YMAG
YieldMax Magnificent 7 Fund of Option Income ETFs
YMAG is a fund-of-funds that invests in seven single-stock ETFs that aim to provide current income and capped gains on the underlying stocks through a covered call writing strategy.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
298.2 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Jan 29, 2024 |
| Assets (mns) | $299 |
| Expense ratio | 29 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| YIELDMAX MSFT OPTION INCOME STRATEGY ETF | 15.1 % |
| YIELDMAX AAPL OPTION INCOME STRATEGY ETF | 14.5 % |
| YIELDMAX GOOGL OPTION INCOME STRATEGY ETF | 14.5 % |
| YIELDMAX AMZN OPTION INCOME ETF | 14.0 % |
| YIELDMAX TSLA OPTION INCOME ETF | 13.9 % |
| YIELDMAX NVDA OPTION INCOME STRATEGY ETF | 12.8 % |
| YIELDMAX META OPTION INCOME STRATEGY ETF | 12.8 % |
| CASH & OTHER | 2.4 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -12.8% | -19.3% | -- | -- | -- | -- | -- | -14.6% |
| Dividend Yield | -2.3% | 19.3% | -- | -- | -- | -- | -- | 17.3% |
| Total Returns | -15.1% | -- | -- | -- | -- | -- | -- | 2.7% | Ann. Volatility | 21.3% | 19.5% | -- | -- | -- | -- | -- | 19.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 408 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $14.69 |
| 30d moving avg. | $14.60 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 6.9% |
| Short interest (underlying) | 0.0% |
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 |
| YMAG (29 bp) Percentile rank | 1 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| YMAG | 29.0 | 6.6 | 35.6 |
| Peer Avg. | 90.6 | 32.4 | 123.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .