YieldMax™ ETFs seek to generate monthly income by selling/writing call options on single company stock or single ETF exposures. YieldMax™ ETFs pursue a strategy that aims to harvest compelling yields from assets that are not typically associated with monthly income.
Each YieldMax™ ETF employs an actively managed strategy best described as a synthetic covered call. The predominant driver of potential income for this strategy comes from the selling of short-term, out-of-the-money calls. These calls are sold over a synthetic long stock position comprised of (i) a long at-the-money call and (ii) a short at-the-money put. This combination of “long call and short put options” is known as a synthetic long stock position because it synthetically mimics the exposure of being long stock.
The primary driver of the potential monthly income of a YieldMax™ ETF is the amount of premium earned selling the short-term, out-of-the-money calls. In turn, the premium generated by these sales is materially impacted by the volatility of the options being sold.
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Advice | InvestCAN | InvestRESP | InvestUSA | RetireCAN | RetireMGN |
$500.00 CAD $400.00 USD | $99.99 CAD | $79.99 USD | $99.99 CAD | $12.99 CAD $9.99 USD |
What is the Best YieldMax ETF?
- AMDY: YieldMax AMD Option Income Strategy ETF
- AMZY: YieldMax AMZN Option Income Strategy ETF
- APLY: YieldMax AAPL Option Income Strategy ETF
- CONY: Tidal ETF Trust II YieldMax COI
- DISO: YieldMax DIS Option Income Strategy ETF
- FBY: YieldMax META Option Income ETF
- GOOY: YieldMax GOOGL Option Income Strategy ETF
- JPMO: YieldMax JPM Option Income Strategy ETF
- MSFO: YieldMax MSFT Option Income Strategy ETF
- NFLY: Tidal ETF Trust II YieldMax NFL
- NVDY: YieldMax NVDA Option Income Strategy ETF
- OARK: YieldMax ARKK Option Income Strategy ETF
- PYPY: Yieldmax PYPL Option Income Strategy ETF
- TSLY: YieldMax TSLA Option Income Strategy ETF
- XOMO: Yieldmax XOM Option Income Strategy ETF
Here is a table comparing OARK to similar covered call ETFs as of November 30, 2023.
Manager | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
ETF | AMZY | APLY | FBY | NVDY | OARK | TSLY |
Inception | 2023-07-24 | 2023-04-17 | 2023-07-27 | 2023-05-10 | 2022-11-22 | 2022-11-22 |
MER | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
AUM | $41,330,000 | $56,200,000 | $12,960,000 | $153,260,000 | $71.000,000 | $787,900,000 |
Yield | 31.18% | 10.55% | 27.86% | 23.07% | 36.00% | 60.11% |
Distributions | Monthly | Monthly | Monthly | Monthly | Monthly | Monthly |
1M | 5.03% | 8.57% | 7.82% | 8.18% | 9.59% | 10.51% |
3M | 4.58% | 1.00% | 1.48% | -4.77% | -6.51% | -8.95% |
6M | N/A | 2.95% | N/A | 15.33% | -4.62% | 1.22% |
YTD | N/A | N/A | N/A | N/A | 4.05% | 39.92% |
1Y | N/A | N/A | N/A | N/A | -7.81% | -4.46% |
3Y | N/A | N/A | N/A | N/A | N/A | N/A |