Westwood Enhanced Income Opportunity ETF
$25.36−0.01 (−0.04%)
- 0.79%
- $42M
- 0M sh
- $25.16
- low $24.02high $26.08
The ETF.net YLDW Grade
B
Score 59 out of 100
- 15 of 51
Score 59 of 100 falls in the B 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.B65 out of 100Rank 17 of 51Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A72 out of 100Rank 7 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 40 of 51Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 15 of 42Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 29 of 51
Our read on YLDW
BMost covered-call funds write options over a basket of stocks. YLDW writes over a mixed income portfolio (equities, investment grade and high yield bonds, convertibles, preferreds), stacking premium on top of coupons and dividends.
The Fund seeks current income first and long-term capital appreciation second. It invests primarily in dividend-paying or interest-bearing securities and uses covered calls to generate realized gains and distributable cash flow.
Why people hold it
- The option overlay sits on a multi-asset income sleeve, not just dividend stocks, so premium layers on top of bond coupons, preferred payments and dividends.westwoodgroup.com
- 0.79% a year, below the median fee among actively managed options-income ETFs.
- Actively managed with no index to track: the team can rotate across bond sectors, hybrids and equity income as conditions shift. Income is set on a monthly schedule.westwoodgroup.com
- Lands in the upper half of its options-income peer group, with a wider spread of income sources than a single-sleeve covered-call fund.
Worth knowing
- Launched December 2025, so the operating record is short and the asset base small. Thin trading can mean wider spreads than in the category's household names.
- Cheaper overlays sit in the same cohort: PAPI charges 0.29% and DIVO 0.56%.
- Covered calls trade upside for premium: gains above the strike on written positions go to the option buyer, and premium income moves with option pricing.westwoodgroup.com
YLDW Holdings
- Stocks
- 104
- 30%
- GILD
Geography
- United States89.30%
- Canada2.67%
- United Kingdom2.48%
- Ireland2.07%
- Switzerland1.97%
- China1.50%
YLDW 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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YLDW$10,747
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 | YLDW |
|---|---|
| Year to date | +7.5% |
| 1 month | 0.0% |
| 3 months | +1.3% |
| 1 year | — |
| 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 | YLDW |
|---|---|---|
| 2026 YTD | +7.5% | |
| 2025 | +0.5% |
YLDW in the news
Category Review
The payout and the result came apart in option-income funds
YLDW Dividends
- $0.18 per share
- Monthly
Distribution data unavailable.
Distribution history
YLDW Risk
- —
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.
- —
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.
- —
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.
- 0.50
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
YLDW Cost
0.79%
YLDW0.79%
- The middle half of Active Option Income funds
- Median 0.95%
16 of the 51 Active Option Income funds charge less.
Other funds in Active Option Income
- BHCOWAmplify COWS Covered Call ETFExpense ratio 0.65%1 year return +18.8%
- BEDGEEA Series Trust - MRBL Enhanced Equity ETFExpense ratio 0.74%1 year return +24.7%
- BGINXSGI Enhanced Global Income ETFExpense ratio 0.99%1 year return +26.0%
- BOVBOverlay Shares Core Bond ETFExpense ratio 0.79%1 year return +1.3%
- BHBTAHorizon Expedition Plus ETFExpense ratio 0.85%1 year return +22.4%