Data as of . Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate.
TEST · YieldMax(R) TSLA Performance & Distribution Target 25(TM) ETF
YieldMax · Income desk
Open the live card on ETFIQOver the period since launch on Nov 18, 2025 to Sep 4, 2026, TEST paid 17.8% of its starting value in cash distributions while its price fell 25.1%. With every distribution reinvested, the fund returned −9.1%. (TM) returned +0.6% over the same days, so a holder was behind by 9.7 pts. At its price on Sep 4, 2026 the latest distribution annualises to 24.9%, paid weekly. YieldMax estimates that 89% of the distribution paid Sep 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
| Strategy | synthetic covered call |
|---|---|
| Benchmark | (TM) |
| Pays | weekly |
| Payout rate, annualised (ETFIQ) | 24.9% |
| Expense ratio (prospectus XBRL) | 1.04% |
| Cash paid, trailing 12 months (ETFIQ) | 23.7% |
| Launched | Nov 18, 2025 |
| 3 months: paid / price / total / TM / ahead or behind (ETFIQ) | 5.8% / −14.5% / −9.0% / +11.3% / −20.2 pts |
| 6 months: paid / price / total / TM / ahead or behind (ETFIQ) | 11.5% / −19.9% / −9.3% / −10.1% / +0.8 pts |
| since launch: paid / price / total / TM / ahead or behind (ETFIQ) | 17.8% / −25.1% / −9.1% / +0.6% / −9.7 pts |
| Return of capital, latest distribution (YieldMax 19a-1 estimate) | 88.9% |
Questions people ask
- How much has TEST paid over the last year?
- Over the period from its launch on Nov 18, 2025 to Sep 4, 2026, TEST paid 17.8% of its starting price in cash distributions, while the price fell 25.1%.
- Is TEST ahead of TM?
- Over the period from its launch on Nov 18, 2025 to Sep 4, 2026, with every distribution reinvested, TEST returned −9.1% against +0.6% for (TM), so a holder was behind it by 9.7 points.
- How often does TEST pay, and how much?
- TEST pays weekly. The latest distribution annualises to 24.9% at its price on Sep 4, 2026, which is not a promise; the next one can differ.
- Is the TEST distribution return of capital?
- YieldMax estimates 89% of the distribution paid Sep 2, 2026 was return of capital. That is a tax characterisation from the fund's own 19a-1 notice, not a measure of erosion.
- What does TEST cost?
- The prospectus expense ratio is 1.04% a year.
Where these figures came from
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<p><a href="https://etfiq.com/funds/TEST.html">TEST payout bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, TEST on the income desk, data as of Sep 4, 2026. https://etfiq.com/funds/TEST.html Free to use with attribution; the underlying files are at Open data.
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