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
106.1 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) | $106 |
| 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 3.875% 01/15 | 26.8 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 22.3 % |
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 19.6 % |
| UNITED STATES TREASURY BILL 11/06/2025 | 10.1 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 9.7 % |
| CASH & OTHER | 7.7 % |
| UNITED STATES TREASURY BILL 02/19/2026 | 7.2 % |
| AI US 08/15/25 C25 | 6.4 % |
| C3.AI I CLL OPT 07/25 26.500 | 0.4 % |
| C3.AI I CLL OPT 07/25 27 | 0.2 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -49.2% | -63.1% | -- | -- | -- | -- | -- | -61.9% |
| Dividend Yield | 21.3% | 38.9% | -- | -- | -- | -- | -- | 34.8% |
| Total Returns | -27.9% | -24.2% | -- | -- | -- | -- | -- | -27.1% | Ann. Volatility | 51.5% | 50.1% | -- | -- | -- | -- | -- | 47.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.13 | 39% |
| MSCI EAFE | -0.13 | 0% |
| MSCI Emg Mkts | -0.61 | 2% |
Liquidity Measures
| Avg. volume (000) | 528 |
| ADV traded (mns) | $2 |
| Turnover | 2.2% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| Recent close | $4.34 |
| 30d moving avg. | $4.31 |
| Annualized volatility | 42.7% |
| Relative strength (RSI) | 50 |
| Short interest | 5.8% |
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 | 59 |
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 | 22.5 | 121.5 |
| Peer Avg. | 94.4 | 36.2 | 130.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .