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YQQQYieldMax Short N100 Option Income Strategy ETF

Get income1y track recordRanked #1,373 of 1,650 in this goal

Seeks current income and inverse exposure to the Nasdaq 100 Index.

By YieldMax ETFs · Launched 2024

Annual Cost

1.11%

#5,427 of 5,854 · expensive

Fund Size

$16M

#4,616 of 5,854 · small

Dividend YieldGoal

15.92%

Track Record

1 year

#3,649 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$9,561-4.4%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Option income

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 98.6% of fundconcentrated

TREASURY BILL
23.5%
TREASURY BILL
22.0%
TREASURY BILL
16.6%
TREASURY BILL
13.0%
First American Government Obli
12.8%
TREASURY BILL
10.2%
N/AQQQ 6 P600
0.6%
N/A
0.0%
N/A
0.0%
N/A
0.0%

Asset allocation

Cash
80.8%
Bonds
25.5%
Other
0.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.3%Moderate

Year-on-year price swings

Max drawdown
-29.1%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 inverse exposure to the Nasdaq 100 Index.
Strategy
Actively managed ETF that seeks current income while providing indirect inverse exposure to the Nasdaq 100 Index. Utilizes a synthetic covered put strategy to generate options premiums and manage potential losses from the Index's performance.
Inception date
August 14, 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

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Data updated on 2026-08-03