YieldMax Universe Fund of Option Income ETFs (YMAX)
| Assets | $446.96M |
| Expense Ratio | 1.28% |
| PE Ratio | n/a |
| Shares Out | 51.85M |
| Dividend (ttm) | $7.08 |
| Dividend Yield | 82.16% |
| Ex-Dividend Date | Feb 25, 2026 |
| Payout Ratio | n/a |
| 1-Year Return | -43.88% |
| Volume | 1,671,878 |
| Open | 8.58 |
| Previous Close | 8.63 |
| Day's Range | 8.54 - 8.66 |
| 52-Week Low | 8.28 |
| 52-Week High | 15.38 |
| Beta | 1.32 |
| Holdings | 50 |
| Inception Date | Jan 16, 2024 |
About YMAX
Fund Home PageThe YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.
Top 10 Holdings
31.79% of assets| Name | Symbol | Weight |
|---|---|---|
| OTHER ASSETS AND LIABILITIES | n/a | 5.13% |
| YieldMax CRCL Option Income Strategy ETF | CRCO | 3.53% |
| First American Government Obligations Fund | FGXXX | 3.40% |
| YieldMax COIN Option Income Strategy ETF | CONY | 2.89% |
| YieldMax SNOW Option Income Strategy ETF | SNOY | 2.86% |
| YieldMax RBLX Option Income Strategy ETF | RBLY | 2.84% |
| YieldMax HOOD Option Income Strategy ETF | HOOY | 2.83% |
| YieldMax NFLX Option Income Strategy ETF | NFLY | 2.81% |
| YieldMax CVNA Option Income Strategy ETF | CVNY | 2.76% |
| YieldMax XYZ Option Income Strategy ETF | XYZY | 2.74% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 25, 2026 | $0.0719 | Feb 26, 2026 |
| Feb 18, 2026 | $0.0778 | Feb 19, 2026 |
| Feb 11, 2026 | $0.0743 | Feb 12, 2026 |
| Feb 4, 2026 | $0.0821 | Feb 5, 2026 |
| Jan 28, 2026 | $0.083 | Jan 29, 2026 |
| Jan 21, 2026 | $0.0824 | Jan 22, 2026 |
News
YieldMax® ETFs Announces Strategic Updates to YMAX, the YieldMax® Universe Fund of Option Income ETFs
NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) -- YieldMax® ETFs today announced upcoming strategic enhancements to the YieldMax® Universe Fund of Option Income ETFs, YMAX. These updates are designed to evo...
YMAX: How We Can Refine The Utility Of This Weekly Paying ETF For 2026
YieldMax Universe Fund of Option Income ETFs is downgraded to hold as net assets and payouts decline sharply. YMAX's high starting yield (~46%) is undermined by severe NAV erosion and a 52.9% drop in ...
The Dark Side Of High-Yield Investing Few Retirees Understand
Many retirees invest in high-yielding funds where the income looks irresistible, but the risk is hiding in plain sight. One overlooked factor can quietly destroy long-term retirement income. There is ...
Yield Mirage: Why ULTY Is A 'Sell' While YMAX Remains A 'Hold'
This article breaks down the 'YieldMax Battle,' exploring whether YMAX's 72% yield is fundamentally safer than ULTY's eye-popping 129%. Despite ULTY's hybrid transformation, the move feels like 'too l...
YMAX: The Magic Reinvestment Number For This Super Yielder
YieldMax Universe Fund of Option Income ETFs (YMAX) offers a 47%+ distribution yield but is unsuitable for capital preservation or risk-averse investors. YMAX requires reinvesting a significant portio...
YMAX: Massive Distribution Paid Weekly, But Significant Erosion Likely To Continue Without Reinvestment
YieldMax Universe Fund of Option Income ETF (YMAX) offers a massive weekly distribution, currently yielding 47.23%, via a fund-of-funds approach targeting volatile single-stock ETFs. However, YMAX's d...
The Blueprint To Navigate Option ETFs Through 2026
I expect S&P 500 and tech-driven indexes to trend higher into 2026, though volatility will persist due to elevated valuations. Index-linked option ETFs with OTM strategies and sustainable yields offer...
WPAY Vs. YMAX: Don't Let The 69% Yield Fool You
WPAY offers weekly payments, with a more balanced risk profile than its competitor YMAX. You will learn the 3 key differences between these ETFs that drove my decision to favor WPAY. WPAY's use of wee...
