YieldMax Innovation Option Income Strategy ETF (OARK)
The YieldMax™ Innovation Option Income Strategy ETF (OARK) aims to yield monthly income by selling call options on ARKK. Its strategy offers limited participation in ARKK's price increases but doesn't directly invest in ARKK. There's a high risk associated with this fund due to its focus on a single issuer, ARKK. Such a focus can lead to higher volatility compared to traditional diversified investments. While the fund strategy limits gains if ARKK's price rises, it's vulnerable to losses if ARKK's price drops. These losses might not always be balanced by the fund's income. OARK's main goal is to generate current income, with a secondary aim of exposure to ARKK's share price, capped at a certain gain limit.
ETF Info
US88634T6001
88634T600
Nov 22, 2022
1x
No Index (Active)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in YieldMax Innovation Option Income Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
YieldMax Innovation Option Income Strategy ETF had a return of 4.71% year-to-date (YTD) and 20.57% in the last 12 months.
OARK
4.71%
6.47%
15.45%
20.57%
N/A
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of OARK, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -9.93% | 9.13% | 2.30% | -10.28% | -1.56% | 2.89% | 3.04% | -2.79% | 6.16% | -2.45% | 4.71% | ||
| 2023 | 9.54% | -5.75% | 1.84% | -7.89% | 12.66% | 6.98% | 8.43% | -11.95% | -6.52% | -9.03% | 9.59% | 15.68% | 20.14% |
| 2022 | 3.47% | -12.16% | -9.11% |
Expense Ratio
OARK has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of OARK is 28, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
YieldMax Innovation Option Income Strategy ETF provided a 40.36% dividend yield over the last twelve months, with an annual payout of $4.31 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $4.31 | $6.55 |
Dividend yield | 40.36% | 45.04% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax Innovation 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.32 | $0.39 | $0.46 | $0.48 | $0.53 | $0.40 | $0.25 | $0.26 | $0.30 | $0.69 | $0.00 | $4.06 | |
| 2023 | $0.75 | $1.09 | $0.77 | $0.51 | $0.37 | $0.51 | $0.56 | $0.68 | $0.36 | $0.34 | $0.38 | $0.24 | $6.55 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax Innovation 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 Innovation Option Income Strategy ETF was 27.24%, occurring on Oct 27, 2023. Recovery took 260 trading sessions.
The current YieldMax Innovation Option Income Strategy ETF drawdown is 4.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.24% | Aug 1, 2023 | 63 | Oct 27, 2023 | 260 | Nov 8, 2024 | 323 |
| -19.87% | Feb 3, 2023 | 61 | May 2, 2023 | 42 | Jul 3, 2023 | 103 |
| -18.57% | Dec 5, 2022 | 17 | Dec 28, 2022 | 24 | Feb 2, 2023 | 41 |
| -6.46% | Nov 12, 2024 | 4 | Nov 15, 2024 | — | — | — |
| -3.21% | Jul 20, 2023 | 6 | Jul 27, 2023 | 1 | Jul 28, 2023 | 7 |
Volatility
Volatility Chart
The current YieldMax Innovation Option Income Strategy ETF volatility is 10.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.