# 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 from ETFIQ’s own published data.

Data as of Oct 27, 2026. Rebuilt every trading night.

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.

| # | 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 |

### Method

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. 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.

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### Sources

Links are sources, not endorsements.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: 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
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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