LQDW vs YMAG: Grades, Fees and Holdings Compared

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

LQDWACboe

YieldMax Magnificent 7 Fund of Option Income ETF

YMAGDNYSE Arca

Overlap

0.0%by weight

Expense ratio

LQDW −1.00pt a year

LQDW0.34%YMAG1.34%

Avg volume · 30D

YMAG 9.7×the volume

LQDW107KYMAG1.04M

LQDW vs YMAG Performance

Oct 31, 2025 – Nov 2, 2026

+1.8%LQDW+1.5%YMAG

Expense ratio: LQDW 0.34%, better; YMAG 1.34%
Fund size: LQDW $353M; YMAG $271M
1Y total return: LQDW +1.8%, better; YMAG +1.5%
Yield (12M): LQDW 12.41%; YMAG 47.99%, better
Holdings: LQDW 3192; YMAG 8
Avg volume (30D): LQDW 107K sh; YMAG 1.04M sh, better
NAV per share: LQDW $22.87; YMAG $10.53
52W range

ETF.net Grade

Pillar letters and Scores for LQDW, YMAG, with each pillar’s weight
Pillar	LQDW	YMAG
Cost30% weight	A100Higher	F0
Mission25% weight	A94	Not scored
Risk15% weight	B66Higher	D31
Tradability15% weight	A78Higher	B63
Holdings10% weight	A100Higher	C52
Durability5% weight	A82Higher	A71

Rank among Index Option Income funds

How we build Categories ›

Same Category. LQDW 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 ›

LQDW ranks 1st 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 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

LQDWAiShares Investment Grade Corporate Bond BuyWrite Strategy ETF

YMAGDYieldMax Magnificent 7 Fund of Option Income ETF

In short

LQDW Covered calls, but on bonds. LQDW owns iShares' flagship investment-grade corporate bond fund and writes monthly calls against it, paying distributions monthly, at less than half the option-income cohort's median fee.

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

LQDW The fund seeks to track a strategy holding LQD while writing monthly covered calls to generate income.

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

LQDW At 0.34%, it undercuts the typical option-income fund by well over half (cohort median 0.75%), so less of the premium collected leaks out as fees.
One ticker buys the whole trade: shares of LQD plus a rules-based monthly call overlay. No options approval, no roll dates to babysit.ishares.com
A thin niche. Most option-income funds write calls on stock baskets; this one sits on investment-grade corporate credit instead.
Distributions land monthly, and since its 2022 launch the fund has stuck closely to its stated strategy, among the tighter implementations in its peer group.

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

LQDW Written calls cap the upside. If corporate bonds rally hard, the premium collected is the consolation for price gains handed to the call buyer.
Premium cushions, it does not shield. Widening credit spreads or rising rates still hit the underlying bond portfolio.
Mid-sized and moderately traded rather than a giant, so spreads can run wider than in the biggest option-income names, especially in fast markets.

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 LQDW profile⁠

Full YMAG profile⁠

LQDW vs YMAG Holdings

How LQDW and YMAG differ

Overlap by weight

0.0%

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

Level by level

Asset classFixed Income, Alternatives0.0%
Sector18 Sectors0.0%
Holdings0 in both0.0%
Countryby domicile100%

Sector

Sector weights in LQDW and YMAG, widest gap first
Sector	More in LQDWMore in YMAG	LQDW	YMAG
Financials	YMAG +100.0 points	0.0%	100.0%
Banking	LQDW +26.6 points	26.6%	0.0%
Health Care	LQDW +13.8 points	13.8%	0.0%
Communications	LQDW +12.5 points	12.5%	0.0%
Energy	LQDW +9.2 points	9.2%	0.0%
Consumer Discretionary	LQDW +8.8 points	8.8%	0.0%
Consumer Non-Cyclical	LQDW +6.1 points	6.1%	0.0%
Capital Goods	LQDW +5.5 points	5.5%	0.0%
Electric	LQDW +5.1 points	5.1%	0.0%
Insurance	LQDW +5.1 points	5.1%	0.0%
Basic Industry	LQDW +1.9 points	1.9%	0.0%
Transportation	LQDW +1.6 points	1.6%	0.0%
Brokerage/Asset Managers/Exchanges	LQDW +1.3 points	1.3%	0.0%
Reits	LQDW +1.0 points	1.0%	0.0%
Finance Companies	LQDW +0.9 points	0.9%	0.0%
Natural Gas	LQDW +0.3 points	0.3%	0.0%
Treasuries	LQDW +0.2 points	0.2%	0.0%
Owned No Guarantee	LQDW +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in LQDW and YMAG, widest gap first
Country	More in LQDWMore in YMAG	LQDW	YMAG
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

