SMCY ETF — YieldMax SMCI Option Income Strategy ETF

YieldMax SMCI Option Income Strategy ETF (SMCY)

Updated October 2, 2026.

SMCY is an ETF linked to Super Micro Computer (SMCI). its distribution rate is 77.20%, its trailing-12-month yield is 119.76%, its expense ratio is 1.01%. Dividend Vision Distribution Safety Score™ is 41/100 (Caution). Total return is -27.5% over the past 2.1 years, 26.3 points behind SMCI at -1.2%.

At the current 77.20% distribution rate, a $10,000 investment would generate approximately $7,720 per year. Actual weekly payments vary.

SMCY performance versus SMCI

Price and return data through 2026-10-02.

Total return is -27.5% over the past 2.1 years, 26.3 points behind SMCI at -1.2%. Over the past year its total return — price change plus distributions reinvested — is -20.5%. Its deepest 1-year drawdown was 57.8%.

SMCY key facts

Distribution Safety Score™

41 · Caution

Safety-Adjusted Yield

31.65%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

09/11/2024

Expense ratio

1.01%

Distribution rate

77.20%

Distribution frequency

Weekly

Trailing yield

119.76%

Last close

$5.55 (as of 2026-10-02)

AUM

$143,240,902

Average volume

1532500.0

Last dividend

$0.0824

Latest 19(a) ROC estimate

97.16%

Last ex-dividend date

10/01/2026

Last payment date

10/02/2026

Beta

2.5969

How Dividend Vision calculates yield and returns

Distribution rate (77.20%) 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 (119.76%) 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: Super Micro Computer (SMCI); 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.

SMCY risks and drawbacks

Total return has trailed SMCI over the available window. The deepest 1-year drawdown on record here is 57.8%.

Who may consider SMCY — and who may not

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

Compare SMCY

SMCY vs similar funds:

• SMCY vs MSTY
• SMCY vs SMCI

Frequently asked questions

More securities from YieldMax.