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QDTYYieldMax(R) Nasdaq 100 0DTE Covered Call Strategy ETF

Get income1y track recordRanked #1,429 of 1,650 in this goal

Seeks current income and capital appreciation.

By YieldMax ETFs · Launched 2025

Annual Cost

1.17%

#5,468 of 5,854 · expensive

Fund Size

$47M

#3,709 of 5,854 · mid-size

Dividend YieldGoal

15.60%

Track Record

1 year

#4,073 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,037+20.4%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 98.6% of fundconcentrated

N/A
93.9%
N/A
2.7%
First American Government Obli
1.9%
TREASURY BILL
0.1%

Asset allocation

Stocks
184.3%
Bonds
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.5%Moderate

Year-on-year price swings

Max drawdown
-23.5%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks current income and capital appreciation.
Strategy
Actively managed ETF employing a synthetic covered call strategy to generate weekly cash distributions from options premiums while providing exposure to the Nasdaq 100 Index. Invests in call options referencing the Index and short-term U.S. Treasury securities for income generation.
Inception date
February 12, 2025
Fund family
YieldMax ETFs

Our take

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

Covered call
Warning

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 2026-08-03