- 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
- Assets Under Management
- $57M
Share Price Chart
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Performance
OARK Performance Chart
YieldMax Innovation Option Income Strategy ETF (OARK) is up 4.0% since the beginning of the year. OARK is currently trading at $30 per share.
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Returns By Period
YieldMax Innovation Option Income Strategy ETF (OARK) has returned 3.98% so far this year and 16.90% over the past 12 months.
YieldMax Innovation Option Income Strategy ETF
- 1D
- -1.92%
- 1M
- -0.93%
- YTD
- 3.98%
- 6M
- 0.77%
- 1Y
- 16.90%
- 3Y*
- 13.04%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
OARK Monthly Returns History
Based on dividend-adjusted daily data since Nov 23, 2022, OARK's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 52% of months were positive and 48% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.74% | -1.46% | -3.84% | 11.53% | 6.80% | -5.29% | 3.98% | ||||||
| 2025 | 7.73% | -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% |
| 2023 | 9.54% | -5.75% | 1.84% | -7.89% | 12.66% | 6.98% | 8.43% | -11.95% | -6.53% | -9.04% | 9.58% | 15.68% | 20.12% |
| 2022 | 3.47% | -12.16% | -9.11% |
Benchmark Metrics
YieldMax Innovation Option Income Strategy ETF has an annualized alpha of -12.44%, beta of 1.58, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since November 23, 2022.
- This ETF participated in 184.82% of S&P 500 Index downside but only 138.20% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -12.44% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 1.58 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -12.44%
- Beta
- 1.58
- R²
- 0.59
- Upside Capture
- 138.20%
- Downside Capture
- 184.82%
Expense Ratio
OARK has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
OARK ranks 18 for risk / return — in the bottom 18% 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 Innovation Option Income Strategy ETF (OARK) 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.
| OARK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.32 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.46 | -1.73 |
| Martin ratioReturn relative to average drawdown | 1.70 | 10.92 | -9.22 |
Dividends
Dividend History
YieldMax Innovation Option Income Strategy ETF provided a 63.14% dividend yield over the last twelve months, with an annual payout of $19.20 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $19.20 | $22.47 | $24.31 | $32.76 |
Dividend yield | 63.14% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $1.14 | $0.88 | $1.17 | $1.85 | $1.33 | $0.74 | $7.11 | ||||||
| 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.
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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 8.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -35.48%Apr 2025 | 1mo 19d | 3mo 2d | 4mo 21dFeb 2025 - Jul 2025 |
2023 bear market2023 | -27.24%Oct 2023 | 2mo 27d | 1y 13d | 1y 3moAug 2023 - Nov 2024 |
2026 bear market2026 | -23.26%Mar 2026 | 5mo 3d | — | 7mo 29dOct 2025 - now |
2023 correction2023 | -19.87%May 2023 | 2mo 28d | 2mo 2d | 5moFeb 2023 - Jul 2023 |
Bear market2022 | -18.57%Dec 2022 | 23d | 1mo 6d | 1mo 29dDec 2022 - Feb 2023 |
Drawdown Indicators
| OARK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -56.78% | +21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -23.26% | -9.10% | -14.16% |
Max Drawdown (3Y)Largest decline over 3 years | -35.48% | -18.90% | -16.58% |
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 | -8.62% | -3.21% | -5.41% |
Average DrawdownAverage peak-to-trough decline | -10.54% | -10.71% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.96% | 2.04% | +7.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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