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Data as of .

RYLD vs YMAX: which paid, and which earned it?

Over the year YMAX paid 39.0% of its price in cash against RYLD’s 12.3%, though RYLD returned more with it reinvested.

Global X Russell 2000 Covered Call ETF and YieldMax(R) Universe Fund of Option Income ETFs, side by side, income ETFs on ETFIQ.

12.3%RYLD cash paid, 1 year
39.0%YMAX cash paid, 1 year
+18.1%RYLD total return, 1 year
−0.6%YMAX total return, 1 year

ETFIQ Return Stability Score: RYLD scores higher

Was the payout funded by returns, or by your own capital?

RYLD 65.7YMAX 8.33.2, the lowest in this set96.9, the highest

A percentile among the 161 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

RYLD3.1 pts behind IWM · 1 year to Sep 11, 2026
IWM+21.2%RYLD+18.1%12.3% of it arrived as cash3.1 pts behind IWMTotal return, distributions reinvestedIWM+21.2%RYLD+18.1%12.3% cash3.1 pts behind IWM
YMAX18.1 pts behind SPY · 1 year to Sep 11, 2026
SPY+17.5%YMAX−0.6%18.1 pts behind SPYTotal return, distributions reinvestedSPY+17.5%YMAX−0.6%18.1 pts behind SPY

What they hold in common

By the books each fund has filed, RYLD and YMAX hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in RYLDOnly in YMAX
GLOBAL X RUSSELL 2000 ETF 99.96%YieldMax AMD Option Income Strategy ETF 6.95%
CASH 0.04%Yieldmax Amzn Option Income ETF 5.36%
Yieldmax Tsm Option Income Strategy ETF 5.01%
YieldMax Crypto Industry & Tec 4.99%
YieldMax GOOGL Option Income S 4.88%
YieldMax MARA Option Income Strategy ETF 4.80%
YieldMax AI & Tech Portfolio Option Inco 4.72%
YieldMax Semiconductor Portfolio Option 4.66%

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 Apr 30, 2026 and Sep 11, 2026.

Performance, window by window

RYLD and YMAX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
RYLDYMAXRYLDYMAXRYLDYMAX
3 months+3.9%+5.6%3.1%10.8%+5.1 pts+2.3 pts
6 months+13.1%+15.5%6.3%24.3%−4.5 pts−0.5 pts
1 year+18.1%−0.6%12.3%39.0%−3.1 pts−18.1 pts
3 years+30.9%not published32.7%not published−31.7 ptsnot published
Since launch+51.9%+41.0%67.2%91.3%−51.8 pts−25.7 pts
Open the live comparison on ETFIQ
RYLD and YMAX on the same fields, as of Sep 11, 2026. Source: ETFIQ.
RYLD
Global X Russell 2000 Covered Call ETF
Covered call on IWM, paying monthly
YMAX
YieldMax(R) Universe Fund of Option Income ETFs
Synthetic covered call on SPY, paying weekly
IssuerGlobal XYieldMax
Strategycovered callsynthetic covered call
BenchmarkRussell 2000 (IWM)S&P 500 (SPY), used as a default proxy
Paysmonthlyweekly
Payout rate, annualized12.4%41.6%
Expense ratio0.60%1.33%
Cash paid, 1 year12.3%39.0%
Price change, 1 year+4.7%−41.0%
Total return, 1 year+18.1%−0.6%
Benchmark return, 1 year+21.2%+17.5%
Ahead or behind−3.1 pts−18.1 pts
Return of capital, latest estimate100%68%
Age2699 days968 days

RYLD in plain words

Over the year to Sep 11, 2026, RYLD paid 12.3% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +18.1%. Russell 2000 (IWM) returned +21.2% over the same days, so a holder was behind by 3.1 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.4%, paid monthly. Global X estimates that 100% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

YMAX in plain words

Over the year to Sep 11, 2026, YMAX paid 39.0% of its starting value in cash distributions while its price fell 41.0%. With every distribution reinvested, the fund returned −0.6%. S&P 500 (SPY), used as a default proxy returned +17.5% over the same days, so a holder was behind by 18.1 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 41.6%, paid weekly. YieldMax estimates that 68% of the distribution paid Sep 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, RYLD or YMAX?
Over the year to Sep 11, 2026, RYLD paid 12.3% of its starting price in cash and YMAX paid 39.0%, 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, RYLD or YMAX?
With every distribution reinvested, RYLD returned +18.1% and YMAX returned −0.6% over the year to Sep 11, 2026, so RYLD returned more.
Which is cheaper, RYLD or YMAX?
RYLD charges 0.60% a year and YMAX charges 1.33%, so RYLD 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.

RYLD against YMAX, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, RYLD against YMAX, data as of Sep 11, 2026. https://etfiq.com/compare/income/ryld-vs-ymax Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources