- Issuer
- YieldMax
- Inception Date
- Sep 22, 2025
- Region
- North America (United States)
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $23M
Share Price Chart
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Performance
CRCO Performance Chart
YieldMax CRCL Option Income Strategy ETF (CRCO) is up 4.0% since the beginning of the year. CRCO is currently trading at $17 per share.
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Returns By Period
YieldMax CRCL Option Income Strategy ETF
- 1D
- -0.10%
- 1M
- -24.02%
- YTD
- 3.98%
- 6M
- -1.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
CRCO Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2025, CRCO's average daily return is -0.10%, while the average monthly return is -2.57%.
Historically, 40% of months were positive and 60% were negative. The best month was Feb 2026 with a return of +25.1%, while the worst month was Nov 2025 at -34.7%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CRCO closed higher 46% of trading days. The best single day was Feb 25, 2026 with a return of +29.6%, while the worst single day was Mar 24, 2026 at -17.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -15.76% | 25.13% | 9.00% | -2.91% | 22.47% | -23.89% | 3.98% | ||||||
| 2025 | -1.68% | -5.38% | -34.69% | 2.04% | -38.00% |
Benchmark Metrics
YieldMax CRCL Option Income Strategy ETF has an annualized alpha of -48.25%, beta of 2.52, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since September 30, 2025.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -85.63%), but participation in market rallies was also limited (-135.56%) - a profile typical of counter-cyclical assets.
- R2 of 0.16 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -48.25%
- Beta
- 2.52
- R²
- 0.16
- Upside Capture
- -135.56%
- Downside Capture
- -85.63%
Expense Ratio
CRCO has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for YieldMax CRCL Option Income Strategy ETF (CRCO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRCO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
YieldMax CRCL Option Income Strategy ETF provided a 110.41% dividend yield over the last twelve months, with an annual payout of $18.27 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $18.27 | $8.67 |
Dividend yield | 110.41% | 35.79% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax CRCL Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $1.68 | $0.90 | $2.51 | $1.61 | $1.85 | $1.06 | $9.60 | ||||||
| 2025 | $4.45 | $2.44 | $1.79 | $8.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax CRCL Option Income Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the YieldMax CRCL Option Income Strategy ETF was 61.75%, occurring on Feb 5, 2026. The portfolio has not yet recovered.
The current YieldMax CRCL Option Income Strategy ETF drawdown is 41.54%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -61.75%Feb 2026 | 3mo 28d | — | 8mo 15dOct 2025 - now |
2025 pullback2025 | -3.91%Oct 2025 | 1d | 1d | 2dSep 2025 - Oct 2025 |
2025 pullback2025 | -2.03%Oct 2025 | 0s | 4d | 4dOct 2025 - Oct 2025 |
Drawdown Indicators
| CRCO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -56.78% | -4.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -41.54% | -2.49% | -39.05% |
Average DrawdownAverage peak-to-trough decline | -33.53% | -10.72% | -22.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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