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Wednesday, August 19, 2026The Morning Brief →Sign in
ULTYYield Max Option Strategy ETF

YieldMax Ultra Option Income Strategy ETF

$26.50-1.71% today
255852-WK
Price & daily flows
51.041.732.426.50DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET −$24.6B OVER THIS RANGE

The desk’s read

Money is leaving — −$58M walked out over the past month, about 7.7% of the fund's asset base, while the price has returned -29.4% so far this year.

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

$752Massets under management
expense ratio
−$58Mnet flow, trailing month
519Kavg daily volume, 30 days
0holdings · US-domiciled
2024listed June 18, 2024 · beta 1.39
The book at a glance
MELI+7.3%FIX-2.6%LRCX-6.3%BABA+0.5%CAT-3.0%NVDA-1.0%AMD-3.8%GOOGL+0.2%LITE-5.1%PLTR+2.1%FIGR+3.7%GDX+9.4%ADI-1.0%SHOP+0.0%SILJ+9.5%COHR-6.1%ALAB-4.6%TMDX+3.2%SPCX-2.6%CIEN-1.3%RDDT-4.0%HOOD+4.6%MSTR+12.6%PWR-3.0%SCCO+3.4%DELL-6.6%

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1MELIMERCADOLIBRE4.71%$1909.45+7.3%
2FIXCOMFORT SYSTEMS USA4.60%$1694.61-2.6%
3LRCXLAM RESEARCH4.68%$307.22-6.3%
4BABAALIBABA4.36%$128.87+0.5%
5CATCATERPILLAR4.34%$815.26-3.0%
6NVDANVIDIA4.19%$217.63-1.0%
7AMDADVANCED MICRO DEVICES4.29%$466.37-3.8%
8GOOGLALPHABET4.10%$344.81+0.2%
9LITELUMENTUM HOLDINGS4.23%$828.39-5.1%
10PLTRPALANTIR3.91%$175.12+2.1%
11FIGRFigure Technology Solutions3.81%$36.84+3.7%
12GDXVANECK GOLD MINERS ETF3.59%$97.33+9.4%
13ADIANALOG DEVICES3.90%$373.19-1.0%
14SHOPSHOPIFY3.84%$146.61+0.0%
15SILJETFMG PRIME JUNIOR SILVER MINERS ETF3.38%$31.39+9.5%

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Sector weights
Technology45.05%
Information Technology32.05%
Financials24.26%
Financial Services22.8%
Consumer Discretionary22%
Healthcare15.02%
Real Estate7.22%
Energy4.07%
Consumer Cyclical4.05%
Industrials0.69%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States99.91%
Hong Kong5.41%
Germany2.57%
Switzerland0.05%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.5%
1 month-2.3%
3 months-14.8%
6 months-23.1%
YTD-29.4%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$3M
1 month−$58M
3 months+$28M
YTD−$102M
1 year−$24.6B

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)
24%realized volatility, 1 year
-56.3%deepest fall from a peak, 1 year
-54.3%where it sits vs. that peak today

The top holding is 4.7% of the book; the top ten carry 43%. Spread across 58+ names, it behaves like roughly 28 equally-weighted positions.

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

Options tape
33calls today
118puts today
3.58put/call ratio
385Kshares traded
Most-traded holdings, options premiumBullishBearish
NVDA NVIDIA$346M$381M
AMD ADVANCED MICRO DEVICES$245M$278M
SPCX Space Exploration Technologies Corp$124M$141M
MSTR MICROSTRATEGY$143M$121M
PLTR PALANTIR$92M$87M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against ULTY

Due diligence cuts both ways. These funds sit on the same shelf and beat ULTY 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+$1.1B56× the assets · +$1.1B in over the monthHead-to-head
HYG iShares iBoxx $ High Yield Corporate Bond ETF0.49%$17.9B+$1.4B24× the assets · +$1.4B in over the monthHead-to-head
HDV iShares Core High Dividend ETF0.08%$15B+$214M20× the assets · +$214M in over the monthHead-to-head
IDV iShares International Select Dividend ETF0.51%$8.6B+$97M11× the assets · +$97M in over the monthHead-to-head
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF0.59%$6.9B+$1B9× 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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