PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
YieldMax Innovation Option Income Strategy ETF (OA...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

YieldMax Innovation Option Income Strategy ETF (OARK)

ETF · Currency in USD · Last updated Apr 1, 2026

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

ISIN
US88634T6001
CUSIP
88634T600
Issuer
YieldMax
Inception Date
Nov 22, 2022
Category
Options Trading
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Alternatives

Share Price Chart

Loading graphics...

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

YieldMax Innovation Option Income Strategy ETF

Often compared with OARK:
OARK vs. ARKKOARK vs. NVDYOARK vs. TSLYOARK vs. QQQYOARK vs. CONYOARK vs. AIYYOARK vs. FLJHOARK vs. APLYOARK vs. ARKFOARK vs. SVOLMore OARK alternatives

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.

Loading graphics...

S&P 500 Index

Returns By Period

YieldMax Innovation Option Income Strategy ETF (OARK) has returned -7.83% so far this year and 32.36% over the past 12 months.

YieldMax Innovation Option Income Strategy ETF

1D
5.56%
1M
-3.84%
YTD
-7.83%
6M
-13.82%
1Y
32.36%
3Y*
10.80%
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 23, 2022, OARK's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, your investment would double in approximately 5.9 years.

Historically, 51% of months were positive and 49% were negative. The best month was Jun 2025 with a return of +17.1%, while the worst month was Dec 2022 at -12.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.

On a daily basis, OARK closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +11.3%, while the worst single day was Apr 4, 2025 at -7.9%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-2.74%-1.46%-3.84%-7.83%
20257.73%-11.76%-11.84%4.21%7.21%17.14%7.38%-0.31%9.63%5.34%-11.11%-0.13%20.37%
2024-9.93%9.13%2.30%-10.28%-1.55%2.89%3.04%-2.78%6.16%-2.45%16.03%-2.42%7.32%
20239.54%-5.75%1.84%-7.89%12.66%6.98%8.43%-11.95%-6.53%-9.04%9.58%15.68%20.12%
20223.47%-12.16%-9.11%

Benchmark Metrics

YieldMax Innovation Option Income Strategy ETF has an annualized alpha of -11.27%, beta of 1.57, and R² of 0.59 versus S&P 500 Index. Calculated based on daily prices since November 25, 2022.

  • This ETF participated in 186.22% of S&P 500 Index downside but only 141.29% of its upside — more exposed to losses than it benefited from rallies.
  • This ETF had an annualized alpha of -11.27% versus S&P 500 Index — delivering less than market exposure alone would predict.
  • Beta of 1.57 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
Alpha
-11.27%
Beta
1.57
R²
0.59
Upside Capture
141.29%
Downside Capture
186.22%

Expense Ratio

OARK has a high expense ratio of 0.99%, indicating above-average management fees.

Return for Risk

Risk / Return Rank

OARK ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

OARK Risk / Return Rank: 4747
Overall Rank
OARK Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
OARK Sortino Ratio Rank: 5555
Sortino Ratio Rank
OARK Omega Ratio Rank: 4848
Omega Ratio Rank
OARK Calmar Ratio Rank: 4646
Calmar Ratio Rank
OARK Martin Ratio Rank: 3535
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) and compare them to a chosen benchmark (S&P 500 Index).

OARKBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.99

0.90

+0.09

Sortino ratio

Return per unit of downside risk

1.49

1.39

+0.11

Omega ratio

Gain probability vs. loss probability

1.19

1.21

-0.02

Calmar ratio

Return relative to maximum drawdown

1.25

1.40

-0.15

Martin ratio

Return relative to average drawdown

3.21

6.61

-3.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore OARK risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

OARK Sortino RatioOARK Sharpe Ratio

Dividends

Dividend History

YieldMax Innovation Option Income Strategy ETF provided a 66.54% dividend yield over the last twelve months, with an annual payout of $20.28 per share.

45.00%50.00%55.00%60.00%$0.00$5.00$10.00$15.00$20.00$25.00$30.00$35.00202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
Dividend$20.28$22.47$24.31$32.76

Dividend yield

66.54%61.86%47.86%45.03%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$1.14$0.88$1.17$3.19
2025$1.65$2.13$1.61$1.46$1.56$1.97$1.72$1.88$1.53$3.89$1.52$1.55$22.47
2024$1.59$1.93$2.31$2.38$2.63$2.00$1.23$1.32$1.47$3.45$2.35$1.65$24.31
2023$3.72$5.45$3.85$2.55$1.83$2.55$2.77$3.42$1.82$1.67$1.92$1.21$32.76

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 graphics...

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 35.48%, occurring on Apr 8, 2025. Recovery took 62 trading sessions.

The current YieldMax Innovation Option Income Strategy ETF drawdown is 19.00%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-35.48%Feb 18, 202536Apr 8, 202562Jul 9, 202598
-27.24%Aug 1, 202363Oct 27, 2023260Nov 8, 2024323
-23.26%Oct 28, 2025105Mar 30, 2026———
-19.87%Feb 3, 202361May 2, 202342Jul 3, 2023103
-18.57%Dec 5, 202217Dec 28, 202224Feb 2, 202341

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading graphics...