GMEY vs KWIN: Grades, Fees and Holdings Compared

YieldMax GME Option Income Strategy ETF

GMEYCNYSE Arca

KraneShares Wahed Alternative Income Index ETF

KWINANYSE Arca

Overlap

0.0%by weight

Expense ratio

KWIN −0.50pt a year

GMEY1.01%KWIN0.51%

Avg volume · 30D

KWIN 3.9×the volume

GMEY3.7KKWIN14.3K

GMEY vs KWIN Performance

Nov 7, 2025 – Nov 9, 2026

−5.8%GMEY+3.7%KWIN

Expense ratio: GMEY 1.01%; KWIN 0.51%, better
Fund size: GMEY $6M; KWIN $64M
1Y total return: GMEY −5.8%; KWIN +3.7%, better
Yield (12M): GMEY 71.20%; KWIN No data
Holdings: GMEY 7; KWIN 55
Avg volume (30D): GMEY 3.7K sh; KWIN 14.3K sh, better
NAV per share: GMEY $23.09; KWIN $25.93
52W range

ETF.net Grade

Pillar letters and Scores for GMEY, KWIN, with each pillar’s weight
Pillar	GMEY	KWIN
Cost30% weight	B59	A100Higher
Mission25% weight	F20	Not scored
Risk15% weight	B59	A87Higher
Tradability15% weight	D33	A70Higher
Holdings10% weight	Not scored	B65
Durability5% weight	C54	B68Higher

Rank among Single-Stock Option Income funds

How we build Categories ›

Same Category. GMEY and KWIN are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds

See all 71 ›

KWIN ranks 1st and GMEY 40th of 71 funds in the Single-Stock Option Income Category.

Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
Rank 39CAHDGraniteShares Autocallable HOOD ETFScore 44
Rank 40CGMEYYieldMax GME Option Income Strategy ETFScore 43
Rank 40CPLAGraniteShares Autocallable PLTR ETFScore 43

Our read on each fund

ETF.net Research

GMEYCYieldMax GME Option Income Strategy ETF

KWINAKraneShares Wahed Alternative Income Index ETF

In short

GMEY GameStop, with a paycheck attached. GMEY sells call spreads on GME to convert the stock's option premiums into income, while keeping a lane open for some of the share-price appreciation.

KWIN An income fund built for investors who can't own interest. KWIN holds stocks, then sells calls and buys puts on each one, aiming for a delta-neutral book whose payout comes from options premium instead of a coupon.

Stated mandate

GMEY The fund is actively managed to generate weekly income by selling call spreads on GameStop Corp (GME), while seeking participation in the appreciation of its share price.

KWIN KWIN seeks alternative option income by holding long positions in selected equities while selling calls and buying puts against each position. The strategy is intended to produce a delta-neutral portfolio and is marketed as an alternative to traditional interest income.

Why people hold it

GMEY Spreads, not a hard ceiling. The fund sells calls on GME and owns a higher-strike call against them, so a rally isn't cut off at a single strike.yieldmaxetfs.com
Fee of 1.01% lands under the median for single-stock option-income funds, so the income engine isn't paying a premium price for the privilege.
Actively managed with one stated job: generate income week to week from GME options, on a set distribution schedule rather than a fixed index recipe.yieldmaxetfs.com

KWIN 0.51% a year, less than half the roughly 1.07% median of its options-income cohort. In a category where 1%-plus is the norm, that is a real head start.
The mechanics are unusually explicit: long a selected stock, short a call, long a put, position by position. The collars are the strategy, not a bolt-on overlay.kraneshares.com
Tracks the Wahed Shariah Alternative Income Index, so income is sourced from options premium rather than interest. Few option-income ETFs are built to that screen.kraneshares.com
On cost and measured risk it stands among the strongest implementations in a peer group of 64 single-stock option-income funds.

Worth knowing

GMEY The trade is asymmetric by design: you carry GME's declines while the short calls trim the upside, and the exposure is built from options rather than actual shares.
A small fund that doesn't trade heavily. Bid-ask spreads can be wider than on the giants of the option-income shelf, which shows up in your execution price.
It launched in 2025 and isn't the only GME income wrapper on the shelf. IGME aims at the same stock for 0.96%.

KWIN Launched in November 2025. The record is short, so any read on how the collars behave across different markets rests on limited history.
Delta-neutral by design: the sold calls and bought puts are there to strip out the stock move, not to ride it. This is an income engine, not an equity growth sleeve.
Trades lightly next to the household names of the category, so spreads can be wider than headline size suggests. Limit orders matter more here.

Full GMEY profile⁠

Full KWIN profile⁠

GMEY vs KWIN Holdings

How GMEY and KWIN differ

Overlap by weight

0.0%

About this figure: GMEY earns income from options, which aren’t counted.

KWIN earns income from options, which aren’t counted.

Level by level

Asset classAlternatives, Stocks0.0%
Holdings0 in both0.0%
Countryby domicile100%

Sector

No Sector split for GMEY.

