Data as of .
WEPN vs YRAM: which paid, and which earned it?
WEPN and YRAM both write options for income.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| WEPN | YRAM | WEPN | YRAM | WEPN | YRAM | |
| 3 months | +0.6% | not published | 3.0% | not published | +11.0 pts | not published |
| 6 months | +1.1% | not published | 6.2% | not published | +4.9 pts | not published |
| Since launch | −7.3% | +6.1% | 6.1% | 1.6% | +5.2 pts | +3.0 pts |
| WEPN Nicholas Defense and Rare Earth Income ETF Option income on ITA, paying weekly | YRAM YieldMax Memory and Storage Portfolio Option Income ETF Synthetic covered call on SMH | |
|---|---|---|
| Issuer | Nicholas | YieldMax |
| Strategy | option income | synthetic covered call |
| Benchmark | Aerospace and defense (ITA), used as the proxy | Semiconductors (SMH), used as the proxy |
| Pays | weekly | not established |
| Payout rate, annualized | 11.9% | 8.8% |
| Expense ratio | 1.11% | not published |
| Cash paid, 1 year | 6.1% (since launch on Mar 3, 2026) | 1.6% (since launch on Aug 25, 2026) |
| Price change, 1 year | −13.3% | +4.5% |
| Total return, 1 year | −7.3% (since launch on Mar 3, 2026) | +6.1% (since launch on Aug 25, 2026) |
| Benchmark return, 1 year | −12.5% | +3.1% |
| Ahead or behind | +5.2 pts | +3.0 pts |
| Return of capital, latest estimate | not published | 97% |
| Age | 199 days | 24 days |
| Net assets | $6m | $5m |
WEPN in plain words
Over the period since launch on Mar 3, 2026 to Sep 18, 2026, WEPN paid 6.1% of its starting value in cash distributions while its price fell 13.3%. With every distribution reinvested, the fund returned −7.3%. Aerospace and defense (ITA), used as the proxy returned −12.5% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.9%, paid weekly.
YRAM in plain words
Over the period since launch on Aug 25, 2026 to Sep 18, 2026, YRAM paid 1.6% of its starting value in cash distributions while its price rose 4.5%. With every distribution reinvested, the fund returned +6.1%. Semiconductors (SMH), used as the proxy returned +3.1% over the same days, so a holder was ahead by 3.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.8%, paid periodically. YieldMax estimates that 97% 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).
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, WEPN against YRAM, data as of Sep 18, 2026. https://etfiq.com/compare/income/wepn-vs-yram Free to use with attribution; the underlying files are at Open data.