YieldMax PYPL Option Income Strategy ETF
DThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$26.10+0.08 (+0.31%)
- 1.31%
- $13M
- −21.3%
- 64.26%
- 0M sh
- $25.81
- low $24.15high $57.00
The ETF.net PYPY Grade
D
Score 36 out of 100
- 58 of 72
Score 36 of 100 falls in the D 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.F4 out of 100Rank 69 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.B67 out of 100Rank 23 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 51 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 30 of 72Holdings
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 29 of 72
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
- 6
- 110%
- United States Treasury Bill 07/08/2027
Sectors
- Financials100.0%
Geography
- United States100.00%
PYPY 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.
PYPY$7,872
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 | PYPY |
|---|---|
| Year to date | −7.6% |
| 1 month | +1.2% |
| 3 months | +14.9% |
| 1 year | −21.3% |
| 3 years | −2.9% |
| 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 | −7.6% | |
| 2025 | −29.8% | |
| 2024 | +29.0% | |
| 2023 | +6.1% |
PYPY in the news
PYPY Dividends
- 64.26%
- $16.74
- $0.13 per share
- Weekly
Distribution history
PYPY Risk
- 30.5%
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.
- −0.18
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.
- 0.56
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
1.31%
PYPY1.31%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
67 of the 71 Single-Stock Option Income funds charge less.
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- DNFLPKurv Yield Premium Strategy Netflix (NFLX) ETFExpense ratio 1.15%1 year return −46.4%
- DXYZYYieldMax XYZ Option Income Strategy ETFExpense ratio 1.36%1 year return −3.9%