# PYPY (YieldMax(R) PYPL Option Income Strategy ETF)

YieldMax · Income ETFs · data as of Oct 2, 2026

Over the year to Oct 2, 2026, PYPY paid 30.6% in cash and finished 2.9 points behind PYPL.

## Key facts

- PYPY, cash paid, 1 year, on its starting price: 30.6%, as of Oct 2, 2026.
- PYPY, total return, 1 year: −25.4%, as of Oct 2, 2026.
- PYPY, against PYPL: −2.9 pts, as of Oct 2, 2026.
- PYPY, return of capital, latest payout (YieldMax estimate): 90.6%, as of Oct 2, 2026.
- PYPY, net assets: $13m (issuer page, as of Oct 2, 2026).
- PYPY, expense ratio: 1.31% (485BPOS XBRL, Feb 24, 2026).

## PYPY over each window to Oct 2, 2026

| Window | Cash paid | Price | Total return | PYPL | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 15.6% | −3.0% | +11.2% | +16.4% | −5.2 pts |
| 6 months | 25.1% | −14.7% | +9.9% | +17.1% | −7.2 pts |
| 1 year | 30.6% | −54.2% | −25.4% | −22.5% | −2.9 pts |
| 3 years | 88.4% | −74.6% | −3.8% | −6.8% | +3.1 pts |
| Since launch | 86.5% | −75.2% | −5.8% | −9.4% | +3.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | synthetic covered call | ETFIQ |
| Benchmark | PayPal (PYPL) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $13m | issuer page, as of Oct 2, 2026 |
| Latest payout, annualized | 31.7% | ETFIQ |
| Expense ratio | 1.31% | 485BPOS XBRL, Feb 24, 2026 |
| Cash paid, last 12 months, over today’s price | 66.9% | ETFIQ |
| Launched | Sep 26, 2023 | ETFIQ |
| Return of capital, latest distribution | 90.6% | 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 | $0.1514 ex Oct 1, 2026 | ETFIQ |
| Sum of the last 12 distributions | $3.7855 | ETFIQ |

## Money in and out, to Oct 2, 2026

| Window | Dates | Net flow |
| --- | --- | --- |
| 1 day | Oct 2, 2026 | $0 |
| 1 week | Oct 2, 2026 | $0 |
| 1 month | Oct 2, 2026 | $0 |
| 3 months | Oct 2, 2026 | $0 |
| Year to date | Oct 2, 2026 | $0 |
| 1 year | Oct 2, 2026 | $0 |

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: https://etfiq.com/data/flows/funds/pypy.json. Method: https://etfiq.com/methodology/flows

## Questions

### How much has PYPY paid over the last year?

Over the year to Oct 2, 2026, PYPY paid 30.6% of its starting price in cash distributions, while the price fell 54.2%.

### Is PYPY ahead of PYPL?

Over the year to Oct 2, 2026, with every distribution reinvested, PYPY returned −25.4% against −22.5% for PayPal (PYPL), so a holder was behind it by 2.9 points.

### How often does PYPY pay, and how much?

PYPY pays weekly. The latest distribution annualizes to 31.7% at its price on Oct 2, 2026, which is not a promise; the next one can differ.

### Is the PYPY distribution return of capital?

YieldMax estimates 91% of the distribution paid Oct 2, 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 PYPY next pay a distribution?

PYPY pays weekly. The last distribution went ex on Oct 1, 2026 at $0.1514 a share. The issuer has set the next ex-date at Oct 8, 2026 but not the amount.

### What does PYPY cost?

The prospectus expense ratio is 1.31% a year.


## Cite this page

ETFIQ, PYPY, data as of Oct 2, 2026. https://etfiq.com/funds/pypy
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/pypy  ·  JSON: https://etfiq.com/funds/pypy.json