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
387.3 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) | $387 |
| 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 META OPTION INCOME STRATEGY ETF | 15.0 % |
| YIELDMAX GOOGL OPTION INCOME STRATEGY ETF | 14.7 % |
| YIELDMAX NVDA OPTION INCOME STRATEGY ETF | 14.6 % |
| YIELDMAX MSFT OPTION INCOME STRATEGY ETF | 14.4 % |
| YIELDMAX TSLA OPTION INCOME ETF | 13.6 % |
| YIELDMAX AAPL OPTION INCOME STRATEGY ETF | 13.6 % |
| YIELDMAX AMZN OPTION INCOME ETF | 13.2 % |
| CASH & OTHER | 1.0 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -19.8% | -21.6% | -- | -- | -- | -- | -- | -15.5% |
| Dividend Yield | 25.7% | 43.6% | -- | -- | -- | -- | -- | 43.1% |
| Total Returns | 5.9% | 22.1% | -- | -- | -- | -- | -- | 27.6% | Ann. Volatility | 27.9% | 24.7% | -- | -- | -- | -- | -- | 22.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.16 | 64% |
| MSCI EAFE | -0.14 | 1% |
| MSCI Emg Mkts | -0.15 | 1% |
Liquidity Measures
| Avg. volume (000) | 768 |
| ADV traded (mns) | $12 |
| Turnover | 3.1% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| Recent close | $15.49 |
| 30d moving avg. | $14.82 |
| Annualized volatility | 17.0% |
| Relative strength (RSI) | 61 |
| Short interest | 6.7% |
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 |
| 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. | 94.4 | 32.7 | 127.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .