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YETHRoundhill Ether Covered Call Strategy ETF

Get income1y track recordRanked #1,133 of 1,622 in this goal

Seeks current income and exposure to ether price returns via ETFs.

By Roundhill Investments · Launched 2024

Annual Cost

0.96%

#4,788 of 5,562 · expensive

Fund Size

$67M

#3,296 of 5,562 · mid-size

Dividend YieldGoal

126.04%

Track Record

1 year

#3,768 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$6,817-31.8%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 8 holdings = 98.7% of fundconcentrated

TREASURY BILL
97.8%
N/A
3.4%
N/AETHA 1 C22
1.5%
First American Government Obli
0.7%
N/AETHA 1 C23
-0.1%
N/A
-0.3%
N/AETHA 1 P22
-0.9%
N/A
-3.3%

Asset allocation

Cash
97.1%
Other
2.7%
Stocks
0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
58.1%High

Year-on-year price swings

Max drawdown
-64.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income and exposure to ether price returns via ETFs.
Strategy
Invests primarily in ETFs that provide exposure to ether. The Fund is actively managed, focusing on current income while navigating the volatility of ether markets.
Inception date
September 3, 2024
Fund family
Roundhill Investments

Our take

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

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

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