TEST ETF — YieldMax TSLA Performance & Distribution Target 25 ETF

YieldMax TSLA Performance & Distribution Target 25 ETF (TEST)

Updated October 8, 2026.

TEST is an ETF linked to Tesla (TSLA). its distribution rate is 24.84%, its trailing-12-month yield is 25.77%, its expense ratio is 1.01%. Dividend Vision Distribution Safety Score™ is 44/100 (Caution). Total return is -6.1% over the past 0.9 years, 0.4 points ahead of TSLA at -6.5%.

At the current 24.84% distribution rate, a $10,000 investment would generate approximately $2,484 per year. Actual weekly payments vary.

This actively managed ETF blends synthetic long exposure to Tesla with a covered call options overlay designed to generate income. It targets a high distribution rate through weekly cash distributions funded by option premiums, with an expense ratio of 1.01%. The fund appeals to income-focused investors seeking regular distributions from Tesla exposure, though its non-diversified, single-stock structure and active options strategy carry concentrated risks.

TEST performance versus TSLA

Price and return data through 2026-10-08.

Total return is -6.1% over the past 0.9 years, 0.4 points ahead of TSLA at -6.5%. Its deepest 1-year drawdown was 31.8%.

TEST key facts

Distribution Safety Score™

44 · Caution

Safety-Adjusted Yield

10.93%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

11/17/2025

Expense ratio

1.01%

Distribution rate

24.84%

Distribution frequency

Weekly

Trailing yield

25.77%

Last close

$37.71 (as of 2026-10-08)

AUM

$3,745,711

Average volume

610.0

Last dividend

$0.1801

Latest 19(a) ROC estimate

77.88%

Last ex-dividend date

10/06/2026

Last payment date

10/07/2026

Beta

1.4885

How Dividend Vision calculates yield and returns

Distribution rate (24.84%) 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 (25.77%) 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: Tesla (TSLA); 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.

TEST risks and drawbacks

The deepest 1-year drawdown on record here is 31.8%.

Compare TEST

TEST vs similar funds:

• TEST vs TSII vs TSLP vs TSLW vs TSYY

Frequently asked questions

More securities from YieldMax.