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BRKCYieldMax BRK.B Option Income Strategy ETF

Get income1y track recordRanked #1,488 of 1,650 in this goal

Seeks current income while providing indirect exposure to the share price of Berkshire Hathaway Inc. (BRK.B).

By YieldMax ETFs · Launched 2025

Annual Cost

1.01%

#5,236 of 5,854 · expensive

Fund Size

$9M

#4,914 of 5,854 · small

Dividend YieldGoal

9.13%

Track Record

1 year

#4,338 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,409+4.1%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

single-stock bet — holdings shown are derivatives collateral, not diversification

TREASURY BILL
69.3%
TREASURY BILL
23.0%
First American Government Obli
4.7%
N/A
0.6%
N/A
0.2%
N/A
-0.2%
N/ABRKB 5 C472.5
-0.5%
N/A
-3.7%

Asset allocation

Cash
96.9%
Other
4.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.6%Moderate

Year-on-year price swings

Max drawdown
-7.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks current income while providing indirect exposure to the share price of Berkshire Hathaway Inc. (BRK.B).
Strategy
Actively managed ETF that seeks current income through a synthetic covered call strategy and synthetic covered call spread strategy, generating options premiums while providing indirect exposure to the share price of BRK.B. The Fund does not invest directly in BRK.B and aims to participate in a portion of its potential gains.
Inception date
June 4, 2025
Fund family
YieldMax ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Critical

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Single stock
Warning

A fund-sized fee to own one company

This wraps a single stock, usually with an options overlay on top. You pay 0.50% to 1.00% a year for exposure you could hold directly, and any income comes from selling off your own upside. Owning the share itself costs less and keeps that upside intact.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023) · Israelov & Nielsen, 'Covered Calls Uncovered' (Financial Analysts Journal 2015)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03