Country, concentration and asset class

Country by domicile

Country weights in GMEY and KWIN, widest gap first
Country	More in GMEYMore in KWIN	Gap	GMEY	KWIN
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

GMEY102.0%
KWIN40.3%

Securities held

GMEY6
KWIN54

Asset class

GMEY: Alternatives
KWIN: Stocks

Holdings

Only in GMEY6
In both0
Only in KWIN54

Only in GMEY

6 securities, 98.6% of GMEY by weight

United States Treasury Bill 07/08/202743.27%
Gme 11/20/2026 19.01 C25.44%
United States Treasury Note/Bond 2.375% 05/15/202712.56%
First American Government Obligations Fund 12/01/203111.20%
United States Treasury Bill 02/18/20275.38%
Gme Us 11/13/26 C270.72%

Only in KWIN

54 securities, 100% of KWIN by weight

Intuitive Surgical Inc4.63%
Workday Inc-Class A4.62%
On Semiconductor4.39%
Super Micro Computer Inc4.36%
Synopsys Inc4.18%
Crowdstrike Holdings Inc - A3.79%
Amazon.com Inc3.67%
Doordash Inc - A3.56%
Arista Networks Inc3.55%
Autozone Inc3.54%
Adobe Inc3.47%
Boston Scientific Corp3.43%
Servicenow Inc3.40%
Uber Technologies Inc3.38%
Cadence Design Sys Inc3.37%
Tesla Inc3.33%
Advanced Micro Devices3.25%
Palo Alto Networks Inc3.16%
Lumentum Holdings Inc2.63%
Fortinet Inc2.60%
Akamai Technologies Inc2.58%
Coherent Corp2.52%
Ciena Corp2.38%
Sandisk Corp2.23%
Intel Corp2.12%
2LITE Us 01/15/27 P9301.91%
2INTC Us 01/15/27 P1001.62%
2SNDK Us 01/15/27 P14201.57%
2FTNT Us 01/15/27 P1851.41%
2CIEN Us 01/15/27 P3701.29%
2SMCI Us 01/15/27 P351.16%
Bloom Energy Corp- A1.15%
2NOW Us 01/15/27 P1351.10%
2COHR Us 01/15/27 P2701.06%
2AMD Us 01/15/27 P5800.99%
Reddit Inc-Cl A0.96%
2CRWD Us 01/15/27 P2500.76%
2PANW Us 01/15/27 P3800.76%
2ON Us 01/15/27 P700.72%
2ANET Us 01/15/27 P2000.71%
2RDDT Us 01/15/27 P1500.55%
2SNPS Us 01/15/27 P4800.50%
2BE Us 01/15/27 P2200.37%
2AKAM Us 01/15/27 P900.37%
2CDNS Us 01/15/27 P3300.31%
2DASH Us 01/15/27 P1800.30%
2WDAY Us 01/15/27 P1850.28%
2TSLA Us 01/15/27 P3600.27%
2ADBE Us 01/15/27 P2350.24%
2AMZN Us 01/15/27 P2550.18%

Weight gaps

GMEY and KWIN share no securities.

All GMEY holdings⁠All KWIN 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.

GMEY vs KWIN Cost

Overpaying GMEY vs KWIN

$8,685

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

GMEY 1.01%
$18,850
KWIN 0.51%
$10,165

Amount$10,000

Years30 years

Cost over time

GMEY 1.01%
KWIN 0.51%
Overpaying

Year by year

Year	GMEY	KWIN	Overpaying
10	$1,780	$918	$862
20	$6,686	$3,527	$3,159
30	$18,850	$10,165	$8,685

Expense ratio

1.01%GMEY
0.51%KWIN, cheaper

KWIN0.51%GMEY1.01%

0.51%1.91%

Middle half of Single-Stock Option Income funds
Median 1.04%

KWIN cheapest of 71 funds

GMEY 25th cheapest of 71 funds

GMEY vs KWIN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GMEY 71.20%; KWIN No data
Payout (12M): GMEY $16.78; KWIN None
Last payment: GMEY $0.29; KWIN No data
Ex-dividend: GMEY Nov 5, 2026; KWIN No data
Paid on: GMEY Nov 6, 2026; KWIN No data
Frequency: GMEY Weekly; KWIN No data

Distribution history

Per share, 2026, same scale for both

GMEYWeekly · 45 paymentsAll GMEY payments⁠

KWINAll KWIN payments⁠

No distribution history available.

GMEY vs KWIN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GMEY 34.0%since Oct 2025KWIN No data
Return per unit of riskSharpe ratio, 3 years: GMEY −0.76since Oct 2025KWIN No data
Worst fallMax drawdown, 5 years: GMEY −33.7%since Sep 2025KWIN −1.6%since Nov 2025
Market sensitivityBeta, 5 years: GMEY 0.34KWIN 0.001; Market = 1

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