EFAA vs YMAG: Grades, Fees and Holdings Compared

Invesco MSCI EAFE Income Advantage ETF

EFAAANYSE Arca

YieldMax Magnificent 7 Fund of Option Income ETF

YMAGDNYSE Arca

Overlap

0.0%by weight

Expense ratio

EFAA −0.95pt a year

EFAA0.39%YMAG1.34%

Avg volume · 30D

YMAG 11.1×the volume

EFAA93.6KYMAG1.04M

EFAA vs YMAG Performance

Oct 31, 2025 – Nov 2, 2026

+12.1%EFAA+1.5%YMAG

Expense ratio: EFAA 0.39%, better; YMAG 1.34%
Fund size: EFAA $673M; YMAG $271M
1Y total return: EFAA +12.1%, better; YMAG +1.5%
Yield (12M): EFAA 8.47%; YMAG 47.99%, better
Holdings: EFAA 679; YMAG 8
Avg volume (30D): EFAA 93.6K sh; YMAG 1.04M sh, better
NAV per share: EFAA $54.22; YMAG $10.53
52W range

ETF.net Grade

Pillar letters and Scores for EFAA, YMAG, with each pillar’s weight
Pillar	EFAA	YMAG
Cost30% weight	A96Higher	F0
Mission25% weight	Not scored	Not scored
Risk15% weight	B61Higher	D31
Tradability15% weight	B58	B63Higher
Holdings10% weight	A81Higher	C52
Durability5% weight	A79Higher	A71

Rank among Index Option Income funds

How we build Categories ›

Same Category. EFAA and YMAG are both graded against the same 25 Index Option Income funds, so their Grades compare head to head.

Index Option Income⁠

Category · 25 funds

See all 25 ›

EFAA ranks 2nd and YMAG 22nd of 25 funds in the Index Option Income Category.

Rank 1ALQDWiShares Investment Grade Corporate Bond BuyWrite Strategy ETFScore 87
Rank 2AEFAAInvesco MSCI EAFE Income Advantage ETFScore 78
Rank 3AKNGFT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETFScore 73
Rank 21DGIAXNicholas Global Equity and Income ETFScore 31
Rank 22DYMAGYieldMax Magnificent 7 Fund of Option Income ETFScore 30
Rank 23DSEMYGraniteShares YieldBOOST Semiconductor ETFScore 28

Our read on each fund

ETF.net Research

EFAAAInvesco MSCI EAFE Income Advantage ETF

YMAGDYieldMax Magnificent 7 Fund of Option Income ETF

In short

EFAA An MSCI EAFE index core with an option-income overlay running on only about half the portfolio, so the rest keeps its upside uncapped. The fee is 0.39% net of a waiver through August 31, 2027, below the typical option-income fund.

YMAG Seven YieldMax single-stock income funds, Apple to Tesla, in one weekly-paying ticker. You collect option premium on the Magnificent 7 instead of owning the shares: partial upside, full downside, and a fee well above its peer group.

Stated mandate

EFAA The fund seeks total return through current income and long-term capital growth while providing MSCI EAFE exposure through an active option-income overlay intended to generate income and help mitigate downside risk.

YMAG YMAG seeks current income as an actively managed fund of funds, primarily investing in other ETFs rather than individual-company securities.

Why people hold it

EFAA Half-and-half by design: covered calls and cash-secured puts run on roughly 50% of the book; the rest tracks the index. Premiums fund the monthly distributions.invesco.com
0.39% net of a waiver through August 31, 2027 (0.42% gross), below the category median and under HOLA, the other fund on this MSCI EAFE index, at 0.68%.
Developed-market international is thin ground here: most option-income peers wrap US large caps or bonds. Roughly 700 holdings across Europe, Japan and the Pacific.
One of the stronger builds in its peer group, with index-based equity exposure rather than a stock-picked substitute.

YMAG One trade instead of seven: near-equal slices of YieldMax's Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla option income funds in a single wrapper.sec.gov
Income lands weekly rather than quarterly, and shares change hands actively, so getting in and out is rarely the hard part.
The mandate is spelled out in plain terms: a fund of funds chasing current income off mega-cap tech, with no pretense of tracking an index.yieldmaxetfs.com

Worth knowing

EFAA Calls cap gains on the overlaid half when markets run; cash-secured puts collect premium that cushions declines but does not stop losses.invesco.com
Option premiums move with volatility, so monthly payouts vary rather than arrive at a fixed amount.
Launched in 2024, so the live record is short, and it trades in smaller size than the headline US covered-call names.

YMAG The 1.34% fee sits well above the roughly 0.75% typical of its options-income peer group, and it stacks on the underlying funds' own costs.
By design you get only part of a Mag 7 rally (the underlying funds sell calls against it) while a selloff comes through in full.yieldmaxetfs.com sec.gov
Payouts routinely include return of capital: some of the cash is your own money coming back, which trims your cost basis.yieldmaxetfs.com

Full EFAA profile⁠

Full YMAG profile⁠

EFAA vs YMAG Holdings

How EFAA and YMAG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EFAA and 0.0% of YMAG.

