Key stats
About YieldMax HOOD Option Income Strategy ETF
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Inception date
May 7, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US88636R4048
HOOY aims to generate monthly income while providing exposure to the price returns of the Robinhood stock (HOOD), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of HOOD by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above HOOD's current share price. This limits participation in potential gains if HOOD shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in HOOD stocks. Thus, investors are not entitled to any HOOD dividends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government104.67%
Cash25.84%
Mutual fund4.90%
Rights & Warrants−35.41%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HOOY top holdings are United States Treasury Bills 0.0% 19-FEB-2026 and United States Treasury Bills 0.0% 11-JUN-2026, occupying 28.33% and 27.92% of the portfolio correspondingly.
HOOY last dividends amounted to 0.45 USD. The week before, the issuer paid 0.46 USD in dividends, which shows a 2.07% decrease.
HOOY assets under management is 133.38 M USD. It's fallen 28.35% over the last month.
HOOY fund flows account for 229.35 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HOOY pays dividends to its holders with the dividend yield of 103.13%. The last dividend (Jan 30, 2026) amounted to 0.45 USD. The dividends are paid weekly.
HOOY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on May 7, 2025, and its management style is Active.
HOOY expense ratio is 0.99% meaning you'd have to pay 0.99% of your investment to help manage the fund.
HOOY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HOOY invests in bonds.
HOOY price has fallen by −22.60% over the last month, and its yearly performance shows a −31.01% decrease. See more dynamics on HOOY price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −17.68% over the last month, showed a −35.20% decrease in three-month performance and has decreased by −17.68% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −17.68% over the last month, showed a −35.20% decrease in three-month performance and has decreased by −17.68% in a year.
HOOY trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.