Highest Yield ETFs
Data as of market close September 16, 2026 — updated every trading day by 8pm ET.
A high-yield ETF is a fund whose distribution rate sits far above the market average, and almost every fund on this list gets there the same way: by selling options against concentrated exposure and paying out the premium. That is a genuine income source, but it comes with a tradeoff you should understand before buying. Option-income funds cap their upside, so when the underlying rallies hard the fund captures only part of the move, while a sharp drawdown is absorbed almost in full. The result is a distribution rate that can print above 50% annualized alongside a share price that grinds lower. Distributions also frequently include return of capital, which lowers your cost basis instead of counting as current income. These funds suit investors who explicitly want cash flow, size positions accordingly, and hold them in tax-advantaged accounts where the tax character matters less. Ranked below by current annualized yield — sort of the opposite of a quality ranking, which is why the score-based list is worth reading too.
| # | Ticker | Name | Yield | Frequency | Price | YTD (price) | AUM |
|---|---|---|---|---|---|---|---|
| 1 | MRNY | YieldMax MRNA Option Income Strategy ETF | 116.26% | weekly | $32.38 | 114.30% | $121.0M |
| 2 | CRCO | YieldMax CRCL Option Income Strategy ETF | 108.96% | weekly | $14.07 | -42.50% | $32.5M |
| 3 | MSTW | Roundhill MSTR WeeklyPay ETF | 105.58% | weekly | $4.14 | -59.45% | $32.7M |
| 4 | SMCY | YieldMax SMCI Option Income Strategy ETF | 101.43% | weekly | $4.92 | -41.53% | $111.0M |
| 5 | MAAY | GraniteShares YieldBOOST MARA ETF | 97.88% | weekly | $5.16 | -65.11% | $2.9M |
| 6 | MSTY | YieldMax MSTR Option Income Strategy ETF | 95.91% | weekly | $14.57 | -51.55% | $709.9M |
| 7 | RTYY | GraniteShares YieldBoost RIOT ETF | 95.11% | weekly | $8.67 | -54.54% | $3.6M |
| 8 | HIYY | YieldMax HIMS Option Income Strategy ETF | 90.39% | weekly | $11.51 | -54.88% | $0.0M |
| 9 | HOOY | YieldMax HOOD Option Income Strategy ETF | 88.14% | weekly | $26.28 | -44.84% | $133.0M |
| 10 | CONY | YieldMax COIN Option Income Strategy ETF | 86.95% | weekly | $19.26 | -52.33% | $311.8M |
| 11 | MARO | YieldMax MARA Option Income Strategy ETF | 86.24% | weekly | $4.03 | -49.69% | $84.5M |
| 12 | COIW | Roundhill COIN WeeklyPay ETF | 85.37% | weekly | $8.47 | -59.14% | $33.3M |
| 13 | HOOW | Roundhill HOOD WeeklyPay ETF | 84.41% | weekly | $26.37 | -45.73% | $145.8M |
| 14 | YSPC | YieldMax SPCX Option Income Strategy ETF | 84.41% | weekly | $45.93 | 1.12% | $0.0M |
| 15 | RGYY | GraniteShares YieldBoost RGTI ETF | 83.79% | weekly | $6.03 | -71.34% | $2.9M |
| 16 | CVNY | YieldMax CVNA Option Income Strategy ETF | 83.27% | weekly | $19.01 | -45.67% | $22.6M |
| 17 | CRY | GraniteShares YieldBOOST CRCL ETF | 82.97% | weekly | $17.73 | -30.90% | $1.0M |
| 18 | GDXY | YieldMax Gold Miners Option Income Strategy ETF | 81.66% | weekly | $10.74 | -32.13% | $213.4M |
| 19 | PLTY | YieldMax PLTR Option Income Strategy ETF | 81.65% | weekly | $34.88 | -28.66% | $316.8M |
| 20 | QBY | GraniteShares YieldBoost QBTS ETF | 79.17% | weekly | $5.78 | -70.83% | $2.8M |
| 21 | CWY | GraniteShares YieldBOOST CRWV ETF | 78.92% | weekly | $16.08 | -37.21% | $0.6M |
| 22 | ULTI | REX IncomeMax Option Strategy ETF | 77.36% | weekly | $6.05 | -59.37% | $39.2M |
| 23 | INYY | YieldMax INTC Option Income Strategy ETF | 77.29% | weekly | $36.39 | -26.62% | $0.0M |
| 24 | IOYY | GraniteShares YieldBOOST IONQ ETF | 76.97% | weekly | $5.81 | -65.46% | $7.0M |
| 25 | SMYY | GraniteShares YieldBOOST SMCI ETF | 75.06% | weekly | $6.00 | -56.27% | $8.7M |
| 26 | HOYY | GraniteShares YieldBOOST HOOD ETF | 74.99% | weekly | $5.05 | -61.92% | $7.0M |
| 27 | AMYY | GraniteShares YieldBOOST AMD ETF | 74.81% | weekly | $13.34 | -41.03% | $9.2M |
| 28 | SEMY | GraniteShares YieldBOOST Semiconductor ETF | 73.45% | weekly | $12.39 | -40.74% | $94.3M |
| 29 | YBIT | YieldMax Bitcoin Option Income Strategy ETF | 72.50% | weekly | $20.17 | -41.11% | $34.7M |
| 30 | SNOY | YieldMax SNOW Option Income Strategy ETF | 72.32% | weekly | $10.97 | -7.66% | $45.3M |
| 31 | HMYY | GraniteShares YieldBoost HIMS ETF | 67.54% | weekly | $6.48 | -64.53% | $0.8M |
| 32 | MUYY | GraniteShares YieldBOOST MU ETF | 67.23% | weekly | $18.90 | -25.26% | $17.6M |
| 33 | WNTR | YieldMax MSTR Short Option Income Strategy ETF | 66.62% | weekly | $18.57 | -51.35% | $81.2M |
| 34 | COYY | GraniteShares YieldBOOST COIN ETF | 66.40% | weekly | $15.52 | -67.51% | $21.1M |
| 35 | AIYY | YieldMax AI Option Income Strategy ETF | 66.23% | weekly | $7.83 | -54.92% | $33.2M |
