PYPY ETF — YieldMax PYPL Option Income Strategy ETF

YieldMax PYPL Option Income Strategy ETF (PYPY)

Updated October 8, 2026.

PYPY is an ETF linked to PayPal (PYPL). its distribution rate is 25.58%, its trailing-12-month yield is 64.89%, its expense ratio is 1.31%. Dividend Vision Distribution Safety Score™ is 15/100 (High risk). Total return is -2.9% over the past 3 years, 2.7 points ahead of PYPL at -5.6%.

At the current 25.58% distribution rate, a $10,000 investment would generate approximately $2,558 per year. Actual weekly payments vary.

YieldMax PYPL Option Income Strategy ETF uses a synthetic covered call strategy built from exchange-traded options to seek current income while providing indirect exposure to PayPal Holdings common stock, though potential gains are capped. The fund distributes a high portion of its value weekly and carries an expense ratio of 1.31%. It appeals to income-focused investors seeking regular distributions from a single-stock strategy, though the covered call structure limits upside participation.

PYPY performance versus PYPL

Price and return data through 2026-10-08.

Total return is -2.9% over the past 3 years, 2.7 points ahead of PYPL at -5.6%. Over the past year its total return — price change plus distributions reinvested — is -28.1%. Its deepest 1-year drawdown was 44.8%.

PYPY key facts

Distribution Safety Score™

15 · High risk

Safety-Adjusted Yield

3.84%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

09/25/2023

Expense ratio

1.31%

Distribution rate

25.58%

Distribution frequency

Weekly

Trailing yield

64.89%

Last close

$25.80 (as of 2026-10-08)

AUM

$12,863,234

Average volume

10274.0

Last dividend

$0.1269

Latest 19(a) ROC estimate

89.86%

Last ex-dividend date

10/08/2026

Last payment date

10/09/2026

Beta

0.73

How Dividend Vision calculates yield and returns

Distribution rate (25.58%) 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 (64.89%) 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: PayPal (PYPL); 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.

PYPY risks and drawbacks

The deepest 1-year drawdown on record here is 44.8%.

Compare PYPY

PYPY vs similar funds:

• PYPY vs PYPL

Frequently asked questions

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