AMZY
YieldMax AMZN Option Income Strategy ETF
AMZY seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
261.3 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Jul 24, 2023 |
| Assets (mns) | $262 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 25.6 % |
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 22.2 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 20.2 % |
| AMZN US 07/18/25 C185 | 10.7 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 10.3 % |
| UNITED STATES TREASURY BILL 06/12/2025 | 10.2 % |
| CASH & OTHER | 2.8 % |
| UNITED STATES TREASURY BILL 11/06/2025 | 0.6 % |
| AMAZON C CLL OPT 05/25 212.500 | 0.1 % |
| AMZN US 05/30/25 C215 | 0.0 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -19.0% | -31.7% | -- | -- | -- | -- | -- | -14.4% |
| Dividend Yield | 9.1% | 36.8% | -- | -- | -- | -- | -- | 37.3% |
| Total Returns | -9.9% | 5.1% | -- | -- | -- | -- | -- | 22.9% |
| Ann. Volatility | 32.0% | 26.6% | -- | -- | -- | -- | -- | 26.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 58% |
| MSCI EAFE | 0.49 | 11% |
| MSCI Emg Mkts | 0.47 | 6% |
Liquidity Measures
| Avg. volume (000) | 217 |
| ADV traded (mns) | $3 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| Recent close | $15.93 |
| 30d moving avg. | $14.94 |
| Annualized volatility | 20.5% |
| Relative strength (RSI) | 53 |
| Short interest | 1.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| AMZY (99 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AMZY | 99.0 | 10.8 | 109.8 |
| Peer Avg. | 90.5 | 32.5 | 123.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .