YieldMax PYPL Option Income Strategy ETF
$25.82−0.04 (−0.15%)
- Expense ratio
- 1.31%
- Fund size
- $14M
- 1Y return
- −22.4%
- Yield · Last 12 months
- 63.07%
- Holdings
- 7
- Volume · 30D
- 0M sh
- NAV per share
- $25.78
- 52W range
The ETF.net PYPY Grade
Score 37 of 100 sits in the D 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 4Category 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.DScore 27Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 52Category 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 59Category rank
Our read on PYPY
DPayPal, rented out. PYPY holds a synthetic long in PYPL and sells call spreads against it, turning option premium into cash income and trading away part of any PayPal rally.
The Fund is actively managed to generate weekly income by selling call spreads on PayPal Holdings Inc. (PYPL).
Why people hold it
- Not the usual covered call: it sells call spreads on PYPL, pairing each short strike with a long call further out instead of writing naked upside away.yieldmaxetfs.com
- Actively managed, so strikes and expiries are set by a manager reading PayPal's option market rather than by a fixed rules calendar.yieldmaxetfs.com
- One ticker stands in for building a synthetic PYPL position and writing spreads against it yourself. No options approval, no roll dates to manage.
- Trading since 2023, so the strategy has run through several of PayPal's own sharp moves rather than one calm stretch.
Worth knowing
- At 1.31% a year, it sits above the median for single-stock option income funds. YieldMax siblings TSMY and BRKC run 1.01%.
- The downside stays yours: the synthetic long follows PYPL lower, while the sold spread limits how much of a rebound the fund captures.
- A small fund that trades thinly, which can mean wider bid-ask spreads at the moment you transact.
PYPY Holdings
- Other
- 7
- 105%
- United States Treasury Bill 07/08/2027
Sectors
Geography
PYPY 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 | PYPY |
|---|---|
| Year to date | −9.8% |
| 1 month | −12.8% |
| 3 months | +20.1% |
| 1 year | −22.4% |
| 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 | PYPY |
|---|---|---|
| 2026 YTD | −9.8% | |
| 2025 | −29.8% | |
| 2024 | +29.0% | |
| 2023 | +6.1% |
PYPY in the news
ETF.net Research hasn’t filed on PYPY yet — coverage lands here as it’s written.
PYPY Dividends
- 63.07%
- $16.31
- $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 | $0.16 |
| Sep 3, 2026 | Sep 4, 2026 | $0.15 |
| Aug 27, 2026 | Aug 28, 2026 | $0.24 |
| Aug 20, 2026 | Aug 21, 2026 | $0.30 |
| Aug 13, 2026 | Aug 14, 2026 | $0.53 |
| Aug 6, 2026 | Aug 7, 2026 | $0.60 |
| Jul 30, 2026 | Jul 31, 2026 | $0.53 |
| Jul 23, 2026 | Jul 24, 2026 | $0.59 |
| Jul 16, 2026 | Jul 17, 2026 | $0.24 |
| Jul 9, 2026 | Jul 10, 2026 | $0.21 |
| Jul 2, 2026 | Jul 6, 2026 | $0.17 |
PYPY Risk
- 30.9%
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.
- −0.17
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.
- −53.4%
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.
- 0.57
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PYPY Cost
- The middle half of Single-Stock Option Income funds
- Median 1.07%
67 of the 71 Single-Stock Option Income funds charge less.