JPO ETF — YieldMax JP Option Income Strategy ETF

YieldMax JP Option Income Strategy ETF (JPO)

Updated October 2, 2026.

JPO is an ETF linked to JPMorgan Chase (JPM). its distribution rate is 18.39%, its trailing-12-month yield is 34.03%, its expense ratio is 1.04%. Dividend Vision Distribution Safety Score™ is 18/100 (High risk). Total return is 50.1% over the past 3.1 years, 92.5 points behind JPM at 142.6%.

At the current 18.39% distribution rate, a $10,000 investment would generate approximately $1,839 per year. Actual weekly payments vary.

YieldMax JP Option Income Strategy ETF is an ETF that seeks current income with indirect exposure to JPMorgan Chase common stock through a synthetic covered call options strategy, which caps potential gains on the underlying shares. The fund distributes income on a weekly basis and carries an expense ratio of 1.04%. It appeals to income-focused investors seeking regular payouts from a large financial services company, though the covered call structure limits upside participation in share price appreciation.

JPO performance versus JPM

Price and return data through 2026-10-02.

Total return is 50.1% over the past 3.1 years, 92.5 points behind JPM at 142.6%. Over the past year its total return — price change plus distributions reinvested — is 5.9%. Its deepest 1-year drawdown was 14.2%.

JPO key facts

Distribution Safety Score™

18 · High risk

Safety-Adjusted Yield

3.31%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

09/11/2023

Expense ratio

1.04%

Distribution rate

18.39%

Distribution frequency

Weekly

Trailing yield

34.03%

Last close

$13.29 (as of 2026-10-02)

AUM

$31,236,426

Market cap

$231,246,000

Average volume

14100.0

Last dividend

$0.047

Latest 19(a) ROC estimate

0.00%

Last ex-dividend date

10/01/2026

Last payment date

10/02/2026

Beta

0.7971

How Dividend Vision calculates yield and returns

Distribution rate (18.39%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (34.03%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: YieldMax or company page; Index: JPMorgan Chase (JPM); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

JPO risks and drawbacks

Total return has trailed JPM over the available window. The deepest 1-year drawdown on record here is 14.2%.

Who may consider JPO — and who may not

It is a weaker fit for investors whose main goal is matching JPM total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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