YieldMax SMCI 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.
$5.03−0.09 (−1.76%)
- 1.01%
- $143M
- −24.4%
- 131.39%
- 1.1M sh
- $5.32
- low $3.99high $16.97
The ETF.net SMCY Grade
B
Score 59 out of 100
- 16 of 72
Score 59 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.F22 out of 100Rank 57 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 20 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.A75 out of 100Rank 11 of 72
Our read on SMCY
BSMCY owns no Super Micro stock. It rents the name's volatility instead: a synthetic long built from options with short-term Treasuries as collateral, harvesting call premium off one of the loudest tickers in the AI complex.
The Fund seeks current income while providing exposure to the share price of Super Micro Computer, Inc., subject to a general limit on potential investment gains.
Why people hold it
- Charges 1.01%, under the middle of the single-stock option-income pack, and it trades actively enough that getting in and out isn't the hard part.
- The issuer describes writing call spreads rather than plain short calls, a build that leaves some room to participate in SMCI's share price while premium comes in.yieldmaxetfs.com
- Exposure is synthetic and collateralized: options do the work, cash and short-term Treasuries sit underneath. You get SMCI's price action, not SMCI shares.yieldmaxetfs.com
- Among the dozens of single-stock income overlays now on the tape, this one grades out in the upper tier of its peer group.
Worth knowing
- Upside is capped by design. The fund's stated objective limits participation in gains, while SMCI's declines still flow through.yieldmaxetfs.com
- Payouts can include return of capital, meaning part of a distribution may be your own principal coming back rather than income the strategy earned.yieldmaxetfs.com
- One stock, one story. Launched in 2024, so the track record is short and everything here rides on Super Micro's share price.
SMCY Holdings
- Other
- 11
- 106%
- United States Treasury Bill 02/18/2027
SMCY 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.
SMCY$7,563
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 | SMCY |
|---|---|
| Year to date | +19.3% |
| 1 month | −0.3% |
| 3 months | +30.7% |
| 1 year | −24.4% |
| 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 | SMCY |
|---|---|---|
| 2026 YTD | +19.3% | |
| 2025 | −14.0% | |
| 2024 | +68.1% |
SMCY in the news
SMCY Dividends
- 131.39%
- $6.73
- $0.08 per share
- Weekly
Distribution history
SMCY Risk
- 70.7%
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.
- 0.04
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.
- −64.3%
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.
- 2.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMCY Cost
1.01%
SMCY1.01%
- 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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