RECI vs YMAX: Grades, Fees and Holdings Compared

Columbia Research Enhanced Core Premium Income ET

RECIANYSE Arca

YieldMax Universe Fund of Option Income ETFs

YMAXDNYSE Arca

Overlap

0.0%by weight

Expense ratio

RECI −1.03pt a year

RECI0.30%YMAX1.33%

Avg volume · 30D

YMAX 43.1×the volume

RECI28KYMAX1.2M

RECI vs YMAX Performance

Aug 7, 2026 – Nov 9, 2026

+1.9%RECI−2.2%YMAX

Expense ratio: RECI 0.30%, better; YMAX 1.33%
Fund size: RECI $10M; YMAX $317M
1Y total return: RECI No data; YMAX −3.0%
Yield (12M): RECI No data; YMAX 61.02%
Holdings: RECI 355; YMAX 30
Avg volume (30D): RECI 28K sh; YMAX 1.2M sh, better
NAV per share: RECI $19.98; YMAX $6.66
52W range

ETF.net Grade

Pillar letters and Scores for RECI, YMAX, with each pillar’s weight
Pillar	RECI	YMAX
Cost30% weight	A100Higher	F2
Mission25% weight	Not scored	Not scored
Risk15% weight	A75Higher	F21
Tradability15% weight	A74Higher	B61
Holdings10% weight	B59Higher	C50
Durability5% weight	C45	A83Higher

Rank among Active Option Income funds

How we build Categories ›

Same Category. RECI and YMAX are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds

See all 50 ›

RECI ranks 3rd and YMAX 40th of 50 funds in the Active Option Income Category.

Rank 1ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 81
Rank 1AYLDEFranklin ClearBridge Enhanced Income ETFScore 81
Rank 3ARECIColumbia Research Enhanced Core Premium Income ETScore 80
Rank 4ARDVIFT Vest Rising Dividend Achievers Target Income ETFScore 77
Rank 39DKYLDKurv High Income ETFScore 30
Rank 40DYMAXYieldMax Universe Fund of Option Income ETFsScore 29
Rank 41DWZRDOpportunistic Trader ETFScore 27

Our read on each fund

ETF.net Research

RECIAColumbia Research Enhanced Core Premium Income ET

YMAXDYieldMax Universe Fund of Option Income ETFs

In short

RECI No data

YMAX The 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.

Stated mandate

RECI No data

YMAX 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

RECI No data

YMAX 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

RECI No data

YMAX 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

Full RECI profile⁠

Full YMAX profile⁠

RECI vs YMAX Holdings

How RECI and YMAX differ

Overlap by weight

0.0%

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

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

Level by level

Holdings0 in both0.0%
Countryby domicile77.7%
Asset classStocks100%

Sector

No Sector split for YMAX.

Country, concentration and asset class

Country by domicile

Country weights in RECI and YMAX, widest gap first
Country	Gap	RECI	YMAX
United States	RECI +22.0 points	99.7%	77.7%
Taiwan	YMAX +11.7 points	0.0%	11.7%
Netherlands	YMAX +4.4 points	0.0%	4.4%
South Korea	YMAX +3.1 points	0.0%	3.1%
Singapore	YMAX +3.1 points	0.0%	3.1%
Other countries (3)	RECI +0.3 points	0.3%	0.0%

Outside the US: YMAX 34% developed, 66% emerging.

Concentration

Weight in the 10 largest Holdings

RECI51.1%
YMAX46.5%

Securities held

RECI353
YMAX29

Asset class

RECI: Stocks
YMAX: Stocks

Holdings

Only in RECI353
In both0
Only in YMAX29

Only in RECI

353 securities, 79.5% of RECI by weight

Apple Inc10.21%
NVIDIA Corp8.50%
Meta Platforms Inc3.35%
Mastercard Inc2.25%
State Street Communication Services Select Sector Spdr Etf2.24%
Micron Technology Inc1.34%
Chevron Corp1.32%
Bank of America Corp1.31%
Altria Group Inc1.12%
Tjx Cos Inc/The1.10%
Vanguard Communication Services Etf0.96%
Bristol-Myers Squibb Co0.88%
Starbucks Corp0.86%
Citigroup Inc0.80%
Automatic Data Processing Inc0.75%
Palantir Technologies Inc0.74%
Cisco Systems Inc0.73%
Cvs Health Corp0.70%
Parker-Hannifin Corp0.68%
Colgate-Palmolive Co0.67%
Elevance Health Inc0.66%
Hilton Worldwide Holdings Inc0.63%
Charles Schwab Corp/The0.62%
Fidelity Msci Communication Services Index Etf0.60%
AbbVie Inc0.59%
General Motors Co0.59%
Target Corp0.57%
Progressive Corp/The0.57%
Conocophillips0.56%
Newmont Corp0.55%
Ross Stores Inc0.54%
Nextera Energy Inc0.54%
General Dynamics Corp0.52%
Cigna Group/The0.52%
Palo Alto Networks Inc0.48%
Illinois Tool Works Inc0.48%
Comcast Corp0.42%
Bank of New York Mellon Corp/The0.42%
Becton Dickinson & Co0.42%
Crowdstrike Holdings Inc0.42%
Equinix Inc0.42%
Marsh & Mclennan Cos Inc0.41%
Applied Materials Inc0.41%
Cardinal Health Inc0.41%
Lam Research Corp0.40%
Fedex Corp0.39%
Ford Motor Co0.38%
Us Bancorp0.37%
American Tower Corp0.37%
Cummins Inc0.37%

