YieldMax SQ Option Income Strategy ETF (SQY)
SQY is an actively managed ETF by YieldMax. SQY launched on Oct 10, 2023 and has a 1.01% expense ratio.
ETF Info
| Issuer | YieldMax |
|---|---|
| Inception Date | Oct 10, 2023 |
| Category | Derivative Income |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
SQY has a high expense ratio of 1.01%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SQY vs. MSTY, SQY vs. CONY, SQY vs. SQ, SQY vs. TSLY, SQY vs. APLY, SQY vs. NVDY, SQY vs. BITO, SQY vs. FTHI, SQY vs. SPY, SQY vs. VGT
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in YieldMax SQ 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 SQ Option Income Strategy ETF had a return of 11.37% year-to-date (YTD) and 44.50% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.37% | 25.70% |
| 1 month | 8.54% | 3.51% |
| 6 months | 12.40% | 14.80% |
| 1 year | 44.50% | 37.91% |
| 5 years (annualized) | N/A | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of SQY, 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 | -16.46% | 18.99% | 10.13% | -10.12% | -7.48% | 4.51% | -3.88% | 10.27% | 0.98% | 5.05% | 11.37% | ||
| 2023 | -11.70% | 39.35% | 17.39% | 44.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SQY is 37, 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 SQ Option Income Strategy ETF (SQY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
YieldMax SQ Option Income Strategy ETF provided a 59.87% dividend yield over the last twelve months, with an annual payout of $11.15 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $11.15 | $2.58 |
Dividend yield | 59.87% | 9.85% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax SQ 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 | $1.62 | $0.38 | $0.65 | $0.64 | $1.12 | $0.96 | $0.70 | $0.64 | $1.28 | $1.02 | $0.00 | $9.01 | |
| 2023 | $0.44 | $2.15 | $2.58 |
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 SQ 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 SQ Option Income Strategy ETF was 20.92%, occurring on Aug 6, 2024. Recovery took 65 trading sessions.
The current YieldMax SQ Option Income Strategy ETF drawdown is 1.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.92% | Apr 1, 2024 | 89 | Aug 6, 2024 | 65 | Nov 6, 2024 | 154 |
| -18.35% | Dec 29, 2023 | 17 | Jan 24, 2024 | 32 | Mar 11, 2024 | 49 |
| -13.26% | Oct 12, 2023 | 13 | Oct 30, 2023 | 4 | Nov 3, 2023 | 17 |
| -2.61% | Mar 22, 2024 | 1 | Mar 22, 2024 | 2 | Mar 26, 2024 | 3 |
| -2.07% | Nov 7, 2024 | 1 | Nov 7, 2024 | — | — | — |
Volatility
Volatility Chart
The current YieldMax SQ Option Income Strategy ETF volatility is 7.06%, 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.