YieldMax S&P 500 0DTE Covered Call Strategy ETF
$40.80−0.47 (−1.13%)
- Expense ratio
- 1.08%
- Fund size
- $28M
- 1Y return
- +17.4%
- Yield · Last 12 months
- 27.80%
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $41.47
- 52W range
The ETF.net SDTY Grade
Score 39 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 2Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 95Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 41Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 21Category 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.DScore 35Category rank
Our read on SDTY
DYieldMax's option-income playbook aimed at the index: SDTY builds S&P 500 exposure with options and sells calls that expire the same day, every day. Income gets harvested one session at a time, and upside gets clipped the same way.
SDTY seeks current income while providing exposure to the S&P 500 Index’s price return.
Why people hold it
- The 0DTE twist: calls that expire the same session, written daily, so the premium clock resets every trading day instead of once a month.
- Pure label-matching: S&P 500 price exposure built synthetically, income generated by writing calls against it. What the name says is what the fund does.
- It was YieldMax's first move from single-stock option income into a broad index, live since 2025.stockanalysis.com
Worth knowing
- At 1.08% a year, it costs well above the roughly 0.60% median for S&P 500 option-income funds, and multiples of IVVW (0.25%) or GPIX (0.35%).
- Selling calls every session hands away part of each strong up day. The income comes out of the fund's upside, not on top of it.
- Small and lightly traded next to the giants writing calls on the same index. Limit orders matter more here than with a heavily traded peer.
SDTY Holdings
- Stocks
- 6
- 100%
- SPX 12/18/2026 1200.26 C
Sectors
- Technology39.1%
- Financials11.1%
- Communication10.6%
- Consumer Discr.9.9%
- Health Care8.3%
- Industrials7.8%
- Cons. Staples4.5%
- Energy3.1%
- Utilities2.1%
- Real Estate1.8%
- Materials1.7%
Geography
- United States100.00%
SDTY 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 | SDTY |
|---|---|
| Year to date | +12.5% |
| 1 month | +1.5% |
| 3 months | +4.3% |
| 1 year | +17.4% |
| 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 | SDTY |
|---|---|---|
| 2026 YTD | +12.5% | |
| 2025 | +10.5% |
SDTY in the news
ETF.net Research hasn’t filed on SDTY yet — coverage lands here as it’s written.
SDTY Dividends
- 27.80%
- $11.47
- $0.16 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 23, 2026 | Pays Sep 24, 2026 | $0.19 |
| Sep 16, 2026 | Sep 17, 2026 | $0.16 |
| Sep 9, 2026 | Sep 10, 2026 | $0.16 |
| Sep 2, 2026 | Sep 3, 2026 | $0.17 |
| Aug 26, 2026 | Aug 27, 2026 | $0.17 |
| Aug 19, 2026 | Aug 20, 2026 | $0.17 |
| Aug 12, 2026 | Aug 13, 2026 | $0.21 |
| Aug 5, 2026 | Aug 6, 2026 | $0.21 |
| Jul 29, 2026 | Jul 30, 2026 | $0.21 |
| Jul 22, 2026 | Jul 23, 2026 | $0.21 |
| Jul 15, 2026 | Jul 16, 2026 | $0.21 |
| Jul 8, 2026 | Jul 9, 2026 | $0.20 |
SDTY Risk
- 13.6%
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.
- 0.90
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.
- −18.6%
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.
- 0.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SDTY Cost
- The middle half of S&P 500 Option Income funds
- Median 0.60%
49 of the 51 S&P 500 Option Income funds charge less.