YRAM YieldMax Memory and Storage Portfolio Option Income ETF
Synthetic covered call on SMH
Since its launch on Aug 25, 2026, YRAM paid 1.6% in cash and finished 3.0 points ahead of SMH.
Key facts
What a holder got
Over the year to Sep 18, 2026, YRAM returned +6.1% with distributions reinvested and Semiconductors (SMH), used as the proxy returned +3.1%, so a holder came out ahead of it by 3.0 points. The lighter segment is the 1.6% that arrived as cash rather than as price.
Period by period
| Window | Cash paid | Price | Total return | SMH | Ahead or behind |
|---|---|---|---|---|---|
| Since launch | 1.6% | +4.5% | +6.1% | +3.1% | +3.0 pts |
When YRAM pays
YRAM pays on no established schedule. The last distribution was $0.3895 a share, which went ex on Sep 16, 2026 and was paid on Sep 17, 2026.
Every distribution ETFIQ holds for YRAM (2, most recent first)
| Ex-date | Amount |
|---|---|
| Sep 16, 2026 | $0.3895 |
| Sep 9, 2026 | $0.4155 |
Every income ETF going ex-dividend in the next fortnight
In plain words
Since it launched on Aug 25, 2026, YRAM has returned +6.1% with distributions reinvested, against +3.1% for Semiconductors (SMH), used as the proxy, and has paid out 1.6% of its starting value in cash along the way. It pays periodically, and at its current price the latest distribution annualizes to 8.8%. YieldMax estimates that 97% of the distribution paid Sep 17, 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.
| Strategy | synthetic covered call |
|---|---|
| Benchmark | Semiconductors (SMH), used as the proxy (proxy) |
| Pays | not established |
| Net assets (issuer page, as of Sep 18, 2026) | $5m |
| Latest payout, annualized (ETFIQ) | 8.8% |
| Expense ratio | not read by ETFIQ |
| Cash paid, last 12 months, over today’s price (ETFIQ) | 1.5% |
| Launched | Aug 25, 2026 |
| Return of capital, latest distribution (YieldMax 19a-1 estimate) | 97.3% |
| Pays | on no established schedule |
| Typical wait from ex-date to payment | 1 day |
| Last paid, per share | $0.3895 ex Sep 16, 2026 |
| Sum of the last 2 distributions | $0.805 |
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 YRAM paid over the last year?
- Over the period from its launch on Aug 25, 2026 to Sep 18, 2026, YRAM paid 1.6% of its starting price in cash distributions, while the price rose 4.5%.
- Is YRAM ahead of SMH?
- Over the period from its launch on Aug 25, 2026 to Sep 18, 2026, with every distribution reinvested, YRAM returned +6.1% against +3.1% for Semiconductors (SMH), used as the proxy, so a holder was ahead of it by 3.0 points.
- How often does YRAM pay, and how much?
- YRAM pays on no established schedule. The latest distribution annualizes to 8.8% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
- Is the YRAM distribution return of capital?
- YieldMax estimates 97% of the distribution paid Sep 17, 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 YRAM next pay a distribution?
- YRAM pays on no established schedule. The last distribution went ex on Sep 16, 2026 at $0.3895 a share.
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.
Compare YRAM
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Cite this page. ETFIQ, YRAM, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/yram Free to use with attribution; the underlying files are at Open data.