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FIAT YieldMax(R) Short COIN Option Income Strategy ETF

Short single-stock option income on COIN, paying weekly

Over the year to Sep 11, 2026, FIAT paid 66.8% in cash and finished 70.4 points ahead of COIN.

YieldMax · Income ETFs · data as of

Key facts

66.8%Cash paid, 1 year, on its starting price
+24.5%Total return, 1 year
+70.4 ptsAgainst COIN
95.8%Return of capital, latest payout (YieldMax estimate)

Method

ETFIQ Return Stability Score

73.0joint 7th of 61

FIAT paid 66.8% in cash. Its price fell 45.3%, so 68% 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 ptsAMZY −4.0 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 ptsWNTR +94.6 ptsFIAT +70.4 ptsFIAT +70.4 pts−136.8 pts+94.6 pts

97.5% of the 61 sit at or below FIAT 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%AVGW −44.5%FBY −44.3%TSLY −44.2%PLTY −43.6%TQQY −35.3%MSFW −31.5%AMZY −30.5%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%FIAT −45.3%FIAT −45.3%−87.3%+93.7%

48.4% of the 61 sit at or below FIAT 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+70.4 pts97.550%
what happened to the principal−45.3%48.450%

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

1st of 4 income ETFs writing on COIN, by return against it

What a holder got

FIAT against COINFIAT returned +24.5% with distributions reinvested against −45.9% for Coinbase (COIN), a gap of +70.4 pts. Of that, 66.8% arrived as cash rather than price.+24.5%FIAT total return−45.9%Coinbase (COIN)66.8% of it arrived as cash

Over the year to Sep 11, 2026, FIAT returned +24.5% with distributions reinvested and Coinbase (COIN) returned −45.9%, so a holder came out ahead of it by 70.4 points. The lighter segment is the 66.8% that arrived as cash rather than as price.

Method

Period by period

FIAT over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnCOINAhead or behind
3 months16.7%−26.8%−11.4%+9.7%−21.1 pts
6 months32.6%−33.0%−2.2%−10.4%+8.2 pts
1 year66.8%−45.3%+24.5%−45.9%+70.4 pts
Since launch64.3%−91.6%−45.2%−20.2%−25.1 pts

Method

When FIAT pays

FIAT pays weekly. The last distribution was $0.1577 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 17, 2026, payable Sep 18, 2026, but has not declared the amount.

Expected distributions for FIAT. 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 17, 2026Sep 18, 2026$0.1577Date set by the issuer, amount not yet declared
Sep 24, 2026Sep 25, 2026$0.1577Date set by the issuer, amount not yet declared
Oct 1, 2026Oct 2, 2026$0.1577Date set by the issuer, amount not yet declared
Oct 8, 2026Oct 9, 2026$0.1577Date set by the issuer, amount not yet declared
Oct 15, 2026Oct 16, 2026$0.1577Date set by the issuer, amount not yet declared
Oct 22, 2026Oct 23, 2026$0.1577Date set by the issuer, amount not yet declared
Every distribution ETFIQ holds for FIAT (13, most recent first)
Cash distributions per share for FIAT. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 10, 2026$0.1577
Sep 3, 2026$0.2148
Aug 27, 2026$0.2155
Aug 20, 2026$0.31
Aug 13, 2026$0.3057
Aug 6, 2026$0.3558
Jul 30, 2026$0.265
Jul 23, 2026$0.2741
Jul 16, 2026$0.2613
Jul 9, 2026$0.2723
Jul 2, 2026$0.4586
Jun 25, 2026$0.3413
Jun 18, 2026$0.4012

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Jul 10, 2024, FIAT has returned −45.2% with distributions reinvested, against −20.2% for Coinbase (COIN), and has paid out 64.3% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 48.8%. YieldMax estimates that 96% 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.

FIAT (YieldMax(R) Short COIN Option Income Strategy ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategyshort single-stock option income
BenchmarkCoinbase (COIN)
Paysweekly
Net assets (issuer page, as of Sep 11, 2026)$33m
Latest payout, annualized (ETFIQ)48.8%
Expense ratio (485BPOS XBRL, Feb 24, 2026)1.05%
Cash paid, last 12 months, over today’s price (ETFIQ)122.1%
LaunchedJul 10, 2024
Return of capital, latest distribution (YieldMax 19a-1 estimate)95.8%
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.1577 ex Sep 10, 2026
Sum of the last 12 distributions$3.4321

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 FIAT paid over the last year?
Over the year to Sep 11, 2026, FIAT paid 66.8% of its starting price in cash distributions, while the price fell 45.3%.
Is FIAT ahead of COIN?
Over the year to Sep 11, 2026, with every distribution reinvested, FIAT returned +24.5% against −45.9% for Coinbase (COIN), so a holder was ahead of it by 70.4 points.
How often does FIAT pay, and how much?
FIAT pays weekly. The latest distribution annualizes to 48.8% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
Is the FIAT distribution return of capital?
YieldMax estimates 96% 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 FIAT next pay a distribution?
FIAT pays weekly. The last distribution went ex on Sep 10, 2026 at $0.1577 a share. The issuer has set the next ex-date at Sep 17, 2026 but not the amount.
What does FIAT cost?
The prospectus expense ratio is 1.05% 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

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Where FIAT is written about

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

How these figures are computed · Standards and sources