Which is cheaper, CDPI or OARK?

CDPI charges 0.45% a year and OARK charges 1.00%, so CDPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CDPI vs OARK: Dividend Yield & Total Return

CDPI and OARK both write options for income.

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Net assets: $38m on Nov 3, 2026 for YieldMax Innovation Option Income Strategy ETF, beside Columbia High Dividend Premium Income ETF.

CDPI on its own →OARK on its own →

At a glance

1.5%

CDPI cash paid, since launch, Jul 14, 2026

33.3%

OARK cash paid, 1 year

+1.6%

CDPI total return, since launch, Jul 14, 2026

−2.6%

OARK total return, 1 year

CDPI · since launch to Nov 4, 2026 Not measured

CDPI

+1.6%

none

Not measured

CDPI since launch: paid 1.5%, price +0.1%, total +1.6%, not measured against a benchmark. Data to Nov 4, 2026.

CDPI

+1.6%

1.5% as cash

Total return, distributions reinvested

Not measured

CDPI since launch: paid 1.5%, price +0.1%, total +1.6%, not measured against a benchmark. Data to Nov 4, 2026.

CDPI

+1.6%

1.5% of it arrived as cash. Total return, distributions reinvested. CDPI since launch: paid 1.5%, price +0.1%, total +1.6%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

OARK · 1 year to Nov 4, 2026 1.1 pts ahead of ARKK

OARK

−2.6%

ARKK

−3.7%

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

Total return, distributions reinvested

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

33.3% of it arrived as cash. Both charts share one scale, with zero at the line. OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CDPI costs 0.55 points a year less.

Points (pts) are percentage points.

CDPI vs OARK: Dividend Yield & Total Return
Measure	CDPI	OARK
Paid and earned
Measure	CDPI	OARK
Total return, 1 year	not published	−2.6%
Price change	rose 0.1% (since Jul 14, 2026)	fell 36.6% (1 year)
Return of capital, issuer estimate	76% of the Oct 5, 2026 payment
Against its benchmark
Measure	CDPI	OARK
Benchmark	not published	ARK Innovation ETF, measured through ARKK
Cost and size
Measure	CDPI	OARK
Expense ratio	0.45%	1.00%
Net assets	not read by ETFIQ	$38m
Holdings
Measure	CDPI	OARK
Holdings in common	not published

Method

Side by side

CDPI Columbia High Dividend Premium Income ETF · Covered call, paying monthly OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly

Issuer Columbia YieldMax

Strategy covered call synthetic covered call

Benchmark none ARK Innovation ETF (ARKK)

Pays monthly weekly

Payout rate, annualized 8.0% 31.8%

Expense ratio 0.45% 1.00%

Cash paid, 1 year 1.5% (since launch, Jul 14, 2026) 33.3%

Price change, 1 year +0.1% (since launch, Jul 14, 2026) −36.6%

Total return, 1 year +1.6% (since launch, Jul 14, 2026) −2.6%

Benchmark return, 1 year not published −3.7%

Ahead or behind not available +1.1 pts

Return of capital, latest estimate 76% not published

Age 113 days 3.9 years

Net assets not read by ETFIQ $38m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: CDPI vs OARK: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CDPI	OARK	CDPI	OARK	CDPI	OARK
3 months	+0.4%	+1.6%	1.5%	8.3%	not measured	−3.9 pts
6 months	–	−2.3%	–	17.8%	–	−3.3 pts
1 year	–	−2.6%	–	33.3%	–	+1.1 pts
3 years	–	+62.6%	–	95.8%	–	−36.1 pts
Since launchNot the same days: CDPI Jul 2026 · OARK Nov 2022	+1.6%	+47.8%	1.5%	90.4%	not measured	−75.3 pts

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Alert

About each fund

CDPI

Over the period from its first trade on Jul 14, 2026 to Nov 4, 2026, CDPI paid 1.5% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +1.6%. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. Columbia estimates that 76% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

OARK

Over the year to Nov 4, 2026, OARK paid 33.3% of its starting value in cash distributions while its price fell 36.6%. With every distribution reinvested, the fund returned −2.6%. ARK Innovation ETF (ARKK) returned −3.7% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.8%, paid weekly.

Questions people ask

Which is cheaper, CDPI or OARK?: CDPI charges 0.45% a year and OARK charges 1.00%, so CDPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

CDPI vs MAGY CDPI vs XSHP CDPI vs PCOV CDPI vs FDND OARK vs CVRD OARK vs DDDD OARK vs DYLG OARK vs FDND

Where to next

ARK Innovation ETF (ARKK) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →CDPI on its own →OARK on its own →CDPI dividend history →OARK dividend history →OARK holdings →Method →Standards and sources →

Sources and dates

CDPI filings on SEC EDGAR ↗

CDPI prospectus with the expense ratio (SEC) ↗

CDPI 19a-1 distribution notice ↗

Columbia website ↗

OARK filings on SEC EDGAR ↗

OARK prospectus with the expense ratio (SEC) ↗

OARK 19a-1 distribution notice ↗

YieldMax page for OARK ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CDPI against OARK, data as of Nov 4, 2026. https://etfiq.com/compare/income/cdpi-vs-oark

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.