- CUSIP
- 88636J451
- Issuer
- YieldMax
- Inception Date
- Aug 14, 2024
- Category
- Derivative Income, Inverse Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $16M
Share Price Chart
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Performance
YQQQ Performance Chart
YieldMax Short N100 Option Income Strategy ETF (YQQQ) is down 9.2% since the beginning of the year. YQQQ is currently trading at $10 per share.
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Returns By Period
YieldMax Short N100 Option Income Strategy ETF (YQQQ) has returned -9.16% so far this year and -15.64% over the past 12 months.
YieldMax Short N100 Option Income Strategy ETF
- 1D
- 0.60%
- 1M
- -3.03%
- YTD
- -9.16%
- 6M
- -8.38%
- 1Y
- -15.64%
- 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%
YQQQ Monthly Returns History
Based on dividend-adjusted daily data since Aug 15, 2024, YQQQ's average daily return is -0.05%, while the average monthly return is -1.01%.
Historically, 35% of months were positive and 65% were negative. The best month was Mar 2025 with a return of +7.2%, while the worst month was Apr 2026 at -11.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, YQQQ closed higher 47% of trading days. The best single day was Apr 10, 2025 with a return of +4.4%, while the worst single day was Apr 9, 2025 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.08% | 3.74% | 6.61% | -11.39% | -7.71% | -0.64% | -9.16% | ||||||
| 2025 | -1.73% | 2.25% | 7.22% | -3.82% | -6.56% | -3.93% | -1.03% | -0.48% | -2.95% | -2.49% | 1.88% | 1.92% | -9.97% |
| 2024 | -0.65% | -3.40% | 1.40% | -2.04% | -0.52% | -5.17% |
Benchmark Metrics
YieldMax Short N100 Option Income Strategy ETF has an annualized alpha of 4.03%, beta of -0.89, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since August 15, 2024.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -116.22%), but participation in market rallies was also limited (-56.56%) - a profile typical of counter-cyclical assets.
- This ETF generated an annualized alpha of 4.03% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of -0.89 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.03%
- Beta
- -0.89
- R²
- 0.79
- Upside Capture
- -56.56%
- Downside Capture
- -116.22%
Expense Ratio
YQQQ has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
YQQQ 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) 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.
| YQQQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.33 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.37 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.78 | -3.50 |
| Martin ratioReturn relative to average drawdown | -1.74 | 12.44 | -14.18 |
Dividends
Dividend History
YieldMax Short N100 Option Income Strategy ETF provided a 30.77% dividend yield over the last twelve months, with an annual payout of $3.01 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $3.01 | $3.85 | $1.38 |
Dividend yield | 30.77% | 31.71% | 7.88% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax Short N100 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 | $0.21 | $0.23 | $0.30 | $0.36 | $0.18 | $0.12 | $1.39 | ||||||
| 2025 | $0.39 | $0.25 | $0.45 | $0.44 | $0.44 | $0.27 | $0.41 | $0.24 | $0.21 | $0.21 | $0.34 | $0.21 | $3.85 |
| 2024 | $0.42 | $0.36 | $0.33 | $0.27 | $1.38 |
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 Short N100 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 Short N100 Option Income Strategy ETF was 29.10%, occurring on Jun 15, 2026. The portfolio has not yet recovered.
The current YieldMax Short N100 Option Income Strategy ETF drawdown is 28.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -29.10%Jun 2026 | 1y 2mo | — | 1y 2moApr 2025 - now |
2025 correction2025 | -11.11%Jan 2025 | 4mo 15d | 1mo 20d | 6mo 5dSep 2024 - Mar 2025 |
2025 selloff2025 | -3.27%Mar 2025 | 6d | 9d | 15dMar 2025 - Apr 2025 |
2024 pullback2024 | -2.67%Aug 2024 | 6d | 8d | 14dAug 2024 - Aug 2024 |
2025 selloff2025 | -1.92%Mar 2025 | 3d | 1d | 4dMar 2025 - Mar 2025 |
Drawdown Indicators
| YQQQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.10% | -56.78% | +27.68% |
Max Drawdown (1Y)Largest decline over 1 year | -21.80% | -9.10% | -12.70% |
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 | -28.34% | -1.80% | -26.54% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -10.71% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.55% | 2.03% | +7.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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