YieldMax ETFs — Complete List & Weekly Dividend Schedule

YieldMax distribution groups explained

YieldMax sorts its funds into lettered distribution groups. The letter tells you where a fund sits in the payment rotation: in the monthly series each group pays in a different week of the month, and in the weekly series every fund declares on a rolling weekly cadence, with the ex-date and the payment date one business day apart. Buying on or after the ex-date means you miss that week's payment and wait for the next declaration.

Confirmed ex-dates and payment dates for every fund we track are on the dividend calendar. Model the income from any group with the YieldMax calculator.

The risks, stated plainly

NAV erosion. Selling calls caps the upside while the synthetic long absorbs nearly the full downside. Over a long horizon that asymmetry tends to grind the share price lower, which is why reverse splits recur across the lineup. A 60% distribution rate paid alongside a 50% price decline is not a 60% return.

Return of capital. A meaningful share of many YieldMax distributions is classified as return of capital, meaning part of the "yield" is your own money coming back with your cost basis reduced accordingly. It defers tax rather than avoiding it.

Volatility dependency. The payout is option premium, so it expands in turbulent markets and contracts in calm ones. A yield captured this week is a run rate, not a forecast, and the funds with the largest run rates are the ones most exposed to a single volatile stock.

What makes YieldMax funds different

Two features separate YieldMax from most income ETFs. The first is concentration: each fund is tied to a single company, so its distribution and its drawdown both track one stock's implied volatility rather than a diversified index. That is why the highest yields in the lineup belong to the funds written on the most volatile underlyings. The second is the synthetic structure — the funds hold options rather than the shares themselves, which means they do not receive the underlying's own dividends and their exposure has to be rolled.

Reverse splits are a recurring feature of the lineup rather than an anomaly. When persistent NAV decline pushes a share price low, the fund consolidates shares, which resets the price without changing what you own. Any performance figure that ignores those events is wrong, sometimes by an order of magnitude, so every price series and return figure on this site is split-adjusted and annotated with the split events themselves.

Frequently asked questions