OARKYieldMax Innovation Option Income Strategy ETF
Seeks current income.
By YieldMax ETFs · Launched 2022
1.00%
#4,965 of 5,573 · expensive
$54M
#3,522 of 5,573 · mid-size
62.21%
3 years
#2,872 of 5,573 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 109.0% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income.
- Strategy
- Actively managed ETF seeking current income while providing indirect exposure to the share price of the Underlying Security. Employs synthetic covered call strategies to generate options premiums and participate in potential gains.
- Inception date
- November 22, 2022
- Fund family
- YieldMax ETFs
Similar funds
Closest matches by profileOur 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.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
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 2026-06-20