AMDY
YieldMax AMD Option Income Strategy ETF
weekly DividendsWhat AMDY is and how it pays
AMDY is YieldMax's covered call fund on AMD, the direct YieldMax-side equivalent to Roundhill's AMDW. The fund takes synthetic exposure to AMD, sells weekly calls, and distributes the premium collected.
AMDY's tracked AUM makes it one of the larger YieldMax funds, which typically reflects strong retail demand from investors who prefer the YieldMax brand or distribution cadence. Like AMDW, AMDY has benefited from AMD's upward price movement alongside maintained volatility, making it one of the YieldMax funds with better NAV behavior than the more volatile single-stock funds in the lineup.
Investors who hold or are evaluating both AMDY and AMDW should review the AMDW vs AMDY comparison page, which covers yield, YTD price, distribution history and total return on a normalized basis.
Key facts: Issuer: YieldMax · Strategy: Single-stock covered call on AMD · Underlying: YieldMax AMD Option Income Strategy · Distribution frequency: weekly · Tracked AUM: $460.6M · Inception: 2023-09-18
Who this is for: Income investors wanting AMD option premium via the YieldMax structure, with meaningful AUM for liquidity.
Main risk: AMD's volatility is lower than MSTR or COIN-based funds, so distributions are more moderate but more consistent.
Related: All YieldMax ETFs · AMDW vs AMDY comparison · YieldMax calculator
AMDY Quick Stats
AMDY Distribution History Trend
AMDY has paid 68 weekly distributions on record since inception (2023-09-18). The average distribution over the trailing 12 periods is $0.64 per share. The highest distribution was $1.03 (week of 2026-10-08) and the lowest was $0.38 (week of 2026-09-10). Distribution variance of $0.65 reflects how sensitive the option premium on YieldMax AMD Option Income Strategy's underlying exposure is to market volatility — richer weeks follow volatility spikes, thinner weeks follow calm markets.
AMDY vs AMDW
AMDY and AMDW both target AMD exposure with weekly distributions. AMDY is the larger fund by AUM, but both track the same underlying and move with it.
Fund Overview
AMDY — YieldMax AMD Option Income Strategy ETF — is a weekly-distribution ETF issued by YieldMax that generates income by selling call options against AMD exposure. The fund targets investors seeking high-frequency cash flow from AMD exposure without holding the underlying directly. Distributions are paid weekly, with the ex-dividend date typically falling on a Thursday. The current annualized yield of 108.90% is calculated from the most recent weekly distribution of $0.8934 per share divided by the current share price of $42.66 and multiplied by 52. As with all option-income funds, the distribution rate reflects current implied volatility in AMD options — when volatility falls, distributions typically shrink. The fund has $460.6 million in assets under management and has returned 9.61% on a price basis year-to-date, excluding distributions.
Compared to similar YieldMax funds, AMDY ranks 1 out of 57 by current yield and 2 out of 57 by year-to-date price performance.
Annual Yield Calculations
Both figures start from the same per-period rate: the average of the last 3 distributions ($0.89) divided by the current price ($42.66) = 2.094% per week. The non-DRIP yield annualizes it simply; the DRIP yield compounds it over 52 periods.
WeeklyYield™ Actual Performance
How YTD & performance are calculated: YTD returns shown across WeeklyYield are price-only, using split-adjusted close-to-close prices from the first trading day of the calendar year to the latest close — the same method your brokerage uses. Dividends are tracked separately in the yield figures above. "Actual Non-DRIP" and "Actual DRIP" add distributions back in to show total return since the earliest price we have on record (2025-10-16 at $47.80), using the same 53 distributions in both — non-DRIP collects them as cash, DRIP buys shares at each ex-date close. See full methodology →
Top Performer Score
Price History (1 Year)
About This ETF
The YieldMax AMD Option Income Strategy ETF (AMDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Advanced Micro Devices, Inc. stock (AMD) through a synthetic covered call strategy, collateralized by cash and US Treasurys AMDY was launched on Sep 18, 2023 and is issued by YieldMax.
