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PLTYYieldMax PLTR Option Income Strategy ETF

Get income1y track recordRanked #977 of 1,650 in this goal

Seeks current income while providing exposure to the share price of Palantir Technologies Inc. (PLTR).

By YieldMax ETFs · Launched 2024

Annual Cost

1.07%

#5,380 of 5,861 · expensive

Fund Size

$317M

#1,938 of 5,861 · large

Dividend YieldGoal

108.99%

Track Record

1 year

#3,779 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$8,192-18.1%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

single-stock bet — holdings shown are derivatives collateral, not diversification

First American Government Obligs XFGXXX
4.5%

Asset allocation

Cash
97.4%
Bonds
32.7%
Other
4.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
44.0%High

Year-on-year price swings

Max drawdown
-41.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks current income while providing exposure to the share price of Palantir Technologies Inc. (PLTR).
Strategy
Employs a synthetic covered call strategy to generate options premiums and provide indirect exposure to PLTR's price returns. The Fund aims to capture a portion of potential gains while managing risk through options contracts and U.S. Treasury securities.
Inception date
October 7, 2024
Fund family
YieldMax ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Critical

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.

Single stock
Warning

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 2026-08-04