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Sunday, August 23, 2026The Morning Brief →Sign in
TSLYYIELDMAX TSLA OPTION INCOME STRATEGY ETF

YIELDMAX TSLA OPTION INCOME STRATEGY ETF

$22.65+2.67% today
204852-WK
Price & daily flows
42.334.426.522.65DAILY NET FLOWAug 25Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$4.1B OVER THIS RANGE

The desk’s read

Money keeps arriving — +$7M of net buying over the past month, about 1.1% of the fund's asset base, while the price has returned -37.7% so far this year.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$664Massets under management
expense ratio
+$7Mnet flow, trailing month
555Kavg daily volume, 30 days
7holdings · US-domiciled
2023listed November 30, 2023 · beta 1.88
The book at a glance
17.0%23.1%21.6%24.1%14.8%364801926.4%1.9%1.6%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1United States Treasury Bill 09/03/202617.00%
2United States Treasury Bill 10/15/202623.06%
3United States Treasury Bill 12/10/202621.61%
4US TREASURY N/B 2.375 5/15/202724.07%
5United States Treasury Bill 02/18/202714.81%
636191612361916120.30%
724174437241744370.12%
836480192364801926.38%
934873988348739880.07%
1035823415358234150.44%
1136191600361916000.05%
12Cash & Other1.85%
13First American Government Obligations Fund 12/01/20311.64%
Sector weights
Government105.33%
Other100%
Cash0.08%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other100%
Cash4.08%
United States2.46%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+3.6%
1 month+6.3%
3 months-25.7%
6 months-31.7%
YTD-37.7%
1 year-42.9%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$13M
1 month+$7M
3 months+$46M
YTD+$3M
1 year−$4.1B

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
25%realized volatility, 30 days (annualized)
42%realized volatility, 1 year
-57.5%deepest fall from a peak, 1 year
-53.1%where it sits vs. that peak today

The top holding is 24.1% of the book; the top ten carry 111%. Spread across 13+ names, it behaves like roughly 6 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
37calls today
218puts today
5.89put/call ratio
588Kshares traded
The case against TSLY

Due diligence cuts both ways. These funds sit on the same shelf and beat TSLY on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
JEPQ JPMorgan Nasdaq Equity Premium Income ETF0.35%$41.9B+$1.1B63× the assets · +$1.1B in over the monthHead-to-head
HYG iShares iBoxx $ High Yield Corporate Bond ETF0.49%$17.9B+$1.4B27× the assets · +$1.4B in over the monthHead-to-head
HDV iShares Core High Dividend ETF0.08%$15.1B+$209M23× the assets · +$209M in over the monthHead-to-head
IDV iShares International Select Dividend ETF0.51%$8.6B+$97M13× the assets · +$97M in over the monthHead-to-head
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF0.59%$6.9B+$1B10× the assets · +$1B in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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