FIVYYieldMax Dorsey Wright Hybrid 5 Income ETF
The index uses the Nasdaq Dorsey Wright Relative Strength Matrix methodology (the “Dorsey Wright methodology”) to select the securities included in the index. The fund manager will typically hold ten index constituents, investing 40% of its assets in the five underlying securities and 60% of its assets in the five YieldMax™ ETFs included in the index. The fund is non-diversified.
YieldMax ETFs · Since 2024 (1 year)
0.70%
#3347 out of 5,332 ETFs
$5M
#4849 out of 5,332 ETFs
54.85%
1 year
#4099 out of 5,332 ETFs
Performance
1 Year
-1.6%
3 Years
N/A
5 Years
N/A
What's inside
Asset allocation
Top holdings
Risk profile
29.5%
High
-32.8%
Worst peak-to-trough loss
N/A
N/A
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05