Data as of Nov 4, 2026.

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Income ETFs

OARK vs PCOV: Dividend Yield & Total Return

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OARK and PCOV both write options for income.

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Net assets: $38m on Nov 3, 2026 for YieldMax Innovation Option Income Strategy ETF, and $10m on Nov 2, 2026 for Principal Equity Premium Income ETF.

At a glance
33.3%
OARK cash paid, 1 year
1.9%
PCOV cash paid, since launch, Aug 19, 2026
−2.6%
OARK total return, 1 year
−0.1%
PCOV total return, since launch, Aug 19, 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. Total return, distributions reinvested. 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.
PCOV · since launch to Nov 4, 2026 Not measured
PCOV
−0.1%
none

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

Total return, distributions reinvested

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.66 points a year less; OARK is 3.8 times larger.

Points (pts) are percentage points.

OARK vs PCOV: Dividend Yield & Total Return
MeasureOARKPCOV
Paid and earned
Total return, 1 year−2.6%not published
Price changefell 36.6% (1 year)fell 2.0% (since Aug 19, 2026)
Against its benchmark
BenchmarkARK Innovation ETF, measured through ARKKnot published
Cost and size
Expense ratio1.00%0.34%
Net assets, as of Nov 3, 2026$38m$10m
Holdings
Holdings in commonnot published

Method

Side by side

OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly PCOV Principal Equity Premium Income ETF · Covered call
Strategy synthetic covered call covered call
Benchmark ARK Innovation ETF (ARKK) none
Pays weekly not established
Payout rate, annualized 31.8% 7.2%
Expense ratio 1.00% 0.34%
Cash paid, 1 year 33.3% 1.9% (since launch, Aug 19, 2026)
Price change, 1 year −36.6% −2.0% (since launch, Aug 19, 2026)
Total return, 1 year −2.6% −0.1% (since launch, Aug 19, 2026)
Benchmark return, 1 year −3.7% not published
Ahead or behind +1.1 pts not available
Return of capital, latest estimate not published not published
Age 3.9 years 77 days
Net assets, OARK as of Nov 3, 2026 and PCOV as of Nov 2, 2026 $38m $10m

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: OARK vs PCOV: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOARKPCOVOARKPCOVOARKPCOV
3 months+1.6%–8.3%–−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: OARK Nov 2022 · PCOV Aug 2026+47.8%−0.1%90.4%1.9%−75.3 ptsnot measured

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About each fund
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.

PCOV

Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.

Questions people ask

Which is cheaper, OARK or PCOV?
OARK charges 1.00% a year and PCOV charges 0.34%, so PCOV is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, OARK against PCOV, data as of Nov 4, 2026. https://etfiq.com/compare/income/oark-vs-pcov

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