YieldMax RDDT Option Income Strategy ETF
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$15.20−0.33 (−2.12%)
- 1.01%
- $23M
- −15.0%
- 137.56%
- 0M sh
- $15.55
- low $14.47high $45.10
The ETF.net RDYY Grade
B
Score 58 out of 100
- 18 of 72
Score 58 of 100 falls in the B 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.B66 out of 100Rank 21 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.A70 out of 100Rank 7 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 48 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.C52 out of 100Rank 41 of 72
Our read on RDYY
BYieldMax's Reddit trade with a twist: rather than selling plain calls and capping the stock cold, RDYY sells call spreads on RDDT, harvesting premium while keeping room to ride part of the move. Premium in, distributions out monthly.
RDYY is actively managed to generate weekly income by selling call spreads on Reddit Inc. The strategy seeks option premiums from RDDT volatility while retaining participation in its share-price appreciation.
Why people hold it
- The call-spread design is the point. Selling spreads instead of plain covered calls keeps a slice of RDDT's share-price appreciation in play while the premium comes in.yieldmaxetfs.com
- At 1.01% a year, it runs slightly under the typical fee in its single-stock option-income cohort.
- Distributions land on a monthly cadence, and the fund grades out in the upper half of a crowded 64-fund options-income group.
- Actively managed rather than rules-on-autopilot: the manager writes the spreads against Reddit's option volatility as it shifts.
Worth knowing
- This is one company's fate, expressed through options rather than shares. Reddit's swings drive the whole ride, and the short leg of each spread caps gains above its strike.
- The payout is manufactured from option premium, not company earnings, so it rises and falls with RDDT's volatility instead of holding a steady level.
- A 2025 launch with a small asset base and light trading. Thin volume tends to mean wider bid/ask spreads than the lineup's older, larger siblings.
RDYY Holdings
- Other
- 8
- 110%
- United States Treasury Bill 07/08/2027
RDYY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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RDYY$8,500
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 | RDYY |
|---|---|
| Year to date | −24.5% |
| 1 month | +2.6% |
| 3 months | −13.6% |
| 1 year | −15.0% |
| 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 | RDYY |
|---|---|---|
| 2026 YTD | −24.5% | |
| 2025 | −3.7% |
RDYY in the news
RDYY Dividends
- 137.56%
- $21.42
- $0.16 per share
- Weekly
Distribution history
RDYY Risk
- 39.4%
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.
- −0.86
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.
- −50.7%
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.
- 1.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RDYY Cost
1.01%
RDYY1.01%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
19 of the 71 Single-Stock Option Income funds charge less.
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