How AMDY Generates Income
AMDY generates weekly income by selling call options on AMD or a synthetic equivalent. When the fund sells a call option, it collects a premium from the buyer — this premium is what funds the weekly distribution. The tradeoff is that the fund caps its upside: if AMD rallies sharply above the strike price, the fund does not fully participate in that gain. In a flat or declining market the income generation continues while the fund absorbs price losses similar to holding the underlying. The size of the weekly distribution directly reflects implied volatility in AMD options at the time the options were written — higher volatility means more expensive options and larger distributions, lower volatility means smaller ones. This makes the distribution variable week to week rather than fixed.
Distribution Composition and Tax Considerations
Not all of AMDY's weekly distributions represent taxable income. Option-income funds frequently classify part of each distribution as return of capital (ROC), which is not taxable in the year received but reduces your cost basis in the fund. When your cost basis reaches zero, subsequent ROC distributions become taxable as capital gains. The exact composition of each distribution — ordinary income, qualified dividends, short-term capital gains, long-term capital gains, and return of capital — is reported annually on Form 1099-DIV and may not be known until after the tax year ends. Holding AMDY in a tax-advantaged account (IRA, Roth IRA, 401k) eliminates the annual tax complexity entirely and is the approach most income-focused investors use for high-distribution funds.
Educational information only — not tax advice. See our after-tax dividend calculator to model your own situation.
Dividend History
| Ex-Dividend Date | Cash Amount | Pay Date |
|---|---|---|
| 2026-10-15 | $0.66770 | 2026-10-16 |
| 2026-10-08 | $1.02540 | 2026-10-09 |
| 2026-10-01 | $0.98710 | 2026-10-02 |
| 2026-09-24 | $0.77910 | 2026-09-25 |
| 2026-09-17 | $0.39060 | 2026-09-18 |
| 2026-09-10 | $0.37630 | 2026-09-11 |
| 2026-09-03 | $0.48680 | 2026-09-04 |
| 2026-08-27 | $0.48430 | 2026-08-28 |
| 2026-08-20 | $0.60940 | 2026-08-21 |
| 2026-08-13 | $0.56360 | 2026-08-14 |
| 2026-08-06 | $0.67540 | 2026-08-07 |
| 2026-07-30 | $0.63090 | 2026-07-31 |
AMDY has paid 12 weekly distributions over the past 12 weeks. The average weekly distribution over this period was $0.6397 per share. The highest distribution in the trailing 12 weeks was $1.0254 (ex-date 2026-10-08) and the lowest was $0.3763 (ex-date 2026-09-10). Distribution consistency — the variance between the highest and lowest payment — is one indicator of underlying volatility stability. High variance suggests the fund's income generation is sensitive to volatility swings in AMD options.
Latest AMDY News
- AMDY declares $0.6677 weekly distribution — ex-date 2026-10-15, payment date 2026-10-16Distribution announcement · 2026-10-15
- AMDY declares $1.0254 weekly distribution — ex-date 2026-10-08, payment date 2026-10-09Distribution announcement · 2026-10-08
- AMDY declares $0.9871 weekly distribution — ex-date 2026-10-01, payment date 2026-10-02Distribution announcement · 2026-10-01
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Frequently Asked Questions About AMDY
AMDY pays weekly dividends. Its most recent ex-dividend date was 2026-10-15 with a pay date of 2026-10-16.
AMDY has paid an average of $0.8934 per share across its most recent 3 distributions. Its latest distribution was $0.6677 per share.
AMDY's current annualized yield is 108.90%. This is calculated as the average of its last 3 distributions ($0.8934) divided by the current share price of $42.66, annualized over 52 periods. Reinvesting those distributions (DRIP) compounds the same rate: (1 + rate)^52 − 1.
Covered call and option-income ETF distributions vary week to week. AMDY's actual total return figures on the fund's WeeklyYield page show total return net of NAV changes; high distribution rates can coincide with NAV decline, so investors should compare yield to actual total return before drawing conclusions. This is educational information, not investment advice.
Option-income ETF distributions are generally treated as ordinary income or return of capital, depending on the fund's structure and the underlying options strategy. For AMDY's exact tax character, refer to the fund issuer's 19a-1 notices and year-end 1099-DIV. This is not tax advice.
More detail on how these numbers are calculated is on our methodology page.