TEST ETF — YieldMax TSLA Performance & Distribution Target 25 ETF
YieldMax TSLA Performance & Distribution Target 25 ETF (TEST)
TEST is an ETF that tracks the Tesla (TSLA). As of August 19, 2026, its distribution rate is 25.36%, its trailing-12-month yield is 23.22%, its expense ratio is 1.01%. Dividend Vision Distribution Safety Score™ is 53/100 (Caution). Fund total return is -12.4% over the past 0.7 years, 3.6 points ahead of TSLA at -16.0%.
At the current 25.36% distribution rate, a $10,000 investment would generate approximately $2,536 per year, or $211.33 per month on an equivalent basis. 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 dividend yield and income
Data as of August 19, 2026.
The distribution rate (25.36%) is the latest posted forward yield, paid weekly. Trailing-12-month yield (23.22%) is the last year of payments divided by the current price. The 30-day SEC yield is 2.47%. The last dividend was $0.1776. The last ex-dividend date was 08/18/2026. It was paid on 08/19/2026. At 25.36%, $10,000 would generate about $2,536 a year ($211.33 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-08-18 | $0.178 | — |
| 2026-08-11 | $0.173 | — |
| 2026-08-04 | $0.167 | — |
| 2026-07-28 | $0.169 | — |
| 2026-07-21 | $0.203 | — |
| 2026-07-14 | $0.215 | — |
| 2026-07-07 | $0.226 | — |
| 2026-06-30 | $0.201 | — |
| 2026-06-23 | $0.213 | — |
| 2026-06-16 | $0.212 | — |
| 2026-06-09 | $0.218 | — |
| 2026-06-02 | $0.229 | — |
| 2026-05-27 | $0.223 | — |
| 2026-05-19 | $0.222 | — |
| 2026-05-12 | $0.219 | — |
| 2026-05-05 | $0.21 | — |
| 2026-04-28 | $0.207 | — |
| 2026-04-21 | $0.22 | — |
| 2026-04-14 | $0.198 | — |
| 2026-04-07 | $0.205 | — |
| 2026-03-31 | $0.206 | — |
| 2026-03-24 | $0.21 | — |
| 2026-03-17 | $0.22 | — |
| 2026-03-10 | $0.223 | — |
| 2026-03-03 | $0.227 | — |
| 2026-02-24 | $0.231 | — |
| 2026-02-18 | $0.234 | — |
| 2026-02-10 | $0.232 | — |
| 2026-02-03 | $0.243 | — |
| 2026-01-27 | $0.252 | — |
| 2026-01-21 | $0.248 | — |
| 2026-01-13 | $0.251 | — |
| 2026-01-06 | $0.247 | — |
| 2025-12-30 | $0.268 | — |
| 2025-12-23 | $0.271 | — |
| 2025-12-16 | $0.266 | — |
| 2025-12-09 | $0.264 | — |
| 2025-12-02 | $0.254 | — |
| 2025 total | $1.323 | — |
| 2026 YTD total | $7.132 | — |
TEST dividend growth
An annualized trend fit on recent payments is -41.30%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut.
TEST performance versus TSLA
Data as of August 19, 2026.
Fund total return is -12.4% over the past 0.7 years, 3.6 points ahead of TSLA at -16.0%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (0.7 years) | -12.4% | — |
TEST key facts
Data as of August 19, 2026.
- Distribution Safety Score™
- 53 · Caution
- Safety-Adjusted Yield
- 13.44%
- Issuer
- YieldMax
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 11/17/2025
- Expense ratio
- 1.01%
- Distribution rate
- 25.36%
- Distribution frequency
- Weekly
- Trailing yield
- 23.22%
- 30-day SEC yield
- 2.47%
- Last close
- $36.42
- AUM
- $2,753,790
- Average volume
- 876.0
- Last dividend
- $0.1776
- Ex-dividend date
- 08/18/2026
- Payment date
- 08/19/2026
- Beta
- 1.4885
How Dividend Vision calculates yield and returns
Distribution rate (25.36%) 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 (23.22%) 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. The 30-day SEC yield (2.47%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. 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: 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.
Compare TEST
TEST vs similar funds:
Frequently asked questions
Does TEST pay monthly?
No. TEST currently pays weekly, not monthly.
What index does TEST track?
TEST tracks the Tesla (TSLA).
What is TEST's expense ratio?
TEST's expense ratio is 1.01%.
What is TEST's dividend yield?
TEST currently yields 25.36%, paid weekly, with a 1.01% expense ratio.
When does TEST pay a dividend?
TEST pays weekly. The last dividend was $0.1776. The last ex-dividend date was 08/18/2026. It was paid on 08/19/2026.
How has TEST performed?
Fund total return is -12.4% over the past 0.7 years, 3.6 points ahead of TSLA at -16.0%.
Is TEST a good investment?
TEST's Dividend Vision Distribution Safety Score is 53 (Caution). That is a risk signal, not investment advice. It currently yields 25.36%. Compare peers below rather than treating any single figure as a buy or sell.
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