# FIAT (YieldMax(R) Short COIN Option Income Strategy ETF)

YieldMax · Income ETFs · data as of Sep 11, 2026

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

## Key facts

- FIAT, cash paid, 1 year, on its starting price: 66.8%, as of Sep 11, 2026.
- FIAT, total return, 1 year: +24.5%, as of Sep 11, 2026.
- FIAT, against COIN: +70.4 pts, as of Sep 11, 2026.
- FIAT, return of capital, latest payout (YieldMax estimate): 95.8%, as of Sep 11, 2026.
- FIAT, net assets: $33m (issuer page, as of Sep 11, 2026).
- FIAT, expense ratio: 1.05% (485BPOS XBRL, Feb 24, 2026).

## FIAT over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | COIN | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 16.7% | −26.8% | −11.4% | +9.7% | −21.1 pts |
| 6 months | 32.6% | −33.0% | −2.2% | −10.4% | +8.2 pts |
| 1 year | 66.8% | −45.3% | +24.5% | −45.9% | +70.4 pts |
| Since launch | 64.3% | −91.6% | −45.2% | −20.2% | −25.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | short single-stock option income | ETFIQ |
| Benchmark | Coinbase (COIN) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $33m | issuer page, as of Sep 11, 2026 |
| Latest payout, annualized | 48.8% | ETFIQ |
| Expense ratio | 1.05% | 485BPOS XBRL, Feb 24, 2026 |
| Cash paid, last 12 months, over today’s price | 122.1% | ETFIQ |
| Launched | Jul 10, 2024 | ETFIQ |
| Return of capital, latest distribution | 95.8% | YieldMax 19a-1 estimate |
| Pays | weekly | ETFIQ |
| Typical gap between ex-dates | 7 days | ETFIQ |
| Typical wait from ex-date to payment | 1 day | ETFIQ |
| Last paid, per share | $0.1577 ex Sep 10, 2026 | ETFIQ |
| Sum of the last 12 distributions | $3.4321 | ETFIQ |

## Questions

### 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.


## Cite this page

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

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