YieldMax Universe Fund of Option Income ETFs

Rather than pick a single option-income ETF, YMAX buys the whole YieldMax lineup and lets them work together. It is a fund of funds, holding roughly two dozen YieldMax products that each sell call options against stocks like Palantir and AMD to spin out premium income. The portfolio is rebalanced monthly toward the funds showing better recent momentum, and it pays distributions weekly, which is the main draw for the yield-hunting buyers it targets. Tidal Investments advises the fund, which opened in January 2024. The trade-off is baked into the strategy: writing calls caps how much any holding can gain in a rally, and the headline yield mixes option premium with return of capital rather than steady business profits. All-in costs run above 1%.

On MyRWA, YMAX trades tokenized across 1 on-chain venue - see the listings below.