AIYY
YieldMax AI Option Income Strategy ETF
AIYY seeks to provide current income and capped gains on the C3 ai, Inc. stock (AI) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
86.8 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Nov 27, 2023 |
| Assets (mns) | $87 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 23.1 % |
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 23.0 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 17.7 % |
| CASH & OTHER | 12.7 % |
| AI US 06/20/25 C22.5 | 10.8 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 9.8 % |
| UNITED STATES TREASURY BILL 06/12/2025 | 8.7 % |
| UNITED STATES TREASURY BILL 05/15/2025 | 4.9 % |
| C3.AI I CLL OPT 05/25 24 | 0.5 % |
| C3.AI I CLL OPT 05/25 25 | 0.2 % |
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 | -44.3% | -61.0% | -- | -- | -- | -- | -- | -63.8% |
| Dividend Yield | 13.1% | 38.0% | -- | -- | -- | -- | -- | 31.7% |
| Total Returns | -31.1% | -23.0% | -- | -- | -- | -- | -- | -32.1% | Ann. Volatility | 53.7% | 49.8% | -- | -- | -- | -- | -- | 47.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.06 | 34% |
| MSCI EAFE | 0.21 | 0% |
| MSCI Emg Mkts | -0.06 | 0% |
Liquidity Measures
| Avg. volume (000) | 404 |
| ADV traded (mns) | $2 |
| Turnover | 2.2% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| Recent close | $4.77 |
| 30d moving avg. | $4.60 |
| Annualized volatility | 42.5% |
| Relative strength (RSI) | 46 |
| Short interest | 1.6% |
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 |
| AIYY (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) |
|
|---|---|---|---|
| AIYY | 99.0 | 18.8 | 117.8 |
| Peer Avg. | 90.6 | 32.1 | 122.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .