YieldMax Universe Fund of Option Income ETFs (YMAX) High-Yield ETF Calculator

Calculate YieldMax Universe Fund of Option Income ETFs total returns with DRIP scenarios, analyze ultra-high dividend yields, and track covered call performance. Specialized tools for income-focused YieldMax ETF investing.

$12.39
$0.00 (0.00%)

Last updated: Market close

YieldMax ETFHigh Yield
15.03%
Forward Yield
Avg. Recent 3
67.48%
TTM Yield
Trailing 12M
$0.4B
Assets
Under Mgmt
0.99%
Expense
Ratio
$21.87
52W High
Price Range
$11.71
52W Low
Price Range

📋 Covered Call Strategy Overview

YMAX employs a synthetic covered call strategy to generate high income distributions. The fund focuses on YieldMax ETFs optionsto collect premiums while maintaining exposure to the underlying assets. Note: High yields come with increased volatility and potential NAV erosion.

YMAX Total Return Performance (With vs Without DRIP)

Available data range: Jan 17, 2024 - Oct 24, 2025
📈

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Performance Analysis Methodology

Data Sources:
  • • Alpha Vantage API for historical prices
  • • Real dividend payment dates and amounts
  • • Actual ex-dividend date pricing
  • • No simulated or estimated data
Calculations:
  • • DRIP assumes reinvestment at market price
  • • Total return includes all distributions
  • • Price return excludes dividend payments
  • • All returns are time-weighted
Price Only
Total Return (No DRIP)
Total Return (DRIP)

Dividend Calculator for YMAX (With or Without DRIP)

Investment Parametersfor YMAX

Adjust parameters for YMAX or modify to see different scenarios.

⚠️ High-Yield ETF

Estimates only. Options-based ETFs like YMAX have variable distributions. Use for planning purposes only.

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$100$10,000$100K
0%67.5%200%
-50%3.0%50%
$0$500$5K
-50%-50.0%50%
1 year20 years50 years

Automatically reinvest dividends

Calculate after-tax returns

YMAX Investment Growth Projection

Projected growth and dividend income after 20 years of investing in YMAX

Total Value

$94,221

Total Dividends

$758,251

Total Contributions

$130,000

Capital Gains

-$794,030

Final Dividend Yield121.9%
Annual Income$114,828

Year-by-Year Breakdown

Detailed breakdown of your investment growth over time

Disclaimer: These calculations are hypothetical projections for educational purposes only. Actual investment returns may vary significantly due to market conditions, dividend changes, and other factors. Not financial advice - consult a qualified advisor before investing.

YMAX Dividend History & Analysis

Complete distribution history with yield calculations and payment tracking

Dividend Data May Be Incomplete

The most recent dividend data appears to be from several months ago.YMAX typically distributes monthly, so recent distributions may not be reflected in this data. This is a known limitation with some financial data providers for YieldMax ETFs.

$0.157
Latest Distribution
10/22/2025
$0.150
Average Distribution
24-Month Average
14.5%
TTM Yield
Trailing 12 Months
$1.79
TTM Total
Per Share
Ex-DatePay DateAmountEx-Div PriceYield
10/22/202510/24/2025$0.157$12.1416.8%
10/15/202510/17/2025$0.174$12.6018.0%
10/9/202510/13/2025$0.147$12.9814.7%
10/2/202510/6/2025$0.140$12.8514.2%
9/25/20259/29/2025$0.082$12.608.5%
9/18/20259/22/2025$0.129$12.8613.0%
9/11/20259/15/2025$0.132$12.6613.6%
9/4/20259/8/2025$0.109$12.5511.3%
8/28/20259/1/2025$0.137$12.8013.9%
8/21/20258/25/2025$0.162$12.5616.8%
8/14/20258/18/2025$0.110$13.1110.9%
8/7/20258/11/2025$0.145$13.1614.4%

Distribution Trends

  • Highest Distribution:$0.215
  • Lowest Distribution:$0.082
  • Distribution Consistency:Variable
  • Payment Schedule:Every 4 Weeks
  • Payment Reliability:Consistent

🔍 Yield Analysis

  • Current Forward Yield:67.5%
  • 6-Month Avg Yield:15.9%
  • Yield Stability:Moderate
  • vs Traditional Dividends:Much Higher

Data Source

  • • Real distribution data from Alpha Vantage API
  • • Historical dividend amounts and ex-dividend dates
  • 24 distributions in our database
  • • Payment dates calculated (ex-date + 2 business days)

Important Notes

  • YMAX pays every 4 weeks (13 times per year)
  • • Ex-dates are Wednesdays, pay dates are Fridays
  • • Distribution amounts vary based on options premium
  • • Some distributions may include return of capital

YMAX "House Money" Calculator

Calculate when distributions equal your initial investment - playing with "house money"

$
807
Shares
@ $12.39/share
$130
Per Week
Est. Distribution
18M
Break Even
Time to House Money
67.48%
Annual Yield
Current Estimate

Distribution Timeline to Break Even

Week 1+$130
$130
1% recovered
Week 2+$130
$260
3% recovered
Week 3+$130
$389
4% recovered
Week 4+$130
$519
5% recovered
Week 5+$130
$649
6% recovered
Week 6+$130
$779
8% recovered
Week 7+$130
$908
9% recovered
Week 8+$130
$1038
10% recovered
Week 9+$130
$1168
12% recovered
Week 10+$130
$1298
13% recovered
Week 11+$130
$1427
14% recovered
Week 12+$130
$1557
16% recovered
Week 15+$130
$1946
19% recovered
Week 18+$130
$2336
23% recovered
Week 21+$130
$2725
27% recovered

⚠️ Important Considerations

  • • Calculations assume current yield remains constant (distributions may vary)
  • • ETF price may decline during holding period, affecting total return
  • • "House money" concept ignores opportunity cost of alternative investments
  • • Tax implications on distributions should be considered
  • • Past performance does not guarantee future results

YMAX Price vs Dividend Relationship

Track how YMAX price movements affect distribution yields over time

Loading price-dividend data...

Recent Data Summary

MonthPriceDistributionYield

Key Relationships

  • Inverse Correlation: As price drops, yield increases
  • Distribution Variability: Payouts fluctuate with market conditions
  • Yield Amplification: Price declines magnify yield percentages
  • Income Consistency: Dollar amounts vary but payments continue

⚠️ Important Considerations

  • • High yields often indicate price depreciation
  • • Focus on total return, not just yield percentage
  • • Distribution cuts can occur during market stress
  • • Options premiums drive distribution amounts

YMAX vs Market Benchmarks

MetricYMAXSPYQQQ
YTD Price Return-12.50%+8.20%+15.10%
YTD Total Return+25.20%+8.20%+15.10%
1-Year Total Return+35.80%+12.50%+18.30%
Current Yield67.48%1.80%0.60%

YMAX Advantages

  • • Ultra-high dividend yield for income investors
  • • Strong total return performance including distributions
  • Weekly income payments
  • • Potential outperformance in sideways markets

Trade-offs vs Index ETFs

  • • Price depreciation vs capital appreciation
  • • Higher volatility and complexity
  • • Tax implications of frequent distributions
  • • Performance depends on options market conditions

YMAX Comparative Performance Chart

Interactive comparison of YMAX total returns vs SPY and QQQ benchmarks

YMAX Distribution Schedule

Weekly DistributionsYieldMax WeeklyEvery 7 days
Weekly distributions every Wednesday-Thursday-Friday
Confirmed schedule based on 65 historical distributions

Distribution Timeline

Declaration
Wednesday
Announcement
Ex-Dividend
Thursday
Record Date
Payment
Friday
Cash Received

Projected Distribution Dates

Next Expected
Ex: 10/30/2025
Pay: 10/31/2025
Week 1
Projected
Ex: 11/6/2025
Pay: 11/7/2025
Week 2
Projected
Ex: 11/13/2025
Pay: 11/14/2025
Week 3
Projected
Ex: 11/20/2025
Pay: 11/21/2025
Week 4
Projected
Ex: 11/27/2025
Pay: 11/28/2025
Week 5
Projected
Ex: 12/4/2025
Pay: 12/5/2025
Week 6
Projected
Ex: 12/11/2025
Pay: 12/12/2025
Week 7
Projected
Ex: 12/18/2025
Pay: 12/19/2025
Week 8
YieldMax Weekly Schedule: YMAX follows YieldMax's weekly distribution schedule with declarations on Wednesday, ex-dividend on Thursday, and payments on Friday. Dates may shift for holidays or market closures. Verify dates on the official YieldMax distribution schedule.

Tax Considerations for High-Yield ETFs

Return of Capital (ROC)

  • YieldMax ETFs often include ROC in distributions
  • ROC reduces your cost basis (not immediately taxable)
  • Final ROC amounts available in year-end tax documents

Income Planning

  • Consider holding in tax-advantaged accounts when possible
  • High distribution frequency may complicate tax planning
  • Consult tax professionals for personalized advice