- CUSIP
- 88636R867
- Issuer
- YieldMax
- Inception Date
- Sep 11, 2024
- Category
- Derivative Income
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $117M
Share Price Chart
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Performance
SMCY Performance Chart
YieldMax SMCI Option Income Strategy ETF (SMCY) is up 6.6% since the beginning of the year. SMCY is currently trading at $6 per share.
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Returns By Period
YieldMax SMCI Option Income Strategy ETF (SMCY) has returned 6.57% so far this year and -26.44% over the past 12 months.
YieldMax SMCI Option Income Strategy ETF
- 1D
- 12.05%
- 1M
- -3.80%
- YTD
- 6.57%
- 6M
- 2.62%
- 1Y
- -26.44%
- 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%
SMCY Monthly Returns History
Based on dividend-adjusted daily data since Sep 12, 2024, SMCY's average daily return is +0.02%, while the average monthly return is -0.43%.
Historically, 41% of months were positive and 59% were negative. The best month was May 2026 with a return of +49.3%, while the worst month was Nov 2025 at -30.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SMCY closed higher 50% of trading days. The best single day was Dec 2, 2024 with a return of +19.5%, while the worst single day was Mar 20, 2026 at -32.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.48% | 9.58% | -25.80% | 13.93% | 49.28% | -22.57% | 6.57% | ||||||
| 2025 | -7.67% | 26.29% | -13.72% | -7.70% | 18.92% | 17.90% | 17.21% | -24.96% | 11.85% | 4.77% | -30.50% | -9.31% | -15.41% |
| 2024 | -3.73% | -25.24% | -4.72% | -2.81% | -33.36% |
Benchmark Metrics
YieldMax SMCI Option Income Strategy ETF has an annualized alpha of -26.67%, beta of 1.99, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since September 12, 2024.
- This ETF participated in 304.34% of S&P 500 Index downside but only 70.12% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.17 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.
- Alpha
- -26.67%
- Beta
- 1.99
- R²
- 0.17
- Upside Capture
- 70.12%
- Downside Capture
- 304.34%
Expense Ratio
SMCY has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SMCY ranks 6 for risk / return — in the bottom 6% 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 SMCI Option Income Strategy ETF (SMCY) 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.
| SMCY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 2.78 | -3.22 |
| Martin ratioReturn relative to average drawdown | -0.73 | 12.44 | -13.17 |
Dividends
Dividend History
YieldMax SMCI Option Income Strategy ETF provided a 190.02% dividend yield over the last twelve months, with an annual payout of $11.13 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $11.13 | $18.75 | $9.91 |
Dividend yield | 190.02% | 231.43% | 38.43% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax SMCI 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 | $0.47 | $0.47 | $0.45 | $0.47 | $0.47 | $0.34 | $2.67 | ||||||
| 2025 | $1.72 | $2.09 | $1.97 | $1.50 | $1.41 | $1.58 | $3.46 | $1.31 | $0.91 | $1.31 | $0.91 | $0.57 | $18.75 |
| 2024 | $5.35 | $2.20 | $2.35 | $9.91 |
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 SMCI 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 SMCI Option Income Strategy ETF was 64.75%, occurring on Mar 20, 2026. The portfolio has not yet recovered.
The current YieldMax SMCI Option Income Strategy ETF drawdown is 48.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -64.75%Mar 2026 | 1y 4mo | — | 1y 7moOct 2024 - now |
2024 correction2024 | -11.28%Oct 2024 | 6d | 6d | 12dSep 2024 - Oct 2024 |
2024 pullback2024 | -4.15%Oct 2024 | 6d | 2d | 8dOct 2024 - Oct 2024 |
2024 pullback2024 | -3.96%Oct 2024 | 0s | 3d | 3dOct 2024 - Oct 2024 |
2024 pullback2024 | -1.79%Sep 2024 | 1d | 3d | 4dSep 2024 - Sep 2024 |
Drawdown Indicators
| SMCY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.75% | -56.78% | -7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -60.43% | -9.10% | -51.33% |
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 | -48.62% | -1.80% | -46.82% |
Average DrawdownAverage peak-to-trough decline | -37.24% | -10.71% | -26.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.12% | 2.03% | +34.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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