Data as of .
NLSI vs YMAG: which paid, and which earned it?
NLSI and YMAG both write options for income.
What they hold in common
By the books each fund has filed, NLSI and YMAG hold 0% of their money in the same securities at the same weight.
| Only in NLSI | Only in YMAG |
|---|---|
| Micron Technology Inc 14.23% | YieldMax NVDA Option Income Strategy ETF 14.58% |
| F5 Inc 3.90% | YieldMax AAPL Option Income Strategy ETF 14.24% |
| Progressive Corp/The 3.80% | YieldMax Tsla Option Income ETF 14.21% |
| Adobe Inc 3.37% | YieldMax Amzn Option Income ETF 14.11% |
| Jack Henry & Associates Inc 3.32% | YieldMax GOOGL Option Income Strategy ETF 14.11% |
| Universal Health Services Inc 3.23% | YieldMax Meta Option Income Strategy ETF 13.99% |
| Insulet Corp 3.19% | YieldMax MSFT Option Income Strategy ETF 13.90% |
| Veeva Systems Inc 3.19% | First American Government Obligations Fund 12/01/2031 0.87% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| NLSI | YMAG | NLSI | YMAG | NLSI | YMAG | |
| 3 months | +15.6% | +6.1% | 1.4% | 9.4% | +13.3 pts | −1.6 pts |
| 6 months | +24.6% | +15.4% | 2.8% | 21.1% | +6.6 pts | −5.3 pts |
| 1 year | not published | +9.7% | not published | 35.5% | not published | −1.5 pts |
| Since launch | +19.3% | +70.7% | 4.0% | 89.1% | +7.3 pts | −34.1 pts |
| NLSI NEOS Long/Short Equity Income ETF Option income on SPY, paying monthly | YMAG YieldMax(R) Magnificent 7 Fund of Option Income ETFs Synthetic covered call on MAGS, paying weekly | |
|---|---|---|
| Issuer | NEOS | YieldMax |
| Strategy | option income | synthetic covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | Magnificent Seven (MAGS) |
| Pays | monthly | weekly |
| Payout rate, annualized | 5.1% | 30.9% |
| Expense ratio | 2.89% | 1.34% |
| Cash paid, 1 year | 4.0% (since launch on Dec 10, 2025) | 35.5% |
| Price change, 1 year | +14.6% | −28.1% |
| Total return, 1 year | +19.3% (since launch on Dec 10, 2025) | +9.7% |
| Benchmark return, 1 year | +12.0% | +11.2% |
| Ahead or behind | +7.3 pts | −1.5 pts |
| Return of capital, latest estimate | 100% | 80% |
| Age | 282 days | 962 days |
| Net assets | $5m | $297m |
NLSI in plain words
Over the period since launch on Dec 10, 2025 to Sep 18, 2026, NLSI paid 4.0% of its starting value in cash distributions while its price rose 14.6%. With every distribution reinvested, the fund returned +19.3%. S&P 500 (SPY), used as a default proxy returned +12.0% over the same days, so a holder was ahead by 7.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.1%, paid monthly. NEOS estimates that 100% of the distribution paid Jul 31, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
YMAG in plain words
Over the year to Sep 18, 2026, YMAG paid 35.5% of its starting value in cash distributions while its price fell 28.1%. With every distribution reinvested, the fund returned +9.7%. Magnificent Seven (MAGS) returned +11.2% over the same days, so a holder was behind by 1.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 30.9%, paid weekly. YieldMax estimates that 80% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, NLSI or YMAG?
- NLSI charges 2.89% a year and YMAG charges 1.34%, so YMAG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, NLSI against YMAG, data as of Sep 18, 2026. https://etfiq.com/compare/income/nlsi-vs-ymag Free to use with attribution; the underlying files are at Open data.