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CVNY YieldMax(R) CVNA Option Income Strategy ETF

Synthetic covered call on CVNA, paying weekly

Over the year to Sep 18, 2026, CVNY paid 50.6% in cash and finished 7.2 points ahead of CVNA.

YieldMax · Income ETFs · data as of

Key facts

50.6%Cash paid, 1 year, on its starting price
−6.7%Total return, 1 year
+7.2 ptsAgainst CVNA
0.0%Return of capital, latest payout (YieldMax estimate)

Method

ETFIQ Return Stability Score

60.219th of 64

CVNY paid 50.6% in cash. Its price fell 54.5%, so 100% 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
AMYY −218.2 ptsMRNY −148.8 ptsAMDY −76.2 ptsDIPS −43.1 ptsNVYY −20.9 ptsXOMO −19.9 ptsTQQY −19.6 ptsAZYY −19.3 ptsAPLY −17.0 ptsCOYY −16.3 ptsGOOP −14.1 ptsMARO −13.2 ptsMSTW −12.2 ptsHOOW −11.0 ptsCOIW −10.7 ptsTSMY −10.3 ptsPLTW −9.3 ptsGMEY −8.7 ptsTSLW −8.3 ptsGOOY −8.0 ptsNFLW −7.9 ptsAMZP −7.3 ptsMETW −7.1 ptsAAPY −7.0 ptsTSYY −6.8 ptsMSFW −6.5 ptsMSFY −6.4 ptsXYZY −6.4 ptsHCOW −6.3 ptsYSPY −6.3 ptsAVGW −5.6 ptsNFLP −5.1 ptsAMZW −4.0 ptsSMCY −3.9 ptsAMZY −3.8 ptsSNOY −3.8 ptsBRKW −3.7 ptsHOOY −3.4 ptsAIYY −3.3 ptsTSLP −3.2 ptsFBY −2.7 ptsNVDW −1.4 ptsBRKC −1.3 ptsPYPY −1.2 ptsDRAY −0.7 ptsNVDY −0.2 ptsRBLY +0.9 ptsTSII +1.1 ptsGOOW +1.4 ptsMSFO +2.1 ptsNVII +2.5 ptsAAPW +2.6 ptsBABO +4.2 ptsNFLY +4.4 ptsPLTY +4.6 ptsCONY +5.1 ptsMSTY +5.3 ptsRDYY +5.5 ptsTSLY +7.5 ptsCRSH +23.2 ptsAMDW +58.4 ptsFIAT +60.8 ptsWNTR +78.8 ptsCVNY +7.2 ptsCVNY +7.2 pts−218.2 pts+78.8 pts

91.4% of the 64 sit at or below CVNY on this measure.

What happened to the principal
COYY −87.2%MSTW −85.9%RBLY −81.9%MSTY −79.7%COIW −77.9%MARO −77.0%AIYY −73.3%DRAY −73.2%RDYY −72.9%CONY −70.2%TSYY −70.1%SMCY −66.5%NFLW −65.0%BABO −57.9%HOOW −57.4%NFLY −57.3%HOOY −56.4%NFLP −54.5%TSLW −54.2%GMEY −52.7%PYPY −52.7%NVYY −52.3%TSII −51.4%XYZY −51.4%WNTR −51.3%PLTW −50.7%TSLY −49.5%DIPS −47.3%METW −46.9%FIAT −45.5%PLTY −45.2%FBY −44.9%AMYY −44.7%AZYY −42.9%AVGW −42.1%CRSH −39.8%TQQY −35.4%TSLP −34.5%MSFW −33.1%AMZY −32.0%MSFO −29.9%AMZW −27.6%MSFY −25.4%YSPY −25.0%SNOY −24.8%NVDW −22.8%NVDY −22.3%NVII −21.1%BRKW −16.9%GOOY −16.6%BRKC −15.6%AMZP −14.6%APLY −11.3%XOMO −10.0%TSMY −8.1%GOOW −3.7%HCOW −0.3%AAPW +7.9%GOOP +8.5%AAPY +19.2%AMDY +28.6%MRNY +93.6%AMDW +110.0%CVNY −54.5%CVNY −54.5%−87.2%+110.0%

28.9% of the 64 sit at or below CVNY on this measure.

Weighted evenly, those two positions are what the score combines, across the 64 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+7.2 pts91.450%
what happened to the principal−54.5%28.950%

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

What a holder got

CVNY against CVNACVNY returned −6.7% with distributions reinvested against −13.9% for Carvana (CVNA), a gap of +7.2 pts. Of that, 50.6% arrived as cash rather than price.−6.7%CVNY total return−13.9%Carvana (CVNA)

Over the year to Sep 18, 2026, CVNY returned −6.7% with distributions reinvested and Carvana (CVNA) returned −13.9%, so a holder came out ahead of it by 7.2 points. The lighter segment is the 50.6% that arrived as cash rather than as price.

Method

Period by period

CVNY over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnCVNAAhead or behind
3 months17.4%−17.1%−0.3%−2.2%+1.9 pts
6 months39.2%−20.9%+16.7%+15.7%+1.0 pts
1 year50.6%−54.5%−6.7%−13.9%+7.2 pts
Since launch85.3%−63.5%+32.1%+33.5%−1.4 pts

Method

In plain words

Since it launched on Jan 30, 2025, CVNY has returned +32.1% with distributions reinvested, against +33.5% for Carvana (CVNA), and has paid out 85.3% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 63.0%. YieldMax estimates that 0% of the distribution paid Sep 18, 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.

CVNY (YieldMax(R) CVNA Option Income Strategy ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategysynthetic covered call
BenchmarkCarvana (CVNA)
Paysweekly
Net assets (issuer page, as of Sep 18, 2026)$21m
Latest payout, annualized (ETFIQ)63.0%
Expense ratio (485BPOS XBRL, Feb 24, 2026)1.09%
Cash paid, last 12 months, over today’s price (ETFIQ)111.1%
LaunchedJan 30, 2025
Return of capital, latest distribution (YieldMax 19a-1 estimate)0.0%

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 CVNY paid over the last year?
Over the year to Sep 18, 2026, CVNY paid 50.6% of its starting price in cash distributions, while the price fell 54.5%.
Is CVNY ahead of CVNA?
Over the year to Sep 18, 2026, with every distribution reinvested, CVNY returned −6.7% against −13.9% for Carvana (CVNA), so a holder was ahead of it by 7.2 points.
How often does CVNY pay, and how much?
CVNY pays weekly. The latest distribution annualizes to 63.0% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
Is the CVNY distribution return of capital?
YieldMax estimates 0% of the distribution paid Sep 18, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
What does CVNY 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.

Funds near this one

Where CVNY is written about

CVNY, Income ETFs, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from 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.
Use this data, or open the live card

Open CVNY live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, CVNY, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/cvny Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources