YieldMax Universe Fund of Option Income ETFs
$7.61+0.01 (+0.13%)
- 1.33%
- $367M
- +1.6%
- 60.86%
- 1.4M sh
- $7.62
- low $7.19high $12.74
The ETF.net YMAX Grade
D
Score 30 out of 100
- 39 of 51
Score 30 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.F6 out of 100Rank 48 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.F20 out of 100Rank 39 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 16 of 51Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C43 out of 100Rank 29 of 42Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A85 out of 100Rank 6 of 51
Our read on YMAX
DThe whole YieldMax lineup in one ticker: roughly 40 option income ETFs bundled together, paying weekly. Income comes first here, and upside is capped by design inside every underlying fund.
YMAX is an actively managed fund of funds seeking current income. It primarily invests in affiliated YieldMax ETFs whose options strategies generate premiums while seeking long or short exposure to various reference assets, with partial participation in gains.
Why people hold it
- One ticker spreads across about 40 affiliated YieldMax option income funds, so no single reference stock's covered call outcome runs the whole show.
- Distributions land weekly, a cadence very few income ETFs run, and the issuer publishes each declaration ahead of the ex-date.yieldmaxetfs.com
- The mechanism is spelled out plainly: underlying funds write calls against synthetic long exposure built with options, using Treasuries as collateral.yieldmaxetfs.com
- Live since January 2024 and actively traded, so it has a real operating record rather than a backtest.
Worth knowing
- Total cost runs 1.33%, above the option income peer median and several times cheaper premium-income rivals like PAPI (0.29%) or DIVO (0.56%). Fund-of-funds fees stack.
- Capped gains are the trade for the premium: when a reference stock rips, the underlying funds only partly participate.
- YieldMax discloses that payouts can include return of capital, meaning part of a distribution may be your own money coming back rather than income earned.yieldmaxetfs.com
YMAX Holdings
- Stocks
- 28
- 60%
- MRNY
Sectors
- Technology61.0%
- Consumer Discretionary7.6%
- Communication7.2%
- Financials5.5%
- Industrials5.4%
- Health Care5.1%
- Consumer Staples3.0%
- Materials1.8%
- Real Estate1.6%
- Energy1.3%
- Utilities0.6%
Geography
- United States100.00%
YMAX 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.Not enough history yet.
YMAX$10,162
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 | YMAX |
|---|---|
| Year to date | +9.6% |
| 1 month | +5.0% |
| 3 months | +6.6% |
| 1 year | +1.6% |
| 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 | YMAX |
|---|---|---|
| 2026 YTD | +9.6% | |
| 2025 | +5.1% | |
| 2024 | +26.3% |
YMAX in the news
Category Review
The payout and the result came apart in option-income funds
YMAX Dividends
- 60.86%
- $4.63
- $0.06 per share
- Weekly
Distribution history
YMAX Risk
- 19.9%
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.
- 0.53
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.
- −26.2%
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.
- 1.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
YMAX Cost
1.33%
YMAX1.33%
- The middle half of Active Option Income funds
- Median 0.95%
47 of the 51 Active Option Income funds charge less.
Other funds in Active Option Income
- DMINYYieldMax Strategic Metals & Mining Portfolio Option Income ETFExpense ratio 1.01%1 year return —
- DULTYYieldMax Ultra Option Income Strategy ETFExpense ratio 1.40%1 year return −4.5%
- DKYLDKurv ETF Trust - Kurv High Income ETFExpense ratio 1.24%1 year return —
- FMEMYTuttle Capital Meme Stock Income Blast ETFExpense ratio 0.99%1 year return —
- FSLTYYieldMax Ultra Short Option Income Strategy ETFExpense ratio 1.35%1 year return −5.9%