Only in YMAX

29 securities, 99.8% of YMAX by weight

YieldMax MRNA Option Income Strategy ETF5.91%
YieldMax MSFT Option Income Strategy ETF4.88%
YieldMax AI Option Income Strategy ETF4.75%
YieldMax Meta Option Income Strategy ETF4.72%
YieldMaxTM PLTR Option Income Strategy ETF4.53%
YieldMax AMD Option Income Strategy ETF4.43%
YieldMax Bitcoin Option Income Strategy ETF4.39%
YieldMax AAPL Option Income Strategy ETF4.38%
YieldMax XYZ Option Income Strategy ETF4.24%
YieldMax Amzn Option Income ETF4.24%
YieldMax Xom Option Income Strategy ETF4.11%
YieldMax SNOW Option Income Strategy ETF4.05%
YieldMax COIN Option Income Strategy ETF3.99%
YieldMax MSTR Option Income Strategy ETF3.87%
YieldMax PYPL Option Income Strategy ETF3.78%
YieldMax SPCX Option Income Strategy ETF3.67%
YieldMax S&P 500 0DTE Covered Call Strategy ETF3.66%
YieldMax CRCL Option Income Strategy ETF3.58%
YieldMax Innovation Option Income Strategy ETF3.24%
YieldMax HIMS Option Income Strategy ETF3.21%
YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF3.15%
YieldMax GOOGL Option Income Strategy ETF3.08%
YieldMax Semiconductor Portfolio Option Income ETF2.57%
YieldMax NVDA Option Income Strategy ETF2.36%
YieldMax MSTR Performance & Income Target 25 ETF1.32%
First American Government Obligations Fund 12/01/20311.16%
YieldMax GME Option Income Strategy ETF0.92%
YieldMax Target 12 Semiconductor Option Income ETF0.87%
YieldMax NVDA Performance & Distribution Target 25 ETF0.79%

Weight gaps

RECI and YMAX share no securities.

All RECI holdings⁠All 38 YMAX 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.

RECI vs YMAX Cost

Overpaying YMAX vs RECI

$17,668

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

RECI 0.30%
$6,149
YMAX 1.33%
$23,817

Amount$10,000

Years30 years

Cost over time

RECI 0.30%
YMAX 1.33%
Overpaying

Year by year

Year	RECI	YMAX	Overpaying
10	$545	$2,313	$1,768
20	$2,113	$8,564	$6,451
30	$6,149	$23,817	$17,668

Expense ratio

0.30%RECI, cheaper
1.33%YMAX

RECI0.30%YMAX1.33%

0.30%1.64%

Middle half of Active Option Income funds
Median 0.95%

RECI cheapest of 50 funds

YMAX 49th cheapest of 50 funds

RECI vs YMAX Dividends

Last 12 months to Nov 9, 2026

Yield (12M): RECI No data; YMAX 61.02%
Payout (12M): RECI No data; YMAX $4.15
Last payment: RECI $0.14; YMAX $0.05
Ex-dividend: RECI Nov 2, 2026; YMAX Nov 4, 2026
Paid on: RECI Nov 4, 2026; YMAX Nov 5, 2026
Frequency: RECI Monthly; YMAX Weekly

Distribution history

Per share, 2026, same scale for both

RECIMonthly · 3 paymentsAll RECI payments⁠

YMAXWeekly · 44 paymentsAll YMAX payments⁠

RECI vs YMAX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: RECI No dataYMAX 20.1%since Feb 2024
Return per unit of riskSharpe ratio, 3 years: RECI No dataYMAX 0.39since Feb 2024
Worst fallMax drawdown, 5 years: RECI No dataYMAX −26.2%since Jan 2024
Market sensitivityBeta, 5 years: RECI 0.83YMAX 1.30; Market = 1

RECI and YMAX in the news

All news⁠

Category Review
The largest option-income fund beat the S&P 500 by selling calls on a quarter of its assets
Updated Oct 30, 2026YMAX
Income Watch
ULTY's 60% checks left holders down 1.7% for the year
Sep 6, 2026YMAX

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RECI vs YMAX

In short

Stated mandate

Why people hold it

Worth knowing

How RECI and YMAX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in RECI

Only in YMAX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The largest option-income fund beat the S&P 500 by selling calls on a quarter of its assets

ULTY's 60% checks left holders down 1.7% for the year

How RECI and YMAX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in RECI

Only in YMAX

Weight gaps