YieldMax Universe Fund of Option Income ETFs

YMAX

Market cap $1.09B

Overview Fund Activity

12.76 USD

+0.09

0.71%

At close Updated Sep 15, 9:55 AM EDT

1 day

0.71%

5 days

1.27%

1 month

-2.6%

3 months

-5.69%

6 months

-9.7%

Year to date

-25.12%

1 year

-27.09%

5 years

-35.88%

10 years

-35.88%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

144% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 9

122% more call options, than puts

Call options by funds: $2.36M | Put options by funds: $1.06M

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

37% more funds holding

Funds holding: 35 [Q1] → 48 (+13) [Q2]

0.79% less ownership

Funds ownership: 3.11% [Q1] → 2.32% (-0.79%) [Q2]

3% less capital invested

Capital invested by funds: $22.2M [Q1] → $21.6M (-$655K) [Q2]

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Financial journalist opinion

Based on 7 articles about YMAX published over the past 30 days

24/7 Wall Street

Comparing The New $GRNY ETF to SCHD, YMAX, and ULTY

In recent years, the subject of portfolio growth has taken on a much larger level of importance with younger Millennials to Gen-Z.

Comparing The New $GRNY ETF to SCHD, YMAX, and ULTY

Does Dividend Reinvesting Turn 38%-Yielding YMAX Into A Market-Beater?

YMAX offers a high yield via broad exposure to single-stock covered call ETFs, but suffers from high fees, concentration, and inflexible call selling strategies. Even with reinvested distributions, YMAX's returns aren't meaningfully different than the S&P 500, while exposing investors to much higher volatility and risk. Given our market outlook—expecting sideways or negative movement—YMAX's high-beta holdings are likely to underperform in drawdowns.

Does Dividend Reinvesting Turn 38%-Yielding YMAX Into A Market-Beater?

YMAX: Recent Key Changes Compel Me To Upgrade

I am upgrading YMAX to a strong buy due to improved management strategies that better preserve net asset value while maintaining high income payouts. YMAX's active options strategies and weekly distributions offer a compelling blend of income and total returns, especially in rangebound or moderately rising markets. The fund's recent shift to weekly payouts and enhanced tax efficiency through return of capital distributions make it more attractive for income-focused investors.

YMAX: Recent Key Changes Compel Me To Upgrade

YMAX: An Alternative Way To Manage NAV Risk

YMAX offers extremely high yields (40-70%), and introduces the risk of NAV and distribution erosion. The problem isn't just ROC, but the synthetic long with 0DTE covered calls, which makes returns asymmetric to the underlying. To bridge this asymmetry and achieve competitive returns, it seems that the flows must be completely reinvested in YMAX.

YMAX: An Alternative Way To Manage NAV Risk

YMAX's 66% Yield: The Dark Side Of Its Weekly Payouts

YMAX offers high weekly yields and diversification. However, it suffers from several major structural flaws. We detail what these are and share a better way to invest for high income.

YMAX's 66% Yield: The Dark Side Of Its Weekly Payouts

YMAX: Patience Will Be Rewarded With Tax-Efficient Income

YieldMax Universe Fund of Option Income ETFs is a fund of funds of synthetic option ETFs. The diversified approach eliminates single-stock risk. The ETF offers weekly distributions with a current estimated annual distribution rate over 45%. Traditional valuation metrics may not fully capture the unique risk/reward profile of YMAX. I believe that patience is required here.

YMAX: Patience Will Be Rewarded With Tax-Efficient Income

24/7 Wall Street

Should I Go All-in on ULTY, YMAX or QQQI Instead?

In the world of dividend investing, there is a major effort right now to grow as quickly as possible to try to build up a big portfolio.

Should I Go All-in on ULTY, YMAX or QQQI Instead?

24/7 Wall Street

Turning $170k Into a Weekly Income Machine With YieldMax

Can an investor take a six-figure account and transform it into a weekly paycheck generator?

Turning $170k Into a Weekly Income Machine With YieldMax

24/7 Wall Street

YieldMax Universe Fund of Option Income ETFs (YMAX): Why the Skeptics Run From This “Fund of Funds”

The YMAX ETF is a diversified fund that enables a high annual distribution yield.

YieldMax Universe Fund of Option Income ETFs (YMAX): Why the Skeptics Run From This “Fund of Funds”

24/7 Wall Street

Why is There So Much Hate for Yieldmax Funds? – My Perspective on the Risks

The skepticism surrounding YieldMax ETFs is related to their high level of risk. However, it's fine to own YieldMax funds as long as you stick to certain de-risking guidelines.

Why is There So Much Hate for Yieldmax Funds? – My Perspective on the Risks

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