YMAX
YieldMax Universe Fund of Option Income ETFs
YMAX is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 385.6 M
ASSETS UNDER MGMT
128 bp
EXPENSES
Fund Basics
| Inception date | Jan 17, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Weekly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| YIELDMAX AMD OPTION INCOME STRATEGY ETF | 6.7 % |
| YIELDMAX AMZN OPTION INCOME ETF | 5.2 % |
| YIELDMAX HOOD OPTION INCOME STRATEGY ETF | 5.1 % |
| YIELDMAX TSM OPTION INCOME STRATEGY ETF | 5.0 % |
| YIELDMAX CRYPTO INDUSTRY & TECH PORTFOLIO OPT | 5.0 % |
| YIELDMAX HIMS OPTION INCOME STRATEGY ETF | 4.8 % |
| YIELDMAX MARA OPTION INCOME STRATEGY ETF | 4.6 % |
| YIELDMAX AI & TECH PORTFOLIO OPTION INCOME ET | 4.6 % |
| YIELDMAX SEMICONDUCTOR PORTFOLIO OPTION INCOM | 4.5 % |
| YIELDMAX XYZ OPTION INCOME STRATEGY ETF | 4.5 % |
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 | -21.5% | -41.4% | -39.9% | -- | -- | -- | -- | -34.6% |
| Dividend Yield | 8.4% | 44.1% | 40.6% | -- | -- | -- | -- | 41.7% |
| Total Returns | -13.1% | 2.7% | 0.7% | -- | -- | -- | -- | 7.1% | Ann. Volatility | 27.8% | 25.4% | 23.6% | -- | -- | -- | -- | 23.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.16 | 75% |
| MSCI EAFE | 1.02 | 50% |
| MSCI Emg Mkts | 0.90 | 52% |
Liquidity Measures
| Avg. volume (000) | 1,334 |
| ADV traded (mns) | $11 |
| Turnover | 2.9% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $8.01 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.21/0.11 |
| Bollinger Bands (Upper/Lower) | $8.82/$6.94 |
| Short interest (% of AUM) | 13.9% |
Distributions