YieldMax TSM 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.
$15.130.00 (0.00%)
- 1.01%
- $105M
- +51.5%
- 50.39%
- 0.2M sh
- $15.33
- low $14.18high $18.02
The ETF.net TSMY Grade
A
Score 72 out of 100
- 4 of 72
Score 72 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.B66 out of 100Rank 21 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.A72 out of 100Rank 15 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 10 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.B68 out of 100Rank 17 of 72
Our read on TSMY
AA paycheck stapled to one chip stock. TSMY sells call spreads on Taiwan Semiconductor, holds onto exposure to that share price, and passes the harvested option premium along as income on a weekly schedule.
The fund is actively managed to generate weekly income by selling call spreads on Taiwan Semiconductor Manufacturing Co. It is intended to maintain exposure to that company's share price while harvesting option premiums.
Why people hold it
- The overlay is a call spread, not a plain covered call, and it is built to keep exposure to TSM's share price while collecting premium.yieldmaxetfs.com
- Income is designed to land weekly rather than quarterly, so the cash cadence is far tighter than a dividend fund's.yieldmaxetfs.com
- At 1.01% a year it sits below the middle of the fee range for single-stock option income funds, and it grades out as one of the stronger builds in that crowded group.
Worth knowing
- One company, one story. The fund tracks Taiwan Semiconductor's share price, so there is no diversification to soften a rough patch for that single stock.
- Exposure is synthetic, built from options rather than owned TSM shares, which adds contract and counterparty mechanics a plain stock position does not have.
- The 1.01% fee is reasonable for this niche but heavy next to a broad index fund, and the strategy has only been live since 2024.
TSMY Holdings
- Other
- 13
- 109%
- United States Treasury Note/Bond 2.375% 05/15/2027
Geography
- United States100.00%
TSMY 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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TSMY$15,148
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 | TSMY |
|---|---|
| Year to date | +39.9% |
| 1 month | +2.1% |
| 3 months | +1.8% |
| 1 year | +51.5% |
| 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 | TSMY |
|---|---|---|
| 2026 YTD | +39.9% | |
| 2025 | +40.7% | |
| 2024 | +8.2% |
TSMY in the news
TSMY Dividends
- 50.39%
- $7.62
- $0.13 per share
- Weekly
Distribution history
TSMY Risk
- 27.2%
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.
- 1.36
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.
- −31.2%
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.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TSMY Cost
1.01%
TSMY1.01%
- 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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- ASNOYYieldMax SNOW Option Income Strategy ETFExpense ratio 1.00%1 year return +48.5%
- 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%