Summary
YMAX Chart
YMAX's 1.33% Fee Is Just the Start: How a Fund-of-Funds Structure Is Quietly Stacking Costs on Top of Costs
If you bought YieldMax Universe Fund of Option Income ETFs (NYSEARCA:YMAX) for its eye-catching weekly paycheck, the paycheck is shrinking.
YMAX Vs TOPW: Covered Calls Win The Slow Grind, Leverage Needs Sustained Melt-Up
YMAX remains a relative Buy, while TOPW is a stronger Hold after recent strategy shifts. YMAX's upside capture is now more dependent on higher volatility and slower market rebounds, while TOPW's leverage advantage is eroded in volatile or choppy regimes. YMAX de-risks capital faster, returning ~23.8% of cost in 30 weeks versus TOPW's ~19%, though both experience NAV erosion from high payouts.
YMAX: 60% Yield, Income Chaser's Delight
YieldMax Universe Fund of Option Income ETFs seeks high income via complex options strategies on a portfolio of YieldMax ETFs. YMAX charges a total expense ratio of 1.33%, combining its own 0.29% fee with underlying fund costs. Despite a headline yield near 60%, most distributions are return of capital, with total return since inception at only 17.49%.
YieldMax Universe Fund of Option Income ETFs Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 7,503 | $89,064.98 | $58,110.73 | -$30,954.25 | -34.75% |
| WDW William Dudley Webb Jr. WORLD EQUITY GROUP Inc. | 22,163 | $207,214.16 | $172,760.58 | -$34,453.58 | -16.63% |
 Andrew Endelman Independent Wealth Network Inc. | 16,468 | $195,492.78 | $128,203.38 | -$67,289.4 | -34.42% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 5 | $66.8 | $39.12 | -$27.68 | -41.44% |
 Matthew B. Boersen Straight Path Wealth Management | 29,308 | $400,168.73 | $228,162.78 | -$172,005.95 | -42.98% |
YieldMax Universe Fund of Option Income ETFs (YMAX) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
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Has YieldMax Universe Fund of Option Income ETFs ever had a stock split?
YieldMax Universe Fund of Option Income ETFs Profile
| ARCA Exchange | US Country |
Overview
The fund operates as a “fund of funds,” which is a distinctive investment strategy primarily focused on investing in a collection of other Exchange-Traded Funds (ETFs) rather than directly in the stocks of individual corporations. This approach allows the fund to leverage the performance and strategies of various underlying funds, providing investors with a diversified investment option. Occasionally, the fund may also directly invest in the securities and financial instruments that one or more of the Underlying YieldMax™ ETFs are invested in, though it typically remains focused on ETF investments. Importantly, the fund is classified as non-diversified, implying that it may commit a larger portion of its assets into single or a limited number of investments, potentially increasing the risk and return profile compared to more diversified alternatives.
Products and Services
- ETF Portfolios:
The primary service offered by the fund is the management of portfolios comprised of a diverse range of ETFs. By investing in multiple ETFs, the fund aims to provide investors with a balanced and diversified portfolio, mitigating the risks associated with investing in individual securities.
- Direct Investments:
In addition to its ETF-focused investment strategy, the fund occasionally makes direct investments in securities and financial instruments. These investments are typically made in assets in which the Underlying YieldMax™ ETFs invest, allowing the fund to potentially enhance its returns by directly engaging in opportunities identified through its ETF investments.
