YieldMax XYZ Option Income Strategy ETF
DThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$23.16+0.10 (+0.46%)
- 1.36%
- $20M
- −3.9%
- 0M sh
- $23.18
- low $22.08high $46.25
The ETF.net XYZY Grade
D
Score 35 out of 100
- 59 of 72
Score 35 of 100 falls in the D 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.F3 out of 100Rank 70 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.B62 out of 100Rank 24 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D35 out of 100Rank 46 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C45 out of 100Rank 50 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.B69 out of 100Rank 15 of 72
Our read on XYZY
DBlock's volatility, packaged as a monthly paycheck. XYZY owns no Block shares: it builds synthetic exposure through options and writes call spreads on top, so upside is trimmed rather than sold away outright.
The fund is actively managed to generate weekly income by selling call spreads on Block Inc. while retaining participation in the stock's appreciation.
Why people hold it
- Writes call spreads rather than plain short calls, so gains above the short strike are not entirely handed to the option buyer.yieldmaxetfs.com
- Income comes from harvesting premium in Block's option market, and the fund distributes on a monthly cadence.yieldmaxetfs.com
- Ordinary 1940 Act ETF wrapper with the options collateralized by cash and Treasuries: no margin account, no options approval, no K-1 at tax time.yieldmaxetfs.com
- Live since October 2023, and it kept running straight through Block's identity swap, when the fund went from SQY to XYZY in April 2025.sec.gov
Worth knowing
- The 1.36% expense ratio sits above the typical single-stock option-income fund, so premium income has a higher bar to clear.
- The payoff is lopsided by design: Block's declines pass through in full, while participation in rallies stops at the spread's upper strike.yieldmaxetfs.com
- One company drives everything here, and the fund trades less actively than the headline YieldMax names, so bid/ask spreads are worth checking.
XYZY Holdings
- Other
- 10
- 104%
- United States Treasury Note/Bond 2.375% 05/15/2027
XYZY 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.
XYZY$9,611
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 | XYZY |
|---|---|
| Year to date | +8.4% |
| 1 month | −1.6% |
| 3 months | −0.2% |
| 1 year | −3.9% |
| 3 years | +6.3% |
| 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 | XYZY |
|---|---|---|
| 2026 YTD | +8.4% | |
| 2025 | −38.1% | |
| 2024 | +21.8% | |
| 2023 | +45.7% |
XYZY in the news
XYZY Dividends
- $0.13 per share
- Weekly
Distribution data unavailable.
Distribution history
XYZY Risk
- 41.2%
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.
- 0.30
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.
- −58.1%
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.
- 1.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XYZY Cost
1.36%
XYZY1.36%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
68 of the 71 Single-Stock Option Income funds charge less.
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