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AMZY YieldMax(R) AMZN Option Income Strategy ETF

Synthetic covered call on AMZN, paying weekly

Over the year to Sep 11, 2026, AMZY paid 35.9% in cash and still finished 4.0 points behind AMZN.

YieldMax · Income ETFs · data as of

Key facts

35.9%Cash paid, 1 year, on its starting price
+7.7%Total return, 1 year
−4.0 ptsAgainst AMZN
34.0%Return of capital, latest payout (YieldMax estimate)

Method

ETFIQ Return Stability Score

56.522nd of 61

AMZY paid 35.9% in cash. Its price fell 30.5%, so 85% of what you were paid came back out of your own capital.

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

Against its benchmark
MRNY −136.8 ptsAMDY −66.7 ptsDIPS −37.9 ptsXOMO −20.9 ptsTQQY −20.2 ptsAPLY −18.6 ptsGOOP −17.6 ptsTSYY −16.1 ptsMARO −15.2 ptsCOYY −11.8 ptsTSMY −11.7 ptsMSTW −11.4 ptsHOOW −10.9 ptsCOIW −10.5 ptsPLTW −9.8 ptsTSLP −9.1 ptsXYZY −8.9 ptsGOOY −8.5 ptsAAPY −8.4 ptsNFLW −7.7 ptsAMZP −7.2 ptsGMEY −7.2 ptsHCOW −7.2 ptsTSLW −7.0 ptsMETW −6.9 ptsYSPY −6.8 ptsAVGW −6.6 ptsMSFY −6.6 ptsAIYY −5.6 ptsSMCY −5.3 ptsNFLP −4.7 ptsMSFW −4.6 ptsHOOY −3.8 ptsSNOY −3.6 ptsBRKW −3.5 ptsFBY −3.5 ptsAMZW −3.1 ptsCRSH −2.2 ptsNVDW −1.8 ptsPYPY −1.8 ptsTSII −1.8 ptsDRAY −1.4 ptsBRKC −0.9 ptsNVDY −0.2 ptsGOOW +1.7 ptsMSFO +1.8 ptsRBLY +1.8 ptsNVII +2.3 ptsRDYY +3.7 ptsNFLY +4.0 ptsAAPW +4.1 ptsTSLY +4.8 ptsBABO +4.9 ptsCONY +4.9 ptsCVNY +5.3 ptsMSTY +5.5 ptsPLTY +5.5 ptsAMDW +47.3 ptsFIAT +70.4 ptsWNTR +94.6 ptsAMZY −4.0 ptsAMZY −4.0 pts−136.8 pts+94.6 pts

53.3% of the 61 sit at or below AMZY on this measure.

What happened to the principal
MSTW −87.3%COYY −86.8%RBLY −81.7%MSTY −80.9%COIW −79.2%MARO −75.6%CONY −72.9%DRAY −72.2%RDYY −71.3%AIYY −71.0%TSYY −69.7%SMCY −64.1%NFLW −62.3%HOOY −59.8%HOOW −59.2%BABO −56.9%NFLY −55.1%GMEY −52.9%PYPY −51.8%CVNY −51.5%PLTW −50.4%NFLP −50.2%XYZY −48.1%CRSH −46.9%TSLW −46.8%TSII −46.5%METW −46.0%WNTR −45.9%DIPS −45.5%FIAT −45.3%AVGW −44.5%FBY −44.3%TSLY −44.2%PLTY −43.6%TQQY −35.3%MSFW −31.5%TSLP −30.0%MSFO −29.8%AMZW −25.8%SNOY −25.4%YSPY −25.3%NVDW −24.5%MSFY −24.1%NVDY −23.6%NVII −23.1%BRKW −17.8%BRKC −16.0%GOOY −15.1%AMZP −12.9%APLY −9.6%XOMO −6.9%TSMY −5.0%GOOW −2.2%HCOW +1.6%GOOP +7.3%AAPW +11.3%AMDY +19.5%AAPY +20.6%MRNY +85.5%AMDW +93.7%AMZY −30.5%AMZY −30.5%−87.3%+93.7%

59.8% of the 61 sit at or below AMZY on this measure.

Weighted evenly, those two positions are what the score combines, across the 61 income ETFs writing on a single company. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−4.0 pts53.350%
what happened to the principal−30.5%59.850%

All income ETFs ranked by this score · How it is computed

72nd of 354 income ETFs by net assets

What a holder got

AMZY against AMZNAMZY returned +7.7% with distributions reinvested against +11.7% for Amazon (AMZN), a gap of −4.0 pts. Of that, 35.9% arrived as cash rather than price.+7.7%AMZY total return+11.7%Amazon (AMZN)35.9% of it arrived as cash

Over the year to Sep 11, 2026, AMZY returned +7.7% with distributions reinvested and Amazon (AMZN) returned +11.7%, so a holder came out behind it by 4.0 points. The lighter segment is the 35.9% that arrived as cash rather than as price.