LQDW2.2%
YMAG100.0%

Securities held

LQDW3,189
YMAG8

Asset class

LQDW: Fixed Income
YMAG: Alternatives

Holdings

Only in LQDW3,189
In both0
Only in YMAG8

Only in LQDW

3,189 securities, 99.9% of LQDW by weight

Anheuser-Busch Companies Llc 4.90% 02/01/20460.19%
Space Exploration Technologies Cor 144A 5.35% 07/15/20310.18%
Cvs Health Corp 5.05% 03/25/20480.17%
Paramount Skydance Corp 144A 7.05% 10/15/20310.16%
Amazon.com Inc 4.88% 03/13/20360.15%
T-Mobile Usa Inc 3.88% 04/15/20300.15%
Citigroup Inc 5.86% 09/24/20370.14%
Goldman Sachs Group Inc/The 6.75% 10/01/20370.14%
Meta Platforms Inc 4.88% 11/15/20350.14%
Meta Platforms Inc 5.63% 11/15/20550.13%
Paramount Skydance Corp 144A 7.55% 10/15/20330.13%
Space Exploration Technologies Cor 144A 5.65% 07/15/20330.13%
Boeing Co 5.80% 05/01/20500.13%
Meta Platforms Inc 5.25% 05/15/20360.13%
Pfizer Investment Enterprises Pte 5.30% 05/19/20530.13%
Oracle Corporation 5.70% 02/04/20360.13%
Meta Platforms Inc 6.30% 05/15/20560.13%
Bank of America Corp Mtn 5.47% 01/23/20350.12%
Citigroup Inc 5.58% 09/24/20320.12%
Space Exploration Technologies Cor 144A 5.88% 07/15/20360.12%
Paramount Skydance Corp 144A 7.90% 10/15/20360.12%
AbbVie Inc 4.25% 11/21/20490.12%
Amgen Inc 5.25% 03/02/20330.12%
Alphabet Inc 6.38% 08/15/20560.12%
Anheuser-Busch Companies Llc 4.70% 02/01/20360.11%
Wells Fargo & Company Mtn 5.01% 04/04/20510.11%
Amazon.com Inc 5.80% 03/13/20560.11%
Bank of America Corp Mtn 5.29% 04/25/20340.11%
Boeing Co 5.15% 05/01/20300.11%
Paramount Skydance Corp 144A 8.75% 10/15/20560.11%
Wells Fargo & Company Mtn 5.56% 07/25/20340.11%
Bank of America Corp Mtn 5.01% 07/22/20330.11%
AT&T Inc 3.50% 09/15/20530.11%
Pfizer Investment Enterprises Pte 4.75% 05/19/20330.11%
Goldman Sachs Group Inc/The 5.07% 01/21/20370.11%
Amazon.com Inc 5.30% 07/09/20360.11%
Salesforce Inc 5.55% 03/15/20360.11%
AbbVie Inc 3.20% 11/21/20290.11%
Wells Fargo & Company Mtn 5.83% 09/24/20370.11%
Amazon.com Inc 4.80% 07/09/20310.11%
AT&T Inc 3.55% 09/15/20550.11%
Oracle Corporation 6.70% 02/04/20560.11%
Alphabet Inc 5.45% 08/15/20360.11%
Amgen Inc 5.65% 03/02/20530.10%
JPMorgan Chase & Co 5.35% 06/01/20340.10%
Wells Fargo & Company 6.49% 10/23/20340.10%
Goldman Sachs Group Inc/The 4.94% 10/21/20360.10%
Cvs Health Corp 4.78% 03/25/20380.10%
Amazon.com Inc 4.25% 03/13/20310.10%
JPMorgan Chase & Co 4.91% 07/25/20330.10%

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

LQDW and YMAG share no securities.

All LQDW 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.

LQDW vs YMAG Cost

Overpaying YMAG vs LQDW

$17,033

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

LQDW 0.34%
$6,932
YMAG 1.34%
$23,965

Amount$10,000

Years30 years

Cost over time

LQDW 0.34%
YMAG 1.34%
Overpaying

Year by year

Year	LQDW	YMAG	Overpaying
10	$616	$2,329	$1,713
20	$2,386	$8,621	$6,235
30	$6,932	$23,965	$17,033

Expense ratio

0.34%LQDW, cheaper
1.34%YMAG

LQDW0.34%YMAG1.34%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

LQDW cheapest of 25 funds

YMAG 25th cheapest of 25 funds

LQDW vs YMAG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): LQDW 12.41%; YMAG 47.99%, better
Payout (12M): LQDW $2.83; YMAG $5.03
Last payment: LQDW $0.38; YMAG $0.07
Ex-dividend: LQDW Oct 2, 2026; YMAG Oct 28, 2026
Paid on: LQDW Oct 7, 2026; YMAG Oct 29, 2026
Frequency: LQDW Monthly; YMAG Weekly

Distribution history

Per share, 2026, same scale for both

LQDWMonthly · 9 paymentsAll LQDW payments⁠

YMAGWeekly · 43 paymentsAll YMAG payments⁠

LQDW vs YMAG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LQDW 4.2%YMAG 17.5%since Feb 2024
Return per unit of riskSharpe ratio, 3 years: LQDW 0.16YMAG 0.93since Feb 2024
Worst fallMax drawdown, 5 years: LQDW −9.2%since Aug 2022YMAG −25.9%since Jan 2024
Market sensitivityBeta, 5 years: LQDW 0.59YMAG 1.08; Market = 1

LQDW and YMAG in the news

All news⁠

Income Watch
BlackRock estimates 86% of the iShares Nasdaq Premium Income Active ETF's October check was return of capital
Oct 11, 2026LQDW

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LQDW vs YMAG

In short

Stated mandate

Why people hold it

Worth knowing

How LQDW and YMAG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in LQDW

Only in YMAG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

BlackRock estimates 86% of the iShares Nasdaq Premium Income Active ETF's October check was return of capital

How LQDW and YMAG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in LQDW

Only in YMAG

Weight gaps