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Data as of . Every figure is the income desk's own, on published data.

SDTY vs YMAX

YieldMax(R) S&P 500 0DTE Covered Call Strategy ETF and YieldMax(R) Universe Fund of Option Income ETFs, side by side on the income desk.

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SDTY and YMAX on the income desk fields, as of Sep 4, 2026. Source: ETFIQ.
SDTY
YieldMax(R) S&P 500 0DTE Covered Call Strategy ETF
YMAX
YieldMax(R) Universe Fund of Option Income ETFs
IssuerYieldMaxYieldMax
Strategy0DTE covered callsynthetic covered call
BenchmarkS&P 500 (SPY)S&P 500 (SPY), used as a default proxy
Paysweeklyweekly
Payout rate, annualised20.9%40.6%
Expense ratio1.08%1.33%
Cash paid, 1 year24.8%40.0%
Price change, 1 year−8.4%−38.7%
Total return, 1 year+18.8%+3.5%
Benchmark return, 1 year+20.0%+20.0%
Ahead or behind−1.2 pts−16.5 pts
Return of capital, latest estimate43%43%
Age575 days961 days

SDTY in plain words

Over the year to Sep 4, 2026, SDTY paid 24.8% of its starting value in cash distributions while its price fell 8.4%. With every distribution reinvested, the fund returned +18.8%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 4, 2026 the latest distribution annualises to 20.9%, paid weekly. YieldMax estimates that 43% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).

YMAX in plain words

Over the year to Sep 4, 2026, YMAX paid 40.0% of its starting value in cash distributions while its price fell 38.7%. With every distribution reinvested, the fund returned +3.5%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 16.5 pts. At its price on Sep 4, 2026 the latest distribution annualises to 40.6%, paid weekly. YieldMax estimates that 43% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).

Questions people ask

Which paid more, SDTY or YMAX?
Over the year to Sep 4, 2026, SDTY paid 24.8% of its starting price in cash and YMAX paid 40.0%, so YMAX paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, SDTY or YMAX?
With every distribution reinvested, SDTY returned +18.8% and YMAX returned +3.5% over the year to Sep 4, 2026, so SDTY returned more.
Which is cheaper, SDTY or YMAX?
SDTY charges 1.08% a year and YMAX charges 1.33%, so SDTY is cheaper. Fees come from each fund's prospectus.

Other comparisons

Cite this page. ETFIQ, SDTY against YMAX, data as of Sep 4, 2026. https://etfiq.com/compare/income/SDTY-YMAX.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources