- ISIN
- US88636J8080
- CUSIP
- 88636R206
- Issuer
- YieldMax
- Inception Date
- Jan 29, 2025
- Category
- Derivative Income
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $23M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
CVNY Performance Chart
YieldMax CVNA Option Income Strategy ETF (CVNY) is down 17.2% since the beginning of the year. CVNY is currently trading at $22 per share.
Loading charts...
Returns By Period
YieldMax CVNA Option Income Strategy ETF (CVNY) has returned -17.17% so far this year and 6.92% over the past 12 months.
YieldMax CVNA Option Income Strategy ETF
- 1D
- -0.12%
- 1M
- -0.57%
- YTD
- -17.17%
- 6M
- -19.03%
- 1Y
- 6.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CVNY Monthly Returns History
Based on dividend-adjusted daily data since Jan 30, 2025, CVNY's average daily return is +0.13%, while the average monthly return is +2.06%. At this rate, an investment would double in approximately 2.8 years.
Historically, 44% of months were positive and 56% were negative. The best month was May 2025 with a return of +27.9%, while the worst month was Oct 2025 at -15.1%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CVNY closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +16.5%, while the worst single day was Apr 3, 2025 at -17.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.71% | -13.65% | -5.43% | 23.35% | -6.61% | -6.62% | -17.17% | ||||||
| 2025 | -0.11% | -4.17% | -14.29% | 15.09% | 27.90% | 1.15% | 13.01% | -3.00% | 1.41% | -15.12% | 17.82% | 12.03% | 52.13% |
Benchmark Metrics
YieldMax CVNA Option Income Strategy ETF has an annualized alpha of 0.52%, beta of 1.96, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since January 30, 2025.
- This ETF participated in 130.05% of S&P 500 Index downside but only 125.72% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.35 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.52%
- Beta
- 1.96
- R²
- 0.35
- Upside Capture
- 125.72%
- Downside Capture
- 130.05%
Expense Ratio
CVNY has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CVNY ranks 11 for risk / return — in the bottom 11% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for YieldMax CVNA Option Income Strategy ETF (CVNY) 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.
| CVNY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.37 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.78 | -2.59 |
| Martin ratioReturn relative to average drawdown | 0.41 | 12.44 | -12.03 |
Dividends
Dividend History
YieldMax CVNA Option Income Strategy ETF provided a 112.21% dividend yield over the last twelve months, with an annual payout of $24.70 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $24.70 | $29.81 |
Dividend yield | 112.21% | 80.86% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax CVNA 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 | $1.66 | $1.15 | $1.28 | $2.46 | $1.55 | $0.92 | $9.01 | ||||||
| 2025 | $3.91 | $2.97 | $7.25 | $1.71 | $2.05 | $2.56 | $1.90 | $2.47 | $1.79 | $3.21 | $29.81 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax CVNA 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 CVNA Option Income Strategy ETF was 43.27%, occurring on Apr 4, 2025. Recovery took 27 trading sessions.
The current YieldMax CVNA Option Income Strategy ETF drawdown is 25.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -43.27%Apr 2025 | 1mo 14d | 1mo 10d | 2mo 24dFeb 2025 - May 2025 |
2026 bear market2026 | -36.27%Mar 2026 | 1mo 21d | — | 4mo 26dJan 2026 - now |
2025 bear market2025 | -21.46%Nov 2025 | 1mo 5d | 27d | 2mo 2dOct 2025 - Dec 2025 |
2025 selloff2025 | -13.91%Jun 2025 | 11d | 21d | 1mo 2dJun 2025 - Jul 2025 |
2026 correction2026 | -13.65%Jan 2026 | 21d | 20d | 1mo 11dDec 2025 - Jan 2026 |
Drawdown Indicators
| CVNY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.27% | -56.78% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -36.27% | -9.10% | -27.17% |
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 | -25.46% | -1.80% | -23.66% |
Average DrawdownAverage peak-to-trough decline | -13.80% | -10.71% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.76% | 2.03% | +14.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with CVNY
Add YieldMax CVNA Option Income Strategy ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with CVNY