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YieldMax specializes in options-based and income-focused ETFs, leveraging covered call and short option strategies to generate high distribution yields for investors seeking regular income. The firm operates a diverse lineup of 61 ETFs organized across nine fund families, including prominent strategies like 0DTE (zero days-to-expiration) options, covered calls, and target distribution approaches, alongside more traditional performance and portfolio-based offerings. YieldMax's holdings span major technology and financial names—including tickers like AMZY, APLY, BRKC, and FBY—and the firm targets both individual investors and those seeking enhanced yield through systematic options strategies.
See our curated list of related YouTube videos on PYPY.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
PYPL (PayPal Holdings Inc.) and PYPY (YieldMax PYPL Option Income Strategy ETF) are both dividend ETFs, but they take different approaches.
PYPY offers the higher yield at 57.64% vs 1.26% for PYPL. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
PYPL is cheaper with an expense ratio of compared to 1.31%.
Deep dive
Yield & income
On a $10,000 investment, PYPL would generate roughly $10.50/month, while PYPY would produce $480.33/month, at current distribution rates.
PYPL yield1.26%
PYPY yield57.64%
Monthly diff on $10K$469.83
Cost & efficiency
Over 10 years on $10,000, PYPL would cost approximately $0 in fees vs $1,310 for PYPY (simplified, not compounded). The $1,310.00 difference may be offset by yield or performance.
PYPL ER—
PYPY ER1.31%
Strategy & risk
PYPL tracks — with a dividend approach, while PYPY tracks PayPal (PYPL) using a covered call strategy.
Fund details
PYPL is managed by — (launched —) with — in assets. PYPY is managed by YieldMax (launched 08/29/2023) with $30M in assets.
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Frequently asked questions
Is PYPL or PYPY better for dividend income?
It depends on your goals. PYPY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between PYPL and PYPY?
PYPL (PayPal Holdings Inc.) tracks — with a dividend strategy, while PYPY (YieldMax PYPL Option Income Strategy ETF) tracks PayPal (PYPL) with a covered call approach. They are issued by — and YieldMax respectively.
Can I hold both PYPL and PYPY?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, PYPL or PYPY?
PYPL has an expense ratio of — while PYPY charges 1.31%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in PYPL vs PYPY generate?
At current rates, $10,000 in PYPL would generate roughly $10.50 per month ($126.00 annually). The same in PYPY would produce about $480.33 per month ($5,764.00 annually).
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