GOOYYieldMax GOOGL Option Income Strategy ETF
Seeks current income and indirect exposure to the share price of Alphabet Inc. (GOOGL).
By YieldMax ETFs · Launched 2023
1.14%
#5,438 of 5,854 · expensive
$250M
#2,168 of 5,854 · mid-size
41.55%
3 years
#3,015 of 5,854 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeStrategy
Option income
What it actually holds
By weightConcentration
single-stock bet — holdings shown are derivatives collateral, not diversification
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
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income and indirect exposure to the share price of Alphabet Inc. (GOOGL).
- 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 GOOGL. The Fund does not invest directly in GOOGL and aims to capture a portion of its potential gains.
- Inception date
- July 27, 2023
- Fund family
- YieldMax ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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.
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