- CUSIP
- 88636J659
- Issuer
- YieldMax
- Inception Date
- Jan 16, 2024
- Region
- North America (U.S.)
- Category
- Derivative Income, Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $386M
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $11.55M
Share Price Chart
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Performance
YMAX Performance Chart
YieldMax Universe Fund of Option Income ETFs (YMAX) is down 1.1% since the beginning of the year. YMAX is currently trading at $7 per share.
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Returns By Period
YieldMax Universe Fund of Option Income ETFs (YMAX) has returned -1.07% so far this year and -4.08% over the past 12 months.
YieldMax Universe Fund of Option Income ETFs
- 1D
- 0.27%
- 1M
- -3.63%
- 6M
- 2.22%
- YTD
- -1.07%
- 1Y
- -4.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.95%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
YMAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 17, 2024, YMAX's average daily return is +0.06%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2026 with a return of +13.8%, while the worst month was Nov 2025 at -7.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.
On a daily basis, YMAX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.4%, while the worst single day was Apr 4, 2025 at -6.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.22% | -4.39% | -6.12% | 13.82% | 9.49% | -4.12% | -4.69% | -1.07% | |||||
| 2025 | 2.40% | -6.39% | -6.48% | 3.61% | 9.12% | 7.07% | 4.01% | -2.16% | 4.44% | 1.06% | -7.41% | -1.74% | 6.04% |
| 2024 | 2.02% | 9.46% | 3.29% | -5.23% | 4.67% | 0.61% | -0.32% | -2.56% | 3.10% | 0.73% | 12.09% | -2.51% | 26.90% |
Benchmark Metrics
YieldMax Universe Fund of Option Income ETFs has an annualized alpha of -10.07%, beta of 1.29, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since January 17, 2024.
- This ETF participated in 153.11% of S&P 500 Index downside but only 97.64% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -10.07% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -10.07%
- Beta
- 1.29
- R²
- 0.74
- Upside Capture
- 97.64%
- Downside Capture
- 153.11%
Expense Ratio
YMAX has a high expense ratio of 1.33%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
YMAX ranks 7 for risk / return — above 7% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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.
| YMAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.25 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.00 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.60 | 8.49 | -9.10 |
Dividends
Dividend History
YieldMax Universe Fund of Option Income ETFs provided a 73.00% dividend yield over the last twelve months, with an annual payout of $5.38 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $5.38 | $7.85 | $7.49 |
Dividend yield | 73.00% | 78.70% | 44.20% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax Universe Fund of Option Income ETFs. 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 | $0.34 | $0.31 | $0.28 | $0.47 | $0.41 | $0.32 | $0.34 | $2.47 | |||||
| 2025 | $0.75 | $0.66 | $0.62 | $0.58 | $0.93 | $0.65 | $0.74 | $0.55 | $0.45 | $0.81 | $0.56 | $0.53 | $7.85 |
| 2024 | $0.53 | $0.57 | $0.63 | $0.73 | $0.73 | $0.65 | $0.59 | $0.45 | $1.04 | $0.82 | $0.74 | $7.49 |
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 Universe Fund of Option Income ETFs. 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 Universe Fund of Option Income ETFs was 26.13%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current YieldMax Universe Fund of Option Income ETFs drawdown is 12.29%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-26.13%Mar 2026 | 5mo 22d | — | 9mo 28dOct 2025 - now | — |
-25.56%Apr 2025 | 4mo | 2mo 19d | 6mo 19dDec 2024 - Jun 2025 | 2025 selloff2025 |
-12.78%Aug 2024 | 20d | 2mo 25d | 3mo 15dJul 2024 - Oct 2024 | — |
-7.80%Apr 2024 | 7d | 1mo 1d | 1mo 8dApr 2024 - May 2024 | — |
-5.55%Aug 2025 | 23d | 28d | 1mo 21dJul 2025 - Sep 2025 | — |
Drawdown Indicators
| YMAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.13% | -56.78% | +30.65% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -9.10% | -17.03% |
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 | -12.29% | -1.58% | -10.71% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -10.70% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.72% | 2.14% | +9.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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