Level by level

Asset classEquity, Alternatives0.0%
Holdings0 in both0.0%
Countryby domicile1.4%
Sector11 Sectors26.0%

Sector

Sector weights in EFAA and YMAG, widest gap first
Sector	More in EFAAMore in YMAG	EFAA	YMAG
Financials	YMAG +74.0 points	26.0%	100.0%
Industrials	EFAA +18.6 points	18.6%	0.0%
Technology	EFAA +12.0 points	12.0%	0.0%
Health Care	EFAA +10.1 points	10.1%	0.0%
Consumer Discretionary	EFAA +7.2 points	7.2%	0.0%
Consumer Staples	EFAA +6.4 points	6.4%	0.0%
Materials	EFAA +5.8 points	5.8%	0.0%
Communication	EFAA +4.8 points	4.8%	0.0%
Energy	EFAA +4.0 points	4.0%	0.0%
Utilities	EFAA +3.6 points	3.6%	0.0%
Real Estate	EFAA +1.5 points	1.5%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in EFAA and YMAG, widest gap first
Country	More in EFAAMore in YMAG	EFAA	YMAG
United States	YMAG +98.6 points	1.4%	100.0%
Japan	EFAA +24.2 points	24.2%	0.0%
United Kingdom	EFAA +14.1 points	14.1%	0.0%
Switzerland	EFAA +10.2 points	10.2%	0.0%
Germany	EFAA +8.8 points	8.8%	0.0%
France	EFAA +8.3 points	8.3%	0.0%
Australia	EFAA +6.7 points	6.7%	0.0%
Netherlands	EFAA +6.0 points	6.0%	0.0%
Other countries (17)	EFAA +20.3 points	20.3%	0.0%

Outside the US: EFAA 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

EFAA30.0%
YMAG100.0%

Securities held

EFAA674
YMAG8

Asset class

EFAA: Equity
YMAG: Alternatives

Holdings

Only in EFAA674
In both0
Only in YMAG8

Only in EFAA

674 securities, 99.6% of EFAA by weight

Invesco Premier US Government Money Portfolio19.73%
ASML Holding NV2.18%
Roche Holding AG1.23%
Shell PLC1.12%
Novartis AG1.05%
HSBC Holdings PLC1.05%
AstraZeneca PLC1.01%
Nestle SA0.94%
Sap SE0.85%
Mitsubishi UFJ Financial Group Inc0.82%
Siemens AG0.76%
BHP Group Ltd0.72%
Commonwealth Bank of Australia0.70%
Allianz SE0.66%
TotalEnergies SE0.66%
Toyota Motor Corp0.66%
Recruit Holdings Co Ltd0.58%
Banco Santander SA0.57%
Advantest Corp0.56%
Iberdrola SA0.55%
UBS Group AG0.53%
Sony Group Corp0.53%
Sumitomo Mitsui Financial Group Inc0.52%
Schneider Electric SE0.52%
Hitachi Ltd0.51%
Unilever PLC0.50%
Rolls-Royce Holdings PLC0.49%
Tokyo Electron Ltd0.49%
ABB Ltd0.47%
Bp PLC0.47%
Banco Bilbao Vizcaya Argentaria SA0.47%
Novo Nordisk A/S0.46%
Airbus SE0.45%
Air Liquide SA0.45%
British American Tobacco PLC0.44%
DBS Group Holdings Ltd0.42%
L'Oreal SA0.42%
Mizuho Financial Group Inc0.40%
Zurich Insurance Group AG0.40%
UniCredit SpA0.39%
Siemens Energy AG0.39%
Cie Financiere Richemont SA0.39%
LVMH Moet Hennessy Louis Vuitton SE0.38%
Safran SA0.38%
SoftBank Group Corp0.37%
Gsk PLC0.36%
AIA Group Ltd0.36%
Deutsche Telekom AG0.35%
Tokio Marine Holdings Inc0.35%
Sanofi SA0.35%

Only in YMAG

8 securities, 100% of YMAG by weight

YieldMax Tsla Option Income ETF15.74%
YieldMax AAPL Option Income Strategy ETF15.01%
YieldMax MSFT Option Income Strategy ETF14.59%
YieldMax NVDA Option Income Strategy ETF14.25%
YieldMax Amzn Option Income ETF13.95%
YieldMax Meta Option Income Strategy ETF13.26%
YieldMax GOOGL Option Income Strategy ETF12.25%
First American Government Obligations Fund 12/01/20310.97%

Weight gaps

EFAA and YMAG share no securities.

All 674 EFAA holdings⁠All 9 YMAG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EFAA vs YMAG Cost

Overpaying YMAG vs EFAA

$16,067

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EFAA 0.39%
$7,898
YMAG 1.34%
$23,965

Amount$10,000

Years30 years

Cost over time

EFAA 0.39%
YMAG 1.34%
Overpaying

Year by year

Year	EFAA	YMAG	Overpaying
10	$705	$2,329	$1,624
20	$2,725	$8,621	$5,896
30	$7,898	$23,965	$16,067

Expense ratio

0.39%EFAA, cheaper
1.34%YMAG

EFAA0.39%YMAG1.34%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

EFAA 2nd cheapest of 25 funds

YMAG 25th cheapest of 25 funds

EFAA vs YMAG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): EFAA 8.47%; YMAG 47.99%, better
Payout (12M): EFAA $4.62; YMAG $5.03
Last payment: EFAA $0.38; YMAG $0.07
Ex-dividend: EFAA Oct 19, 2026; YMAG Oct 28, 2026
Paid on: EFAA Oct 23, 2026; YMAG Oct 29, 2026
Frequency: EFAA Monthly; YMAG Weekly

Distribution history

Per share, 2026, same scale for both

EFAAMonthly · 10 paymentsAll EFAA payments⁠

YMAGWeekly · 43 paymentsAll YMAG payments⁠

EFAA vs YMAG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EFAA 8.4%since Aug 2024YMAG 17.5%since Feb 2024
Return per unit of riskSharpe ratio, 3 years: EFAA 1.02since Aug 2024YMAG 0.93since Feb 2024
Worst fallMax drawdown, 5 years: EFAA −12.0%since Jul 2024YMAG −25.9%since Jan 2024
Market sensitivityBeta, 5 years: EFAA 0.36YMAG 1.08; Market = 1

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