Best Of
YieldMax ETFs: Distributions, Strategies, and Risks (2026)
Active YieldMax ETFs ranked by assets, with payout frequency, yield, cost, and single-stock concentration in view.
Data updated September 2026 · 61 ETFs
The short answer
YieldMax ETFs use options-based strategies to turn exposure to a stock, index, or themed portfolio into frequent cash distributions. The distribution is not a dividend from the underlying company and is not guaranteed; option premium, realized gains, income, and return of capital can all contribute.
This screen shows up to 100 tracked active issuer ETFs by assets. Compare underlying exposure, options mandate, costs, distribution history, NAV, and total return before comparing payment rates.
Who this page is for
Best for
- Researchers comparing options mandates and distribution histories
- Readers assessing underlying concentration and total return
Not a fit for
- Anyone interpreting annualized distributions as guaranteed returns
- Investors unable to tolerate payout cuts or substantial principal losses
Analysis
YieldMax funds package options strategies around individual stocks, indexes, or themed portfolios. Underlying volatility affects option premiums and drawdown risk; concentration depends on the chosen exposures. Written calls can surrender some upside during a rally. Different fund mandates and option structures can produce different results.
Frequent cash distributions are variable and are only one component of total return. Compare cash paid, remaining NAV, fees, and price changes together. A single-stock strategy retains concentrated company risk, while a fund holding multiple exposures can still have substantial overlap or sector concentration.
Risks specific to this category
- Capped upside: covered-call and option-overlay funds in this group keep the option premium in a rally but surrender gains above the strike, so they can trail the very index they write options against.
- Distribution sustainability: the average distribution rate here is 45.0%, and payouts at that level often include return of capital — when distributions persistently exceed total return, NAV erodes and shrinks the base that generates future income.
- Single-name concentration: option-income funds built on one underlying stock inherit that company's full drawdown risk, and a sharp decline can overwhelm months of option premium.
- Concentration in one theme: most funds here focus on single, so the whole list tends to draw down together when that corner of the market falls out of favor — diversification across the table is lower than the fund count suggests.
- Expense drag: expense ratios in this group average 1.07% — several times what broad index funds charge — and that cost compounds directly against total return.
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A ranked list is a starting point. Dividend Vision turns it into a plan — forecasting the income your holdings actually generate and putting each fund's yield next to its total return and risk.
- Income forecasting — know what your holdings pay monthly, quarterly, and yearly
- Yield vs. total return — weigh each distribution against price performance, not the headline rate
- Screen & compare — line up any income ETFs side by side on yield, cost, and strategy
- Portfolio risk — see income concentration, issuer overlap, and volatility across your holdings
- AI ETF comparison — ask plain-language questions to compare yield, risk, and income potential
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Top picks
The three largest active YieldMax ETFs by assets under management.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 44.27% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $4,427 | $369 | $85 |
| $25,000 | $11,068 | $922 | $213 |
| $50,000 | $22,136 | $1,845 | $426 |
| $100,000 | $44,273 | $3,689 | $851 |
Issuer breakdown
Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.
How this list is built
"Best" here means the selection rule below, applied to our own data — not an opinion poll and not a prediction:
- Universe: every security in our database matching this category — 61 qualified as of September 2026.
- Exclusions: liquidated, delisted and renamed funds drop out automatically; a renamed fund's successor appears in its place.
- Ordering: assets under management, largest first.
- Cap: none — all 61 matching funds are listed.
- Independence: no placement on this page is paid, sponsored, or influenced by a fund issuer.
