YieldMax Ultra Short Option Income Strategy ETF
$19.95−0.10 (−0.49%)
- 1.35%
- $29M
- −5.9%
- 0M sh
- $20.05
- low $19.94high $40.12
The ETF.net SLTY Grade
F
Score 20 out of 100
- 42 of 51
Score 20 of 100 falls in the F 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 49 of 51Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D26 out of 100Rank 35 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 40 of 51Holdings
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.B59 out of 100Rank 22 of 51
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
- 36
- 196%
- Cash & Other
Geography
- United States95.70%
- Ireland4.30%
SLTY 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.Not enough history yet.
SLTY$9,405
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 | SLTY |
|---|---|
| Year to date | −6.2% |
| 1 month | +1.0% |
| 3 months | +2.5% |
| 1 year | −5.9% |
| 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 | −6.2% | |
| 2025 | −12.1% |
SLTY in the news
Category Review
The payout and the result came apart in option-income funds
SLTY Dividends
- $0.22 per share
- Weekly
Distribution data unavailable.
Distribution history
SLTY Risk
- 16.4%
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.
- −1.07
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.
- −0.88
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
1.35%
SLTY1.35%
- The middle half of Active Option Income funds
- Median 0.95%
48 of the 51 Active Option Income funds charge less.
Other funds in Active Option Income
- DKYLDKurv ETF Trust - Kurv High Income ETFExpense ratio 1.24%1 year return —
- FMEMYTuttle Capital Meme Stock Income Blast ETFExpense ratio 0.99%1 year return —
- FWZRDOpportunistic Trader ETFExpense ratio 1.07%1 year return −100.0%
- FULTIREX IncomeMax Option Strategy ETFExpense ratio 1.32%1 year return —
- FYBTYGraniteShares YieldBoost TopYielders ETFExpense ratio 1.38%1 year return —