Key stats
About YieldMax XYZ Option Income Strategy ETF
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Inception date
Oct 10, 2023
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
ISIN
US88634T7660
XYZY aims to generate monthly income while providing exposure to the price returns of the stock, Block, Inc. (XYZ), subject to a cap on potential investment 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. The synthetic long exposure seeks to replicate the price movements of XYZ by purchasing and selling at-the-money call and put options that generally have six-month to one-year terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price 5%-15% above XYZ's current share price. This limits the funds participation in potential gains if XYZ shares increase in value. Lastly, the fund holds cash and short-term Treasury securities as collateral. Note: the fund does not invest directly in shares of Block. Thus, investors are not entitled to any XYZ dividends. Prior to April 1, 2025, the fund was named YieldMax SQ Option Income Strategy ETF with ticker SQY.
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
Bonds, Cash & Other100.00%
Government96.48%
Rights & Warrants1.71%
Mutual fund0.93%
Cash0.87%
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
XYZY top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Bills 0.0% 06-AUG-2026, occupying 25.16% and 21.12% of the portfolio correspondingly.
XYZY last dividends amounted to 0.43 USD. The month before, the issuer paid 0.68 USD in dividends, which shows a 56.73% decrease.
XYZY assets under management is 76.63 M USD. It's fallen 3.76% over the last month.
XYZY fund flows account for 92.73 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, XYZY pays dividends to its holders with the dividend yield of 87.54%. The last dividend (Aug 29, 2025) amounted to 0.43 USD. The dividends are paid monthly.
XYZY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Oct 10, 2023, and its management style is Active.
XYZY expense ratio is 1.44% meaning you'd have to pay 1.44% of your investment to help manage the fund.
XYZY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XYZY invests in bonds.
XYZY price has fallen by −2.26% over the last month, and its yearly performance shows a −48.18% decrease. See more dynamics on XYZY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 15.55% increase in three-month performance and has decreased by −1.66% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 15.55% increase in three-month performance and has decreased by −1.66% in a year.
XYZY trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.