OARKYieldMax Innovation Option Income Strategy ETF
Seeks current income while providing indirect exposure to the share price of the ARK Innovation ETF.
By YieldMax ETFs · Launched 2022
Annual Cost
1.19%
#5,577 of 6,062 · expensive
Fund Size
$48M
#3,798 of 6,062 · mid-size
Return (1Y)
+7.2%
Track Record
3 years
#2,810 of 6,062 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,794+7.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 104.1% of fundconcentrated
TREASURY BILL
34.0%
TREASURY BILL
27.2%
TREASURY BILL
16.7%
N/A
10.7%
TREASURY BILL
9.7%
First American Government Obli
3.2%
TREASURY BILL
2.3%
N/A
0.3%
N/A
0.0%
N/A
0.0%
Asset allocation
Bonds
63.4%
Cash
34.5%
Stocks
1.4%
Other
0.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
29.5%High
Year-on-year price swings
Max drawdown
-35.5%Severe
Worst peak-to-trough loss
Sharpe (3Y)
0.48Below average
Sortino (3Y)
0.67Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income while providing indirect exposure to the share price of the ARK Innovation ETF.
- 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 ARK Innovation ETF's share price returns. Invests in U.S. Treasuries for collateral and income generation.
- Inception date
- November 22, 2022
- Fund family
- YieldMax ETFs
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-19