| 36 | ARMW | Roundhill ARM WeeklyPay ETF | 64.02% | weekly | $38.09 | 37.74% | $25.0M |
| 37 | RBLY | YieldMax RBLX Option Income Strategy ETF | 63.20% | weekly | $10.65 | -63.75% | $3.0M |
| 38 | ULTY | YieldMax Ultra Option Income Strategy ETF | 62.91% | weekly | $25.26 | -32.78% | $895.9M |
| 39 | RDYY | YieldMax RDDT Option Income Strategy ETF | 61.74% | weekly | $16.02 | -58.26% | $0.0M |
| 40 | GDXW | Roundhill Gold Miners WeeklyPay ETF | 61.64% | weekly | $42.02 | -25.86% | $64.1M |
| 41 | NUGY | GraniteShares YieldBOOST Gold Miners ETF | 61.63% | weekly | $12.46 | -43.54% | $7.4M |
| 42 | PLTW | Roundhill PLTR WeeklyPay ETF | 60.74% | weekly | $23.01 | -34.20% | $102.3M |
| 43 | BIOY | GraniteShares YieldBOOST Biotech ETF | 60.69% | weekly | $21.18 | -10.60% | $0.7M |
| 44 | FIAT | YieldMax Short COIN Option Income Strategy ETF | 59.08% | weekly | $17.25 | -35.61% | $34.8M |
| 45 | SLTY | YieldMax Ultra Short Option Income Strategy ETF | 54.92% | weekly | $20.76 | -37.78% | $0.0M |
| 46 | NVII | REX NVDA Growth & Income ETF | 53.18% | weekly | $23.01 | -19.37% | $104.0M |
| 47 | AMDY | YieldMax AMD Option Income Strategy ETF | 52.34% | weekly | $44.62 | 14.65% | $460.6M |
| 48 | PLYY | GraniteShares YieldBOOST PLTR ETF | 52.13% | weekly | $8.60 | -52.30% | $3.1M |
| 49 | YBTY | GraniteShares YieldBoost TopYielders ETF | 50.94% | weekly | $10.81 | -56.42% | $2.5M |
| 50 | DRAY | YieldMax DKNG Option Income Strategy ETF | 50.24% | weekly | $14.40 | -53.31% | $4.3M |
YTD is price-only and split-adjusted (close-to-close) and excludes distributions. See the methodology page.
How to read a very high yield
A yield above roughly 25% almost never comes from corporate dividends. It comes from selling options, and the size of the payout is a direct function of how expensive those options were — which is another way of saying how risky the underlying is. That makes the headline number a volatility reading as much as an income reading. When implied volatility collapses, the distribution shrinks with it, so the yield you buy today is not the yield you receive next quarter.
The second thing to check is the composition of the payment. Option-income funds routinely classify part of each distribution as return of capital, which is not income at all — it is your own money coming back, and it lowers your cost basis instead of being taxed as a dividend. That is why a fund can pay out 70% annualized while its net asset value grinds steadily lower, and why total return, not distribution rate, is the only figure that tells you whether you actually made money.
Practical way to use this page: treat it as a screen, not a shortlist. Start at the top for candidates, then open each fund page to look at the split-adjusted price history, the distribution consistency and the total return since inception. Pair it with the score-based ranking, which weights NAV protection and stability alongside yield.
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Open the ETF yield calculatorFrequently asked questions
What is the highest yielding ETF right now?
The top of this list changes week to week because option-income funds set their distribution from the premium they collected in the previous week, and premium moves with implied volatility. The table on this page is rebuilt from live data, so the fund in position one is the highest current annualized yield we track.
Are high yield ETFs a good investment?
They are a cash-flow tool, not a growth tool. A 60% distribution rate paired with a 40% price decline is a negative total return, so the only honest test is total return over your holding period. High-yield option-income ETFs suit investors who explicitly want income, size the position accordingly, and hold it in a tax-advantaged account.
How is ETF yield calculated?
On this site annualized yield is the most recent distribution multiplied by its frequency (52 for weekly funds) and divided by the current share price. That is a run rate based on current conditions rather than a forecast or a trailing twelve-month figure.
Why do high yield ETFs lose value?
Covered-call and option-income funds cap their upside by selling calls, so they capture only part of a rally while absorbing most of a drawdown. Distributions also frequently include return of capital, which pays you back your own principal and mechanically lowers net asset value.
What is the risk of a 50% yield ETF?
A distribution rate that high almost always signals extreme volatility in the underlying and a payout partly funded from capital. The realistic risks are steep NAV erosion, falling distributions when volatility subsides, and a tax character that is mostly ordinary income or return of capital.