YMAX YieldMax Universe Fund of Option Income ETFs
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Over the year to Oct 28, 2026, YMAX paid 36.1% in cash and lost 4.0% in total, against 10.9% for its holdings.
Promise check: MissedOver the year to Oct 28, 2026, YMAX paid 36.1% in cash and returned −4.0% in total, covering −11.1% of its payout.
YMAX risk and return scorecard
vs YMAX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 23, 2026)
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Oct 27, 2026What you earned
What it paid
13 distributions · latest Oct 28, 2026More on YMAX
Every number below is on this page. Open what you need.Price and total return, 1 year
$7.22+0.1%1 day, priceClose, Oct 28, 2026
Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error
| Window | Total return | Cash paid | Price | its own holdings | Ahead or behind |
|---|---|---|---|---|---|
| 1M Sep 28 – Oct 28, 2026 | −1.6% | 3.8% | −5.4% | +0.7% | −2.3 pts |
| 3M Jul 29 – Oct 28, 2026 | +10.0% | 10.6% | −0.7% | +28.3% | −18.3 pts |
| 6M Apr 29 – Oct 28, 2026 | +10.4% | 22.3% | −12.7% | +25.5% | −15.1 pts |
| YTD Dec 31, 2025 – Oct 28, 2026 | +7.3% | 32.4% | −27.7% | +20.7% | −13.4 pts |
| 1Y Oct 28, 2025 – Oct 28, 2026 | −4.0% | 36.1% | −42.4% | +10.9% | −14.9 pts |
| Since launch Jan 17, 2024 – Oct 28, 2026 | +43.9% | 93.4% | −63.7% | not published | not available |
| Since launch, annualised Jan 17, 2024 – Oct 28, 2026 | +14.0% | – | – | – | – |
Total returns, distributions reinvested. Listed Jan 2024: no 3 years windows.
Source: Tiingo end-of-day prices, with distributions reinvested.
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How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed
YMAX paid 36.1% in cash over the year while its total return was −4.0%, so it paid out more than it returned.
Money in and out
Daily data · as of Oct 27, 2026YMAX: in the 18 trading days to Oct 27, 2026, net $4.7m came in, over 17 of 18 trading days.
Oct 27, 2026
Oct 21, 2026 to Oct 27, 2026
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
monthly, from SEC filings
YMAX, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 3 days and went out on 0 days, of the 17 days with daily data; the other 48 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 3 days, out on 0. 48 days missing.
YMAX, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 3 days and went out on 0 days, of the 17 days with daily data; the other 234 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 3 days, out on 0. 234 days missing.
YMAX, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 3 days and went out on 0 days, of the 17 days with daily data; the other 383 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 3 days, out on 0. 383 days missing.
Daily data starts Oct 2, 2026.
How this is computed
Computed by ETFIQ from YieldMax’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for YMAX, back to Jan 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare YMAX with other funds in the flows tool
Every trading day, last 3 months17 days
Most recent first.
Week by week, last year5 weeks
Net flow into YMAX each week, Oct 2, 2026 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.
Month by month, money in and money outJan 2024 to Oct 2026
YMAX, money in and money out each month from Jan 2024 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from YMAX’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 32 months listed, money came in on net in 21 and went out in 11.
Every bar is from YMAX’s SEC filings (N-PORT item B.6). Of the 32 months listed, money came in on net in 21 and went out in 11.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.
YMAX key stats
YMAX return of capital and tax
Trading
as of Oct 27, 2026
13 distributions for YMAX, $0.0554 to $0.0608 a share and $0.0596 in the middle, Aug 5, 2026 to Oct 28, 2026. 6 further ex-dates are expected with no amount the issuer has declared, so they are not drawn.
YMAX pays weekly. The last distribution was $0.0554 a share, which went ex on Oct 28, 2026, with payment about 1 day later. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Nov 4, 2026; that date is an ETFIQ projection, not the issuer’s.
Expected distributions for YMAX. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.
Cash distributions per share for YMAX. Source: ETFIQ from Tiingo end-of-day distributions.
Source: ETFIQ, from Tiingo end-of-day distributions.
How much of what it paid out did its total return cover?
That is the share of the 164 income ETFs not writing on a single company sitting at or below YMAX.
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.
Total return as a share of the cash paid: −11.1% · 16th pct, −271.3% to 2,166.7% across 164.
About YMAX
How we measure
12 seats on YMAX, as of Oct 28, 2026: 1 Supports, 4 Challenges, 7 Not enough data.
Questions people ask about YMAX
- How much has YMAX paid over the last year?
- Over the year to Oct 28, 2026, YMAX paid 36.1% of its starting price in cash distributions, while the price fell 42.4%.
- Is YMAX ahead of its own holdings?
- Over the year to Oct 28, 2026, with every distribution reinvested, YMAX returned −4.0% against +10.9% for YMAX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026), so a holder was behind it by 14.9 points.
- How often does YMAX pay, and how much?
- YMAX pays weekly. The latest distribution annualizes to 39.9% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
- Is the YMAX distribution return of capital?
- YieldMax estimates 35% of the distribution paid Oct 29, 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 YMAX next pay a distribution?
- YMAX pays weekly. The last distribution went ex on Oct 28, 2026 at $0.0554 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Nov 4, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
- What does YMAX cost?
- The prospectus expense ratio is 1.33% a year.
- How much of YMAX’s distribution is return of capital?
- YieldMax’s Rule 19a-1 notice estimates 35.0% of the distribution paid Oct 29, 2026 was return of capital. Across its notices for distributions paid Oct 30, 2025 to Oct 22, 2026, the estimate is 53.0%. The annual report for the fiscal year to Oct 31, 2025 puts it at 52.8% of distributions. Estimates come before the fund year closes and often change.
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, YMAX, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/ymax
ETFIQ. (Oct 28, 2026). YMAX, income ETFs. Retrieved from https://etfiq.com/funds/ymax
[YMAX, income ETFs (ETFIQ, Oct 28, 2026)](https://etfiq.com/funds/ymax)
The payout bar for YMAX, redrawn every trading night.
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<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/ymax"><img src="https://etfiq.com/assistant/api/embed/income/ymax.svg" alt="YMAX: YMAX over 1 year: paid 36.1%, price −42.4%, total −4.0%, its own holdings +10.9%, −14.9 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">YMAX: YMAX over 1 year: paid 36.1%, price −42.4%, total −4.0%, its own holdings +10.9%, −14.9 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/ymax">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
Snapshot, Oct 28, 2026. More on the tabs above.