All 61 ETFs
| Ticker | Name | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|
| NVDY | YieldMax NVDA Option Income Strategy ETF | YieldMax | 41.01% | 1.09% | $1.4B | Weekly |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | YieldMax | 39.46% | 1.03% | $1.2B | Weekly |
| MSTY | YieldMax MSTR Option Income Strategy ETF | YieldMax | 104.77% | 1.03% | $1.0B | Weekly |
| ULTY | YieldMax Ultra Option Income Strategy ETF | YieldMax | 60.12% | 1.30% | $748M | Weekly |
| TSLY | YieldMax TSLA Option Income Strategy ETF | YieldMax | 49.13% | 1.07% | $661M | Weekly |
| AMDY | YieldMax AMD Option Income Strategy ETF | YieldMax | 43.49% | 1.00% | $382M | Weekly |
| YMAX | YieldMax Universe Fund of Option Income ETFs | YieldMax | 40.38% | 1.33% | $382M | Weekly |
| PLTY | YieldMax PLTR Option Income Strategy ETF | YieldMax | 40.92% | 1.07% | $378M | Weekly |
| CONY | YieldMax COIN Option Income Strategy ETF | YieldMax | 87.78% | 1.04% | $364M | Weekly |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | YieldMax | 55.31% | 1.00% | $333M | Weekly |
| YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | YieldMax | 34.22% | 1.34% | $296M | Weekly |
| AMZY | YieldMax AMZN Option Income Strategy ETF | YieldMax | 25.12% | 1.09% | $235M | Weekly |
| GOOY | YieldMax GOOGL Option Income Strategy ETF | YieldMax | 23.06% | 1.14% | $228M | Weekly |
| SMCY | YieldMax SMCI Option Income Strategy ETF | YieldMax | 98.56% | 1.01% | $160M | Weekly |
| GPTY | YieldMax AI & Tech Portfolio Option Income ETF | YieldMax | 34.55% | 1.06% | $137M | Weekly |
| MRNY | YieldMax MRNA Option Income Strategy ETF | YieldMax | 48.86% | 1.00% | $135M | Weekly |
| TSMY | YieldMax TSM Option Income Strategy ETF | YieldMax | 34.71% | 1.01% | $130M | Weekly |
| HOOY | YieldMax HOOD Option Income Strategy ETF | YieldMax | 103.88% | 0.99% | $129M | Weekly |
| MSFO | YieldMax MSFT Option Income Strategy ETF | YieldMax | 26.13% | 1.03% | $106M | Weekly |
| APLY | YieldMax AAPL Option Income Strategy ETF | YieldMax | 20.49% | 1.04% | $97M | Weekly |
| LFGY | YieldMax Crypto Industry & Tech Portfolio Option Income ETF | YieldMax | 45.47% | 1.02% | $94M | Weekly |
| FBY | YieldMax META Option Income ETF | YieldMax | 35.86% | 1.06% | $91M | Weekly |
| SNOY | YieldMax SNOW Option Income Strategy ETF | YieldMax | 61.09% | 1.00% | $72M | Weekly |
| SOXY | YieldMax Semiconductor Premium Income ETF | YieldMax | 11.66% | 1.06% | $65M | Monthly |
| WNTR | YieldMax Short MSTR Option Income Strategy ETF | YieldMax | 62.38% | 1.00% | $62M | Weekly |
| JPO | YieldMax JP Option Income Strategy ETF | YieldMax | 19.05% | 1.04% | $50M | Weekly |
| OARK | YieldMax Innovation Option Income Strategy ETF | YieldMax | 36.01% | 1.00% | $48M | Weekly |
| YBIT | YieldMax Bitcoin Option Income Strategy ETF | YieldMax | 76.52% | 1.02% | $47M | Weekly |
| BIGY | YieldMax Target 12 Big 50 Option Income ETF | YieldMax | 12.13% | 1.09% | $44M | Monthly |
| XOMO | YieldMax XOM Option Income Strategy ETF | YieldMax | 25.21% | 1.17% | $43M | Weekly |
| CRCO | YieldMax CRCL Option Income Strategy ETF | YieldMax | 105.30% | 1.01% | $42M | Weekly |
| AIYY | YieldMax AI Option Income Strategy ETF | YieldMax | 75.22% | 0.99% | $42M | Weekly |
| MARO | YieldMax MARA Option Income Strategy ETF | YieldMax | 82.48% | 1.00% | $42M | Weekly |
| SDTY | YieldMax S&P 500 0DTE Covered Call Strategy ETF | YieldMax | 20.86% | 1.08% | $41M | Weekly |
| QDTY | YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF | YieldMax | 28.66% | 1.17% | $39M | Weekly |
| NFLY | YieldMax NFLX Option Income Strategy ETF | YieldMax | 35.21% | 1.01% | $39M | Weekly |
