YieldMax SNOW Option Income Strategy ETF
AThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$11.64−0.08 (−0.68%)
- 1.00%
- $73M
- +48.5%
- 62.02%
- 0.1M sh
- $11.95
- low $6.17high $16.25
The ETF.net SNOY Grade
A
Score 71 out of 100
- 5 of 72
Score 71 of 100 falls in the A 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.A83 out of 100Rank 6 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.A82 out of 100Rank 2 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 36 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 22 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.A73 out of 100Rank 13 of 72
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 Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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SNOY$14,854
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 | SNOY |
|---|---|
| Year to date | +60.5% |
| 1 month | +8.9% |
| 3 months | +33.4% |
| 1 year | +48.5% |
| 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 | SNOY |
|---|---|---|
| 2026 YTD | +60.5% | |
| 2025 | +31.4% | |
| 2024 | +21.3% |
SNOY in the news
SNOY Dividends
- 62.02%
- $7.27
- $0.10 per share
- Weekly
Distribution history
SNOY Risk
- 62.1%
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.
- 0.78
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.
Other funds in Single-Stock Option Income
- AXXVSimplify Ancorato Target 25 Distribution ETFExpense ratio 0.85%1 year return —
- ATSMYYieldMax TSM Option Income Strategy ETFExpense ratio 1.01%1 year return +51.5%
- BBRKCYieldMax BRK.B Option Income Strategy ETFExpense ratio 1.01%1 year return +3.2%
- BAMDYYieldMax AMD Option Income Strategy ETFExpense ratio 1.00%1 year return +128.2%
- BHOOYYieldMax HOOD Option Income Strategy ETFExpense ratio 0.99%1 year return −20.5%