YMAX: 70%+ Yield? Don't Fall For The Hype
The YieldMax Universe Fund of Option Income ETFs offers a massive 70%+ yield, but faces significant capital erosion. YMAX's aggressive covered call strategy caps upside potential while exposing invest...
Avoid These 3 Dividend Traps Before They Wreck Your Retirement Income
Retiring on dividends requires balancing attractive yields with safety and growth to ensure sustainable, inflation-beating income over time. Many investors are shooting themselves in the foot with the...
WPAY Vs. YMAX: 2 Paths To High Income Through Growth
YieldMax Universe Fund of Option Income ETF and Roundhill WeeklyPay Universe ETF both target high income but use distinct strategies. YMAX employs covered call options on a diverse, growth-oriented po...
YMAX: 'Fund-Of-Funds' Powerhouse
YieldMax Universe Fund of Option Income ETFs has gained popularity for high income and downside risk mitigation via diverse holdings and put overlays. YMAX's NAV erosion concerns have been addressed s...
YieldMax® ETFs Announces Weekly Distributions on ULTY, LFGY, YMAX, YMAG, SLTY, and Others
CHICAGO and MILWAUKEE and NEW YORK, Oct. 14, 2025 (GLOBE NEWSWIRE) -- YieldMax® ETFs today announced distributions for the YieldMax® Group 1 weekly pay ETFs listed in the table below. Group 1 Distribu...
YieldMax® ETFs Announces Transition to Weekly Distributions Across Product Suite
NEW YORK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- YieldMax® ETFs today announced a significant enhancement to its distribution framework, moving all single stock option income ETFs to a weekly distribution ...
YMAX: What's Behind The Record-Low Distribution
YieldMax Universe Fund of Option Income ETFs announced its lowest-ever weekly distribution, reflecting a shift in strategy and ongoing NAV erosion. YMAX's new approach aims to slow NAV decline by part...
Why I Like ULTY But Not Over 50% Yielding YMAX
The YieldMax Universe Fund of Option Income ETFs receives a Sell rating, while the YieldMax Ultra Option Income Strategy ETF is rated Buy. YMAX has outperformed ULTY since ULTY's inception, but its st...
Does Dividend Reinvesting Turn 38%-Yielding YMAX Into A Market-Beater?
YMAX offers a high yield via broad exposure to single-stock covered call ETFs, but suffers from high fees, concentration, and inflexible call selling strategies. Even with reinvested distributions, YM...
YMAX: Recent Key Changes Compel Me To Upgrade
I am upgrading YMAX to a strong buy due to improved management strategies that better preserve net asset value while maintaining high income payouts. YMAX's active options strategies and weekly distri...
YMAX: An Alternative Way To Manage NAV Risk
YMAX offers extremely high yields (40-70%), and introduces the risk of NAV and distribution erosion. The problem isn't just ROC, but the synthetic long with 0DTE covered calls, which makes returns asy...
YMAX's 66% Yield: The Dark Side Of Its Weekly Payouts
YMAX offers high weekly yields and diversification. However, it suffers from several major structural flaws. We detail what these are and share a better way to invest for high income.
YMAX: Patience Will Be Rewarded With Tax-Efficient Income
YieldMax Universe Fund of Option Income ETFs is a fund of funds of synthetic option ETFs. The diversified approach eliminates single-stock risk. The ETF offers weekly distributions with a current esti...
YieldMax® ETFs Announces Distributions on ULTY, TSMY, YBIT, LFGY, YMAX, and Others
CHICAGO and MILWAUKEE and NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) -- YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group A ETFs listed in the table below. ETF Ticker 1 E...
YMAX: A Rare Option Income Fund That Behaves Like Growth
I am upgrading YMAX to Buy after new data shows it outperforms both QQQ and SPY through volatile market cycles while providing strong income. YMAX's unique equal-weighted, growth-tilted, and highly di...
YMAX: This Fund-Of-Funds Could See Sustained Upside
YieldMax Universe Fund of Option Income ETFs has stabilized after severe NAV erosion, now showing an uptrend with technical strength and price above key moving averages. The fund's high yield (around ...
YieldMax® ETFs Announces Distributions on ULTY, TSLY, LFGY, CRSH, YMAX, and Others
CHICAGO and MILWAUKEE and NEW YORK, July 09, 2025 (GLOBE NEWSWIRE) -- YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group A ETFs listed in the table below. ETF Ticker 1 E...