YieldMax SNOW Option Income Strategy ETF
This fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$11.31−0.01 (−0.13%)
History starts Jun 11, 2024.
- Expense ratio
- 1.00%
- Fund size
- $69M
- 1Y return
- +43.9%
- Yield · Last 12 months
- 64.99%
- Holdings
- 12
- Volume · 30D
- 0.1M sh
- NAV per share
- $11.42
- 52W range
The ETF.net SNOY Grade
Score 69 of 100 sits in the A 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.AScore 83Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 78Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category 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.AScore 73Category rank
Our read on SNOY
ASnowflake with a paycheck stapled on. SNOY sells call spreads on SNOW to harvest option premium, keeping a slice of the upside instead of capping it flat, and pays out monthly.
The fund seeks weekly income by actively selling call spreads on Snowflake Inc. The strategy harvests option premiums while retaining some participation in Snowflake's share-price appreciation.
Why people hold it
- Sells call spreads rather than plain calls, so some participation in Snowflake's share-price appreciation is retained alongside the premium harvest.
- 1.00% expense ratio runs a touch leaner than the typical single-stock option income fund, including YieldMax siblings TSMY and BRKC.
- Distributions land monthly, funded by an options program the manager works on a weekly cadence.
- Rates among the stronger builds in a crowded single-stock income cohort, helped by cost and staying power.
Worth knowing
- Exposure is synthetic. The fund uses options on Snowflake rather than owning the shares, so you carry SNOW's downside without shareholder rights.
- Income is a byproduct of option premiums, which rise and fall with Snowflake's volatility. Payout size varies month to month.
- Launched in 2024, so the risk picture rests on a short history, and one company's news cycle drives the whole fund.
SNOY Holdings
- Other
- 12
- 109%
- Cash & Other
Geography
SNOY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SNOY$14,388
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 | SNOY |
|---|---|
| Year to date | +50.5% |
| 1 month | +3.0% |
| 3 months | +40.1% |
| 1 year | +43.9% |
| 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 | SNOY |
|---|---|---|
| 2026 YTD | +50.5% | |
| 2025 | +31.4% | |
| 2024 | +21.3% |
SNOY in the news
SNOY Dividends
- 64.99%
- $7.36
- $0.13 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.13 |
| Sep 10, 2026 | Sep 11, 2026 | $0.13 |
| Sep 3, 2026 | Sep 4, 2026 | $0.14 |
| Aug 27, 2026 | Aug 28, 2026 | $0.18 |
| Aug 20, 2026 | Aug 21, 2026 | $0.19 |
| Aug 13, 2026 | Aug 14, 2026 | $0.21 |
| Aug 6, 2026 | Aug 7, 2026 | $0.18 |
| Jul 30, 2026 | Jul 31, 2026 | $0.14 |
| Jul 23, 2026 | Jul 24, 2026 | $0.17 |
| Jul 16, 2026 | Jul 17, 2026 | $0.17 |
| Jul 9, 2026 | Jul 10, 2026 | $0.15 |
| Jul 2, 2026 | Jul 6, 2026 | $0.14 |
SNOY Risk
- 63.3%
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.
- 0.77
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.
- 2.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SNOY Cost
1.00%
SNOY1.00%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
14 of the 71 Single-Stock Option Income funds charge less.