{"url":"https://etfiq.com/questions/what-is-an-option-income-etf","section":"questions","title":"What is an option income ETF? | ETFIQ","description":"A fund that holds an index or a single stock, sells options against it, and pays out what those options earned. ETFIQ tracks 377 of them.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What is an option income ETF?","acceptedAnswer":{"@type":"Answer","text":"A fund that holds an index or a single stock, sells options against it, and pays out what those options earned. ETFIQ tracks 377 of them. The payout is the point and it is not the whole story: over the year to Nov 4, 2026, 81 of the 264 with a full year finished ahead of their benchmark once the cash and the price are counted together."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Questions","item":"https://etfiq.com/questions/"},{"@type":"ListItem","position":3,"name":"What is an option income ETF?","item":"https://etfiq.com/questions/what-is-an-option-income-etf"}]},{"@type":"WebPage","name":"What is an option income ETF?","description":"A fund that holds an index or a single stock, sells options against it, and pays out what those options earned. ETFIQ tracks 377 of them.","url":"https://etfiq.com/questions/what-is-an-option-income-etf","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4557,"truncated":false,"content":"ETFIQ / Questions / What is an option income ETF? \n \n Answered from ETFIQ data as of Nov 4, 2026 .\n What is an option income ETF?\n A fund that holds an index or a single stock, sells options against it, and pays out what those options earned. ETFIQ tracks 377 of them. The payout is the point and it is not the whole story: over the year to Nov 4, 2026, 81 of the 264 with a full year finished ahead of their benchmark once the cash and the price are counted together.\n Selling an option is selling away the upside above a level in exchange for a premium today. In a flat or gently falling market that trade pays well. In a strong rally it caps you out. The fund then holds an asset that rose less than the one it is written on, while the cash keeps arriving.\n So a big payout rate cannot be read on its own. A fund paying 40% a year whose price fell 35% has handed a holder back their own money and called it income. Total return counts the cash and the price together, and says what happened.\n Part of a distribution can also be return of capital: the fund giving back principal, not paying out earnings. ETFIQ reads that from each fund's own 19a-1 notice where the issuer files one, and prints it beside the payout.\n On ETFIQ today\n Ticker Fund Issuer Cash paid 1Y Price change 1Y Total return 1Y Ahead or behind \n MRNY YieldMax MRNA Option Income Strategy ETF YieldMax 125.5% +208.2% +625.8% \u2212362.1 pts \n WNTR YieldMax MSTR Short Option Income Strategy ETF YieldMax 72.4% \u221254.8% +2.3% +13.9 pts \n AMDW Roundhill AMD WeeklyPay ETF Roundhill 69.7% +7.2% +102.0% +6.5 pts \n FIAT YieldMax Short COIN Option Income Strategy ETF YieldMax 69.2% \u221234.4% +40.5% +20.1 pts \n ARMW Roundhill ARM WeeklyPay ETF Roundhill 68.7% \u221245.9% +9.3% \u221210.0 pts \n AMDY YieldMax AMD Option Income Strategy ETF YieldMax 66.3% \u221218.1% +68.0% \u221227.5 pts \n CVNY YieldMax CVNA Option Income Strategy ETF YieldMax 58.6% \u221237.6% +27.6% +2.4 pts \n AMYY GraniteShares YieldBOOST AMD ETF GraniteShares 57.5% \u221253.2% +9.5% \u221286.0 pts \n IOYY GraniteShares YieldBOOST IONQ ETF GraniteShares 55.5% \u221279.6% \u221239.8% +4.9 pts \n GDXW Roundhill Gold Miners WeeklyPay ETF Roundhill 53.9% \u221227.7% +20.3% \u22124.5 pts \n USOY Defiance Oil Enhanced Options Income ETF Defiance 51.6% \u22124.8% +56.0% \u221246.2 pts \n SMYY GraniteShares YieldBOOST SMCI ETF GraniteShares 50.5% \u221276.0% \u221230.7% +6.9 pts \n RDYY YieldMax RDDT Option Income Strategy ETF YieldMax 49.5% \u221274.5% \u221244.4% +1.3 pts \n TSYY GraniteShares YieldBOOST TSLA ETF GraniteShares 49.1% \u221268.0% \u221224.7% \u221211.4 pts \n CHPY YieldMax Semiconductor Portfolio Option Income ETF YieldMax 48.9% \u22126.0% +44.3% +29.5 pts \n GDXY YieldMax Gold Miners Option Income Strategy ETF YieldMax 48.8% \u221237.3% +7.1% \u221217.7 pts \n CRCO YieldMax CRCL Option Income Strategy ETF YieldMax 47.6% \u221269.7% \u221226.4% +5.2 pts \n MAAY GraniteShares YieldBOOST MARA ETF GraniteShares 47.6% \u221284.4% \u221251.7% +7.0 pts \n NVYY GraniteShares YieldBOOST NVDA ETF GraniteShares 47.3% \u221256.9% \u221213.1% \u221214.1 pts \n CRSH YieldMax Short TSLA Option Income Strategy ETF YieldMax 46.7% \u221238.8% +7.7% +13.1 pts \n ULTY YieldMax Ultra Option Income Strategy ETF YieldMax 46.0% \u221255.5% \u221212.4% +4.4 pts \n BBYY GraniteShares YieldBOOST BABA ETF GraniteShares 45.9% \u221264.1% \u221227.0% +8.3 pts \n SLTY YieldMax Ultra Short Option Income Strategy ETF YieldMax 45.6% \u221252.9% \u221210.1% not available \n COYY GraniteShares YieldBOOST COIN ETF GraniteShares 44.7% \u221283.8% \u221254.9% \u22124.2 pts \n HOYY GraniteShares YieldBOOST HOOD ETF GraniteShares 44.3% \u221281.7% \u221249.6% \u221213.5 pts \n \n Where to next\n Sources\n Rule 19a-1 distribution notices and prospectus filings on SEC EDGAR SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, What is an option income ETF?, data as of Nov 4, 2026. https://etfiq.com/questions/what-is-an-option-income-etf Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, What is an option income ETF?, data as of Nov 4, 2026. https://etfiq.com/questions/what-is-an-option-income-etf APA ETFIQ. (Nov 4, 2026). What is an option income ETF?. Retrieved from https://etfiq.com/questions/what-is-an-option-income-etf Markdown [What is an option income ETF? (ETFIQ, Nov 4, 2026)](https://etfiq.com/questions/what-is-an-option-income-etf)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, What is an option income ETF?, data as of Nov 4, 2026. https://etfiq.com/questions/what-is-an-option-income-etf"}