Yieldmax PYPL Option Income Strategy ETF (PYPY)

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The chart shows the growth of an initial investment of $10,000 in Yieldmax PYPL 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.

Yieldmax PYPL Option Income Strategy ETF (PYPY) has returned -21.00% so far this year and -31.36% over the past 12 months.

Based on dividend-adjusted daily data since Sep 26, 2023, PYPY's average daily return is -0.01%, while the average monthly return is -0.27%.

Historically, 48% of months were positive and 52% were negative. The best month was Jul 2024 with a return of +13.3%, while the worst month was Feb 2025 at -16.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.

On a daily basis, PYPY closed higher 55% of trading days. The best single day was Jul 30, 2024 with a return of +8.0%, while the worst single day was Feb 3, 2026 at -19.2%.

Yieldmax PYPL Option Income Strategy ETF has an annualized alpha of -17.76%, beta of 0.98, and R² of 0.23 versus S&P 500 Index. Calculated based on daily prices since September 27, 2023.

• This ETF participated in 166.72% of S&P 500 Index downside but only 38.01% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.23 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.

PYPY has a high expense ratio of 1.01%, indicating above-average management fees.

PYPY ranks 1 for risk / return — in the bottom 1% 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.

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

Yieldmax PYPL Option Income Strategy ETF provided a 76.78% dividend yield over the last twelve months, with an annual payout of $22.37 per share.

The table displays the monthly dividend distributions for Yieldmax PYPL Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Yieldmax PYPL 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 PYPL Option Income Strategy ETF was 53.64%, occurring on Feb 12, 2026. The portfolio has not yet recovered.

The current Yieldmax PYPL Option Income Strategy ETF drawdown is 47.67%.

The chart below shows the rolling one-month volatility.