ABNY
YieldMax ABNB Option Income Strategy ETF
ABNY aim to provide current income and capped gains on the Airbnb stock (ABNB) through a synthetic covered call strategy, collateralized by cash and US Treasurys.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
28.4 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | YieldMax |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Jun 24, 2024 |
| Assets (mns) | $29 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 24.2 % |
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 19.6 % |
| UNITED STATES TREASURY BILL 06/12/2025 | 16.7 % |
| UNITED STATES TREASURY BILL 05/15/2025 | 13.5 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 12.3 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 11.8 % |
| ABNB US 05/16/25 C115 | 5.6 % |
| CASH & OTHER | 4.2 % |
| AIRBNB I CLL OPT 04/25 123 | 0.1 % |
| ABNB US 04/25/25 C124 | 0.1 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -19.7% | -- | -- | -- | -- | -- | -- | -40.4% |
| Dividend Yield | 10.1% | -- | -- | -- | -- | -- | -- | 22.4% |
| Total Returns | -9.5% | -- | -- | -- | -- | -- | -- | -18.0% | Ann. Volatility | 42.6% | -- | -- | -- | -- | -- | -- | 35.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.63% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $11.59 |
| 30d moving avg. | $11.85 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| ABNY (99 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ABNY | 99.0 | 63.2 | 162.2 |
| Peer Avg. | 90.6 | 32.1 | 122.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .