Data as of Nov 4, 2026.
PCOV vs YMAG: Dividend Yield & Total Return
PCOV and YMAG both write options for income.
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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $268m on Nov 3, 2026 for YieldMax Magnificent 7 Fund of Option Income ETFs.
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. Total return, distributions reinvested. 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, 2026.1.2 pts ahead of its own holdings
YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.
its own holdings
+4.6%
YMAG
+5.8%
33.4% of it arrived as cash
1.2 pts ahead of its own holdings
Total return, distributions reinvested
1.2 pts ahead of its own holdings
YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.
its own holdings
+4.6%
YMAG
+5.8%
33.4% as cash
33.4% of it arrived as cash. Both charts share one scale, with zero at the line. YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PCOV costs 1.00 points a year less; YMAG is far larger, $268m against $10m.
Points (pts) are percentage points.
| Measure | PCOV | YMAG |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +5.8% |
| Price change | fell 2.0% (since Aug 19, 2026) | fell 29.4% (1 year) |
| Return of capital, issuer estimate | 11% of the Nov 5, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | its own holdings |
| Cost and size | ||
| Expense ratio | 0.34% | 1.34% |
| Net assets, as of Nov 3, 2026 | $10m | $268m |
| Holdings | ||
| Holdings in common | not published | |
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | PCOV | YMAG | PCOV | YMAG | PCOV | YMAG |
| 3 months | – | +3.3% | – | 9.1% | – | +0.3 pts |
| 6 months | – | +1.9% | – | 18.1% | – | −0.2 pts |
| 1 year | – | +5.8% | – | 33.4% | – | +1.2 pts |
| Since launchNot the same days: PCOV Aug 2026 · YMAG Jan 2024 | −0.1% | +70.3% | 1.9% | 91.7% | not measured | not measured |
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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.
YMAG
Over the year to Nov 4, 2026, YMAG paid 33.4% of its starting value in cash distributions while its price fell 29.4%. With every distribution reinvested, the fund returned +5.8%. YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned +4.6% over the same days, so a holder was ahead by 1.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.4%, paid weekly. YieldMax estimates that 11% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
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How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, PCOV against YMAG, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-ymag
ETFIQ. (Nov 4, 2026). PCOV against YMAG. Retrieved from https://etfiq.com/compare/income/pcov-vs-ymag
[PCOV against YMAG (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/pcov-vs-ymag)
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