GDXYYieldMax Gold Miners Option Income Strategy ETF
Seeks current income and exposure to the share price of the VanEck Gold Miners ETF (GDX).
By YieldMax ETFs · Launched 2024
1.00%
#4,954 of 5,562 · expensive
$278M
#2,008 of 5,562 · mid-size
72.00%
2 years
#3,578 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 106.0% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income and exposure to the share price of the VanEck Gold Miners ETF (GDX).
- Strategy
- Invests primarily in options strategies related to GDX to generate income while limiting potential investment gains. The Fund aims to provide exposure to gold mining equities through its options strategy.
- Inception date
- May 20, 2024
- Fund family
- YieldMax ETFs
Similar ETFs
Closest matches by profileOur 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
What's next?
You've reviewed GDXY. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19