CONY
YieldMax COIN Option Income Strategy ETF
CONY seeks to provide current income and capped gains on the Coinbase Global Inc. stock (COIN) 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
$ 443.8 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | Aug 15, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 07/09/2026 | 38.6 % |
| UNITED STATES TREASURY BILL 08/06/2026 | 27.7 % |
| UNITED STATES TREASURY BILL 06/11/2026 | 24.8 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 7.3 % |
| COIN US 06/18/26 C170 | 6.6 % |
| CASH & OTHER | 5.6 % |
| UNITED STATES TREASURY BILL 05/12/2026 | 3.3 % |
| COIN US 05/15/26 C190 | 2.0 % |
| COIN US 04/17/26 C180 | 0.4 % |
| COIN US 04/17/26 C177.5 | 0.3 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -33.1% | -65.7% | -70.2% | -- | -- | -- | -- | -53.5% |
| Dividend Yield | 11.3% | 45.3% | 40.4% | -- | -- | -- | -- | 59.1% |
| Total Returns | -21.8% | -20.4% | -29.8% | -- | -- | -- | -- | 5.5% | Ann. Volatility | 75.3% | 59.6% | 63.1% | -- | -- | -- | -- | 60.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.77 | 32% |
| MSCI EAFE | 1.46 | 19% |
| MSCI Emg Mkts | 1.38 | 22% |
Liquidity Measures
| Avg. volume (000) | 386 |
| ADV traded (mns) | $11 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $26.50 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.28/-0.19 |
| Bollinger Bands (Upper/Lower) | $29.17/$22.76 |
| Short interest (% of AUM) | 9.3% |
Distributions