YieldMax XYZ Option Income Strategy ETF
$22.95−0.56 (−2.36%)
- Expense ratio
- 1.36%
- Fund size
- $21M
- 1Y return
- −7.6%
- Yield · Last 12 months
- Data unavailable
- Holdings
- 14
- Volume · 30D
- 0M sh
- NAV per share
- $23.57
- 52W range
The ETF.net XYZY Grade
Score 32 of 100 sits in the D 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.FScore 3Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 54Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category 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.BScore 69Category rank
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
- 14
- 105%
- 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.
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 | XYZY |
|---|---|
| Year to date | +8.4% |
| 1 month | −4.7% |
| 3 months | +6.6% |
| 1 year | −7.6% |
| 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 | XYZY |
|---|---|---|
| 2026 YTD | +8.4% | |
| 2025 | −38.1% | |
| 2024 | +21.8% | |
| 2023 | +45.7% |
XYZY in the news
ETF.net Research hasn’t filed on XYZY yet — coverage lands here as it’s written.
XYZY Dividends
- $0.14 per share
- Weekly
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.14 |
| Sep 10, 2026 | Sep 11, 2026 | $0.17 |
| Sep 3, 2026 | Sep 4, 2026 | $0.21 |
| Aug 27, 2026 | Aug 28, 2026 | $0.22 |
| Aug 20, 2026 | Aug 21, 2026 | $0.25 |
| Aug 13, 2026 | Aug 14, 2026 | $0.25 |
| Aug 6, 2026 | Aug 7, 2026 | $0.25 |
| Jul 30, 2026 | Jul 31, 2026 | $0.24 |
| Jul 23, 2026 | Jul 24, 2026 | $0.30 |
| Jul 16, 2026 | Jul 17, 2026 | $0.33 |
| Jul 9, 2026 | Jul 10, 2026 | $0.37 |
| Jul 2, 2026 | Jul 6, 2026 | $0.25 |
XYZY Risk
- 41.4%
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.
- 0.37
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.
- 1.96
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
- The middle half of Single-Stock Option Income funds
- Median 1.07%
68 of the 71 Single-Stock Option Income funds charge less.