| XYZY | YieldMax XYZ Option Income Strategy ETF | YieldMax | 36.68% | 1.36% | $36M | Weekly |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | YieldMax | 48.90% | 1.05% | $32M | Weekly |
| RDTY | YieldMax R2000 0DTE Covered Strategy ETF | YieldMax | 28.36% | 1.73% | $31M | Weekly |
| BABO | YieldMax BABA Option Income Strategy ETF | YieldMax | 35.74% | 1.00% | $25M | Weekly |
| PYPY | YieldMax PYPL Option Income Strategy ETF | YieldMax | 31.06% | 1.31% | $23M | Weekly |
| CVNY | YieldMax CVNA Option Income Strategy ETF | YieldMax | 65.07% | 1.09% | $22M | Weekly |
| INYY | YieldMax INTC Option Income Strategy ETF | YieldMax | 70.81% | 0.99% | $20M | Weekly |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | YieldMax | 54.84% | 1.25% | $17M | Weekly |
| BRKC | YieldMax BRK.B Option Income Strategy ETF | YieldMax | 18.87% | 1.01% | $17M | Weekly |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | YieldMax | 20.28% | 1.11% | $15M | Weekly |
| RDYY | YieldMax RDDT Option Income Strategy ETF | YieldMax | 56.59% | 1.01% | $15M | Weekly |
| CRSH | YieldMax Short TSLA Option Income Strategy ETF | YieldMax | 42.11% | 1.05% | $15M | Weekly |
| NVIT | YieldMax NVDA Performance & Distribution Target 25 ETF | YieldMax | 25.32% | 1.08% | $14M | Weekly |
| HIYY | YieldMax HIMS Option Income Strategy ETF | YieldMax | 75.05% | 1.01% | $13M | Weekly |
| YSPC | YieldMax SPCX Option Income Strategy ETF | YieldMax | 67.89% | 1.01% | $11M | Weekly |
| DDDD | YieldMax U.S. Stocks Target Double Distribution ETF | YieldMax | 5.98% | 0.99% | $8M | Quarterly |
| DIPS | YieldMax Short NVDA Option Income Strategy ETF | YieldMax | 35.34% | 1.05% | $7M | Weekly |
| RNTY | YieldMax Real Estate Premium Income ETF | YieldMax | 12.68% | 0.99% | $6M | Monthly |
| MINY | YieldMax Strategic Metals & Mining Portfolio Option Income ETF | YieldMax | 30.24% | 1.01% | $6M | Weekly |
| DRAY | YieldMax DKNG Option Income Strategy ETF | YieldMax | 34.62% | 1.03% | $4M | Weekly |
| MSST | YieldMax MSTR Performance & Distribution Target 25 ETF | YieldMax | 26.09% | 0.99% | $3M | Weekly |
| RBLY | YieldMax RBLX Option Income Strategy ETF | YieldMax | 78.24% | 0.99% | $3M | Weekly |
| TEST | YieldMax TSLA Performance & Distribution Target 25 ETF | YieldMax | 24.40% | 1.01% | $3M | Weekly |
| YRAM | YieldMax Memory and Storage Portfolio Option Income ETF | YieldMax | — | 1.01% | $3M | Weekly |
| GMEY | YieldMax GME Option Income Strategy ETF | YieldMax | 30.43% | 1.01% | $2M | Weekly |
Frequently asked questions
Which YieldMax ETFs appear here?
Tracked ETFs whose issuer is YieldMax appear by assets, largest first, up to 100 funds. Liquidated, delisted, and renamed symbols are excluded. Coverage depends on the available dataset.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated September 2026.
What is the average yield of these ETFs?
The average distribution yield across the 61 ETFs on this list is 44.27%. Individual yields range from 5.98% to 105.30%.
Do YieldMax ETFs pay dividends?
They make fund distributions, often weekly, but those payments are not dividends paid by the underlying company. Their source and final tax character can include option income, gains, ordinary income, or return of capital.
Are YieldMax distribution rates guaranteed?
No. Distribution amounts and rates can change, and a high annualized rate can reflect a recent payment that will not repeat. Review the full payment history and issuer notices.
What is the biggest risk of a single-stock income ETF?
It combines the underlying company's concentration and drawdown risk with an options overlay that may cap recovery during a rally. Fees and an aggressive payout can further reduce NAV.
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