CRSH
YieldMax Short TSLA Option Income Strategy ETF
CRSH aims to provide current income and indirect exposure to declines in Tesla stock (TSLA) through a synthetic covered put strategy, to offer inverse exposure to the share price of TSLA with a cap on potential gains.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
34.3 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | YieldMax |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | May 01, 2024 |
| Assets (mns) | $34 |
| 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 3.875% 01/15 | 31.4 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 21.8 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 13.4 % |
| CASH & OTHER | 13.1 % |
| UNITED STATES TREASURY BILL 11/06/2025 | 8.3 % |
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 5.7 % |
| TSLA US 07/18/25 P320 | 4.8 % |
| UNITED STATES TREASURY BILL 02/19/2026 | 4.2 % |
| TESLA IN PUT OPT 07/25 272.500 | 0.2 % |
| TSLA US 07/18/25 C520 | 0.0 % |
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 | -22.8% | -73.9% | -- | -- | -- | -- | -- | -71.3% |
| Dividend Yield | 36.5% | 31.7% | -- | -- | -- | -- | -- | 30.6% |
| Total Returns | 13.6% | -42.3% | -- | -- | -- | -- | -- | -40.6% | Ann. Volatility | 58.1% | 58.3% | -- | -- | -- | -- | -- | 55.5% |
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) | 449 |
| ADV traded (mns) | $2 |
| Turnover | 5.7% |
| Avg. Bid/Ask (% of price) | 0.30% |
Technical Indicators
| Recent close | $4.33 |
| 30d moving avg. | $4.47 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 48 |
| Short interest | 4.7% |
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 |
| CRSH (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) |
|
|---|---|---|---|
| CRSH | 99.0 | 30.0 | 129 |
| Peer Avg. | 94.4 | 33.5 | 127.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .