As of Oct 27, 2026. Rebuilt every trading night.
The largest synthetic covered call ETFs
NVDY leads the largest synthetic covered call ETFs at $1.3bn (net assets), as of Oct 27, 2026. 15 funds ranked by net assets. Cash paid and total return are different questions. Several funds here lead the first and trail the last.
Ask IQ about this page
Ask IQ about the largest synthetic covered call ETFs
All 15, highest first
15 of 15 · click a column to sortPoints (pts) are percentage points.
| # | Ticker | Fund | Net assets ↓ | Cash paid, 1Y | Total return, 1Y | Against its benchmark | Pays |
|---|---|---|---|---|---|---|---|
| 1 | NVDY | YieldMax NVDA Option Income Strategy ETF | $1.3bn | 38.5% | +15.4% | +1.3 pts | weekly |
| 2 | CHPY | YieldMax Semiconductor Portfolio Option | $1.3bn | 46.3% | +55.7% | +42.2 pts | weekly |
| 3 | MSTY | YieldMax MSTR Option Income Strategy ETF | $1.0bn | 32.3% | −46.4% | +5.8 pts | weekly |
| 4 | TSLY | YieldMax TSLA Option Income Strategy ETF | $664m | 39.5% | −5.9% | +4.0 pts | weekly |
| 5 | ULTY | YieldMax Ultra Option Income Strategy ET | $622m | 43.6% | −11.5% | +6.7 pts | weekly |
| 6 | AMDY | YieldMax AMD Option Income Strategy ETF | $462m | 64.8% | +83.0% | −32.8 pts | weekly |
| 7 | PLTY | YieldMax PLTR Option Income Strategy ETF | $378m | 40.3% | +6.1% | +1.1 pts | weekly |
| 8 | YMAX | YieldMax Universe Fund of Option Income | $349m | 35.6% | −4.9% | −14.4 pts | weekly |
| 9 | CONY | YieldMax COIN Option Income Strategy ETF | $336m | 31.8% | −47.5% | +7.9 pts | weekly |
| 10 | YMAG | YieldMax Magnificent 7 Fund of Option In | $282m | 32.9% | +5.9% | +1.6 pts | weekly |
| 11 | GDXY | YieldMax Gold Miners Option Income Strat | $268m | 48.1% | +5.2% | −14.6 pts | weekly |
| 12 | MRNY | YieldMax MRNA Option Income Strategy ETF | $222m | 111.4% | +461.6% | −218.5 pts | weekly |
| 13 | AMZY | YieldMax AMZN Option Income Strategy ETF | $218m | 34.6% | +7.4% | −4.1 pts | weekly |
| 14 | GOOY | YieldMax GOOGL Option Income Strategy ET | $215m | 39.3% | +16.0% | −3.4 pts | weekly |
| 15 | GPTY | YieldMax AI & Tech Portfolio Option Inco | $127m | 31.6% | +15.7% | +2.2 pts | weekly |
Where the marker sits left of the bar's end, the fund paid out more than it made.
A synthetic fund holds Treasuries and options rather than the shares themselves, so it takes the option premium without owning what it writes on. ETFIQ measures 91 of them, of which 91 publish net assets.
The rest of the method
Across the funds listed here the cash paid over the last year runs from 31.6% to 111.4%. Size shows where the money is, not what a fund did. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
Cite this pageCitation, APA and Markdown
ETFIQ, The largest synthetic covered call ETFs, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/income-largest-synthetic-covered-call
ETFIQ. (Oct 27, 2026). The largest synthetic covered call ETFs, ranked by net assets. Retrieved from https://etfiq.com/rankings/income-largest-synthetic-covered-call
[The largest synthetic covered call ETFs, ranked by net assets (ETFIQ, Oct 27, 2026)](https://etfiq.com/rankings/income-largest-synthetic-covered-call)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.