 104%
- 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.
Not enough history yet.Not enough history yet.
OARK$10,439
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 | OARK |
|---|---|
| Year to date | +12.9% |
| 1 month | +4.1% |
| 3 months | +4.4% |
| 1 year | +4.4% |
| 3 years | +19.5% |
| 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 | +12.9% | |
| 2025 | +20.6% | |
| 2024 | +7.4% | |
| 2023 | +20.2% | |
| 2022 | −9.1% |
OARK in the news
Category Review
The largest alternatives fund has no one-year record
OARK Dividends
- 53.37%
- $15.72
- $0.17 per share
- Weekly
Distribution history
OARK Risk
- 28.6%
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.
- 0.60
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.
- 1.55
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
1.00%
OARK1.00%
- The middle half of Other Index Option Income funds
- Median 0.73%
Every other Other Index Option Income fund charges less.
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