ETF Comparison
YMAX vs YMAG: Which Is the Better Pick in 2026?
A head-to-head comparison of YieldMax Universe Fund of Option Income ETFs and Tidal Trust II - YieldMax Magnificent 7 Fund of Option Income ETFs covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| YMAX | YMAG | |
|---|---|---|
| Full name | YieldMax Universe Fund of Option Income ETFs | Tidal Trust II - YieldMax Magnificent 7 Fund of Option Income ETFs |
| Issuer | YieldMax | YieldMax |
| Price | $7.71 | $11.97 |
| Distribution yield | 82.07% | 52.81% |
| Expense ratio | 1.33% | 1.34% |
| AUM | $447M | $317M |
| Distribution frequency | Weekly | Weekly |
| Underlying index | Basket (Yieldmax ETFs) | Basket (Magnificent 7 Stocks) |
| Objective | Covered Call | Covered Call |
| Asset class | Equity | Equity |
| Inception date | 01/16/2024 | 01/29/2024 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.03 | $0.09 |
| Ex-dividend date | 03/25/2026 | 03/25/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
YMAX (YieldMax Universe Fund of Option Income ETFs) and YMAG (Tidal Trust II - YieldMax Magnificent 7 Fund of Option Income ETFs) are both popular weekly-pay covered call ETFs, but they take different approaches.
YMAX offers the higher yield at 82.07% vs 52.81% for YMAG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
YMAX is cheaper with an expense ratio of 1.33% compared to 1.34%.
They track different benchmarks: YMAX is linked to Basket (Yieldmax ETFs) while YMAG tracks Basket (Magnificent 7 Stocks), which means their performance drivers differ.
YMAX is the larger fund by assets ($447M), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, YMAX would generate roughly $683.92/month while YMAG would produce $440.08/month at current distribution rates. Both pay weekly distributions.
Cost & efficiency
Over 10 years on $10,000, YMAX would cost approximately $1,330 in fees vs $1,340 for YMAG (simplified, not compounded). The $10.00 difference may be offset by yield or performance.
Strategy & risk
YMAX tracks Basket (Yieldmax ETFs) with a covered call approach, while YMAG tracks Basket (Magnificent 7 Stocks) using a covered call strategy. Beta is 0.0 for YMAX and 0.0 for YMAG, indicating YMAG is less volatile relative to the market.
Fund details
YMAX is managed by YieldMax (launched 01/16/2024) with $447M in assets. YMAG is managed by YieldMax (launched 01/29/2024) with $317M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is YMAX or YMAG better for dividend income?
It depends on your goals. YMAX 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 YMAX and YMAG?
YMAX (YieldMax Universe Fund of Option Income ETFs) tracks Basket (Yieldmax ETFs) with a covered call strategy, while YMAG (Tidal Trust II - YieldMax Magnificent 7 Fund of Option Income ETFs) tracks Basket (Magnificent 7 Stocks) with a covered call approach. They are issued by YieldMax and YieldMax respectively.
Can I hold both YMAX and YMAG?
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, YMAX or YMAG?
YMAX has an expense ratio of 1.33% while YMAG charges 1.34%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in YMAX vs YMAG generate?
At current yields, $10,000 in YMAX would generate roughly $683.92 per month ($8,207.00 annually). The same in YMAG would produce about $440.08 per month ($5,281.00 annually).
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