YMAG
YieldMax Magnificent 7 Fund of Option Income ETFs
YMAG is a fund-of-funds that invests in seven single-stock ETFs that aim to provide current income and capped gains on the underlying stocks through a covered call writing strategy.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
425.5 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Jan 29, 2024 |
| Assets (mns) | $426 |
| Expense ratio | 29 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| YIELDMAX NVDA OPTION INCOME STRATEGY ETF | 14.8 % |
| YIELDMAX MSFT OPTION INCOME STRATEGY ETF | 14.7 % |
| YIELDMAX AAPL OPTION INCOME STRATEGY ETF | 14.3 % |
| YIELDMAX AMZN OPTION INCOME ETF | 13.7 % |
| YIELDMAX META OPTION INCOME STRATEGY ETF | 13.6 % |
| YIELDMAX GOOGL OPTION INCOME STRATEGY ETF | 13.6 % |
| YIELDMAX TSLA OPTION INCOME ETF | 13.2 % |
| CASH & OTHER | 2.2 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -18.4% | -19.2% | -- | -- | -- | -- | -- | -13.2% |
| Dividend Yield | 33.5% | 47.1% | -- | -- | -- | -- | -- | 44.0% |
| Total Returns | 15.1% | 27.9% | -- | -- | -- | -- | -- | 30.8% | Ann. Volatility | 25.6% | 23.9% | -- | -- | -- | -- | -- | 22.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 63% |
| MSCI EAFE | -0.18 | 2% |
| MSCI Emg Mkts | -0.34 | 5% |
Liquidity Measures
| Avg. volume (000) | 896 |
| ADV traded (mns) | $13 |
| Turnover | 3.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
Technical Indicators
| Recent close | $15.01 |
| 30d moving avg. | $15.18 |
| Annualized volatility | 16.6% |
| Relative strength (RSI) | 64 |
| Short interest | 6.8% |
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 | 198 |
| Avg. Expense Ratio | 94.2 bp |
| Std. Deviation | 22.7 bp |
| YMAG (29 bp) Percentile rank | 1 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| YMAG | 29.0 | 6.5 | 35.5 |
| Peer Avg. | 94.2 | 30.6 | 124.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .