YieldMax Ultra Short Option Income Strategy ETF
$20.20−0.19 (−0.94%)
- Expense ratio
- 1.35%
- Fund size
- $29M
- 1Y return
- −7.5%
- Yield · Last 12 months
- Data unavailable
- Volume · 30D
- 0M sh
- NAV per share
- $20.54
- 52W range
The ETF.net SLTY Grade
Score 21 of 100 sits in the F 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.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 26Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 39Category 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 62Category rank
Our read on SLTY
FYieldMax's 2025 entry at the ultra-short end of the option-income aisle: an active options strategy that pays monthly and charges 1.35%, a premium price in a crowded category.
The Fund seeks current income and inverse exposure to the share price of select U.S.-listed securities, with participation in potential gains subject to limits.
Why people hold it
- Pays on a monthly cadence, so the income arrives in twelve installments a year rather than four.
- Built to turn option premium into cash flow instead of leaning on dividend yield, which is a different income engine than a plain equity fund.
- Comes from YieldMax, an issuer whose entire lineup is option-income strategies rather than a one-off experiment bolted onto an index shop.
Worth knowing
- The 1.35% fee sits at the top of this aisle. Larger peers run far cheaper: PAPI at 0.29%, TCAL at 0.34%, DIVO at 0.56%.
- Launched in August 2025, so the risk and payout record is short. There is not yet a full market cycle to judge it against.
- A small fund that trades lightly, which tends to mean wider bid-ask spreads. Limit orders matter more here than with the aisle's giants.
SLTY Holdings
- Other
- —
- 197%
- Cash & Other
Geography
SLTY 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 | SLTY |
|---|---|
| Year to date | −7.5% |
| 1 month | +2.6% |
| 3 months | −1.4% |
| 1 year | −7.5% |
| 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 | SLTY |
|---|---|---|
| 2026 YTD | −7.5% | |
| 2025 | −12.1% |
SLTY in the news
ETF.net Research hasn’t filed on SLTY yet — coverage lands here as it’s written.
SLTY Dividends
- $0.22 per share
- Weekly
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 16, 2026 | Sep 17, 2026 | $0.22 |
| Sep 9, 2026 | Sep 10, 2026 | $0.22 |
| Sep 2, 2026 | Sep 3, 2026 | $0.22 |
| Aug 26, 2026 | Aug 27, 2026 | $0.22 |
| Aug 19, 2026 | Aug 20, 2026 | $0.22 |
| Aug 12, 2026 | Aug 13, 2026 | $0.23 |
| Aug 5, 2026 | Aug 6, 2026 | $0.25 |
| Jul 29, 2026 | Jul 30, 2026 | $0.24 |
| Jul 22, 2026 | Jul 23, 2026 | $0.24 |
| Jul 15, 2026 | Jul 16, 2026 | $0.24 |
| Jul 8, 2026 | Jul 9, 2026 | $0.25 |
| Jul 1, 2026 | Jul 2, 2026 | $0.27 |
SLTY Risk
- 16.5%
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.
- −1.33
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.
- −21.3%
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.
- −0.85
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SLTY Cost
- The middle half of Active Option Income funds
- Median 0.95%
44 of the 47 Active Option Income funds charge less.