PYPY ETF — YieldMax PYPL Option Income Strategy ETF

YieldMax PYPL Option Income Strategy ETF (PYPY)

PYPY is an ETF that tracks the PayPal (PYPL). As of August 19, 2026, its distribution rate is 50.19%, its trailing-12-month yield is 60.98%, its expense ratio is 1.31%. Dividend Vision Distribution Safety Score™ is 25/100 (Elevated risk). Fund total return is 9.8% over the past 2.9 years, 6.4 points ahead of PYPL at 3.4%.

At the current 50.19% distribution rate, a $10,000 investment would generate approximately $5,019 per year, or $418.25 per month on an equivalent basis. 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

Data as of August 19, 2026.

Fund total return is 9.8% over the past 2.9 years, 6.4 points ahead of PYPL at 3.4%. Its deepest 1-year drawdown was 44.8%.

PYPY key facts

Data as of August 19, 2026.

Distribution Safety Score™

25 · Elevated risk

Safety-Adjusted Yield

12.55%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

09/25/2023

Expense ratio

1.31%

Distribution rate

50.19%

Distribution frequency

Weekly

Trailing yield

60.98%

Last close

$30.58

AUM

$16,257,474

Average volume

24625.0

Last dividend

$0.2951

Ex-dividend date

08/20/2026

Payment date

08/21/2026

Beta

0.0

How Dividend Vision calculates yield and returns

Distribution rate (50.19%) 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 (60.98%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: YieldMax fund 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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