Skip to content

YMAGYieldMax Magnificent 7 Fund of Option Income ETFs

Get income2y track recordRanked #947 of 1,650 in this goal

Seeks current income.

By YieldMax ETFs · Launched 2024

Annual Cost

1.34%

#5,649 of 5,861 · expensive

Fund Size

$293M

#2,016 of 5,861 · mid-size

Dividend YieldGoal

37.89%

Track Record

2 years

#3,336 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,145+11.5%

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

Top 8 holdings = 98.6% of fundconcentrated

YieldMax GOOGL Option Income S
15.6%
Yieldmax Amzn Option Income ETF
14.3%
YieldMax AAPL Option Income Strategy ETF
14.1%
Yieldmax Tsla Option Income ETF
13.8%
YieldMax MSFT Option Income Strategy ETF
13.8%
YieldMax NVDA Option Income Strategy ETF
13.7%
Yieldmax Meta Option Income Strategy ETF
12.8%
First American Government Obli
0.5%

Asset allocation

Cash
76.1%
Bonds
26.0%
Other
2.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.4%Moderate

Year-on-year price swings

Max drawdown
-26.0%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
NYSE Arca

Full fund details

Objective
Seeks current income.
Strategy
Actively managed fund of funds primarily investing in the shares of seven YieldMax ETFs, each seeking current income. The Fund employs options strategies to generate income and provide exposure to the underlying securities' share price returns.
Inception date
January 29, 2024
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

What's next?

You've looked at YMAG. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

Data updated on 2026-08-04