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HOOY YieldMax(R) HOOD Option Income Strategy ETF

Synthetic covered call on HOOD, paying weekly

Over the year to Sep 18, 2026, HOOY paid 47.5% in cash and still finished 3.4 points behind HOOD.

YieldMax · Income ETFs · data as of

Key facts

47.5%Cash paid, 1 year, on its starting price
−4.3%Total return, 1 year
−3.4 ptsAgainst HOOD
98.1%Return of capital, latest payout (YieldMax estimate)

Method

ETFIQ Return Stability Score

42.242nd of 64

HOOY paid 47.5% in cash. Its price fell 56.4%, 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 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 ptsCVNY +7.2 ptsTSLY +7.5 ptsCRSH +23.2 ptsAMDW +58.4 ptsFIAT +60.8 ptsWNTR +78.8 ptsHOOY −3.4 ptsHOOY −3.4 pts−218.2 pts+78.8 pts

58.6% of the 64 sit at or below HOOY 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%CVNY −54.5%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%HOOY −56.4%HOOY −56.4%−87.2%+110.0%

25.8% of the 64 sit at or below HOOY 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−3.4 pts58.650%
what happened to the principal−56.4%25.850%

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

88th of 369 income ETFs by net assets

What a holder got

HOOY against HOODHOOY returned −4.3% with distributions reinvested against −0.9% for Robinhood (HOOD), a gap of −3.4 pts. Of that, 47.5% arrived as cash rather than price.−4.3%HOOY total return−0.9%Robinhood (HOOD)

Over the year to Sep 18, 2026, HOOY returned −4.3% with distributions reinvested and Robinhood (HOOD) returned −0.9%, so a holder came out behind it by 3.4 points. The lighter segment is the 47.5% that arrived as cash rather than as price.

Method

Period by period

HOOY over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnHOODAhead or behind
3 months17.5%−12.1%+7.5%+10.8%−3.3 pts
6 months40.5%+1.5%+51.2%+69.0%−17.8 pts
1 year47.5%−56.4%−4.3%−0.9%−3.4 pts
Since launch106.2%−44.9%+75.0%+121.6%−46.6 pts

Method

When HOOY pays

HOOY pays weekly. The last distribution was $0.4063 a share, which went ex on Sep 17, 2026, with payment about 1 day later. The issuer has set the next ex-date at Sep 24, 2026, payable Sep 25, 2026, but has not declared the amount.

Expected distributions for HOOY. 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 24, 2026Sep 25, 2026$0.4063Issuer date, amount not declared
Oct 1, 2026Oct 2, 2026$0.4063Issuer date, amount not declared
Oct 8, 2026Oct 9, 2026$0.4063Issuer date, amount not declared
Oct 15, 2026Oct 16, 2026$0.4063Issuer date, amount not declared
Oct 22, 2026Oct 23, 2026$0.4063Issuer date, amount not declared
Oct 29, 2026Oct 30, 2026$0.4063Issuer date, amount not declared
Every distribution ETFIQ holds for HOOY (13, most recent first)
Cash distributions per share for HOOY. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 17, 2026$0.4063
Sep 10, 2026$0.5849
Sep 3, 2026$0.362
Aug 27, 2026$0.3894
Aug 20, 2026$0.3144
Aug 13, 2026$0.3107
Aug 6, 2026$0.3072
Jul 30, 2026$0.3317
Jul 23, 2026$0.4057
Jul 16, 2026$0.6319
Jul 9, 2026$0.6687
Jul 2, 2026$0.4286
Jun 25, 2026$0.645

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on May 8, 2025, HOOY has returned +75.0% with distributions reinvested, against +121.6% for Robinhood (HOOD), and has paid out 106.2% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 72.6%. YieldMax estimates that 98% 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.

HOOY (YieldMax(R) HOOD Option Income Strategy ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategysynthetic covered call
BenchmarkRobinhood (HOOD)
Paysweekly
Net assets (issuer page, as of Sep 18, 2026)$165m
Latest payout, annualized (ETFIQ)72.6%
Expense ratio (485BPOS XBRL, Feb 24, 2026)0.99%
Cash paid, last 12 months, over today’s price (ETFIQ)108.9%
LaunchedMay 8, 2025
Return of capital, latest distribution (YieldMax 19a-1 estimate)98.1%
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.4063 ex Sep 17, 2026
Sum of the last 12 distributions$5.1415

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 HOOY paid over the last year?
Over the year to Sep 18, 2026, HOOY paid 47.5% of its starting price in cash distributions, while the price fell 56.4%.
Is HOOY ahead of HOOD?
Over the year to Sep 18, 2026, with every distribution reinvested, HOOY returned −4.3% against −0.9% for Robinhood (HOOD), so a holder was behind it by 3.4 points.
How often does HOOY pay, and how much?
HOOY pays weekly. The latest distribution annualizes to 72.6% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
Is the HOOY distribution return of capital?
YieldMax estimates 98% 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.
When does HOOY next pay a distribution?
HOOY pays weekly. The last distribution went ex on Sep 17, 2026 at $0.4063 a share. The issuer has set the next ex-date at Sep 24, 2026 but not the amount.
What does HOOY cost?
The prospectus expense ratio is 0.99% 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.

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Where HOOY is written about

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

How these figures are computed · Standards and sources