Method

Period by period

AMZY over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnAMZNAhead or behind
3 months9.6%−2.7%+7.2%+7.6%−0.5 pts
6 months23.2%−4.7%+19.1%+23.6%−4.6 pts
1 year35.9%−30.5%+7.7%+11.7%−4.0 pts
3 years97.3%−51.3%+70.6%+81.8%−11.2 pts
Since launch107.5%−47.4%+88.3%+98.8%−10.6 pts

Method

When AMZY pays

AMZY pays weekly. The last distribution was $0.0513 a share, which went ex on Sep 10, 2026, with payment about 1 day later. The issuer has set the next ex-date at Sep 16, 2026, payable Sep 17, 2026, but has not declared the amount.

Expected distributions for AMZY. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 16, 2026Sep 17, 2026$0.0513Date set by the issuer, amount not yet declared
Sep 23, 2026Sep 24, 2026$0.0513Date set by the issuer, amount not yet declared
Sep 30, 2026Oct 1, 2026$0.0513Date set by the issuer, amount not yet declared
Oct 7, 2026Oct 8, 2026$0.0513Date set by the issuer, amount not yet declared
Oct 14, 2026Oct 15, 2026$0.0513Date set by the issuer, amount not yet declared
Oct 21, 2026Oct 22, 2026$0.0513Date set by the issuer, amount not yet declared
Every distribution ETFIQ holds for AMZY (13, most recent first)
Cash distributions per share for AMZY. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 10, 2026$0.0513
Sep 3, 2026$0.0612
Aug 27, 2026$0.0836
Aug 20, 2026$0.0848
Aug 13, 2026$0.134
Aug 6, 2026$0.1445
Jul 30, 2026$0.0708
Jul 23, 2026$0.0745
Jul 16, 2026$0.0721
Jul 9, 2026$0.064
Jul 2, 2026$0.0674
Jun 25, 2026$0.0651
Jun 18, 2026$0.0669

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Jul 25, 2023, AMZY has returned +88.3% with distributions reinvested, against +98.8% for Amazon (AMZN), and has paid out 107.5% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 25.3%. YieldMax estimates that 34% of the distribution paid Sep 11, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.

AMZY (YieldMax(R) AMZN Option Income Strategy ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategysynthetic covered call
BenchmarkAmazon (AMZN)
Paysweekly
Net assets (issuer page, as of Sep 11, 2026)$234m
Latest payout, annualized (ETFIQ)25.3%
Expense ratio (485BPOS XBRL, Feb 24, 2026)1.09%
Cash paid, last 12 months, over today’s price (ETFIQ)51.7%
LaunchedJul 25, 2023
Return of capital, latest distribution (YieldMax 19a-1 estimate)34.0%
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.0513 ex Sep 10, 2026
Sum of the last 12 distributions$0.9733

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. How these figures are computed

Questions people ask

How much has AMZY paid over the last year?
Over the year to Sep 11, 2026, AMZY paid 35.9% of its starting price in cash distributions, while the price fell 30.5%.
Is AMZY ahead of AMZN?
Over the year to Sep 11, 2026, with every distribution reinvested, AMZY returned +7.7% against +11.7% for Amazon (AMZN), so a holder was behind it by 4.0 points.
How often does AMZY pay, and how much?
AMZY pays weekly. The latest distribution annualizes to 25.3% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
Is the AMZY distribution return of capital?
YieldMax estimates 34% of the distribution paid Sep 11, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does AMZY next pay a distribution?
AMZY pays weekly. The last distribution went ex on Sep 10, 2026 at $0.0513 a share. The issuer has set the next ex-date at Sep 16, 2026 but not the amount.
What does AMZY cost?
The prospectus expense ratio is 1.09% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

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.

Compare AMZY

Also against QYLD, XYLD, RYLD, DIVO, GPIX, GPIQ, TSLY, NVDY, MSTY, CONY, ULTY, YMAX, FEPI, XDTE, QDTE, AIPI, BALI, ISPY, APLY, GOOY, MSFO, OARK, SDTY, IVV, QQQ, SCHD, SPY, VOO, VTI, VYM.

Funds near this one

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Where AMZY is written about

AMZY, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
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Open AMZY live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, AMZY, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/amzy Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources