ETF Report: SOFI ENHANCED YIELD ETF (THTA)

What this ETF is trying to do

The SOFI ENHANCED YIELD ETF, which trades under the ticker THTA on the NYSE, is an exchange-traded fund designed to provide investors with income. It focuses on generating a higher yield for its holders.

What the numbers show

As of July 10, 2026, the current price of one share is $15.6186. Looking at how the price has moved, the one-year price return is 3.6747%. When you include the money paid out to investors, the one-year total return is 16.1566%.

So far this year (Year-to-Date), the price has gone up by 2.6189%, while the total return is 8.2534%. To see how price changes affect money, imagine you invested $10,000 into this ETF at its estimated price from 12 months ago ($15.065). Before any distributions were paid, your $10,000 would have grown to approximately $10,367 based on the one-year price return.

Income and distribution explanation

This ETF is known for paying out regular income. Over the last 12 months, it made 12 payments, which means it usually pays out monthly. The total amount of distributions paid over the last year was $1.7306 per share. This results in a distribution yield of 11.0804%.

It is important to remember that a high yield alone can be misleading. A very high percentage might look attractive, but it does not tell the whole story about the health of the fund.

NAV erosion explanation

"NAV erosion" happens when the value of the underlying assets in the ETF drops, causing the share price to fall over time. If an ETF's price collapses, it can destroy your principal (the original money you put in).

However, THTA has an erosion score of 94, which is labeled as "Stable / sideways." This means it does not show signs of severe erosion. Income investors usually prefer ETFs that go sideways or move slightly up rather than ones that collapse in price. This is because if the share price drops too much, any gains from the monthly payments might be lost to the falling price.

Pros

• It provides a high distribution yield of 11.0804%.

• The total return over one year (16.1566%) shows growth when including distributions.

• The erosion level is considered "good" and stable.

Cons

• The price itself does not grow very quickly (the one-year price return is only 3.6747%).

• High yields can sometimes hide risks that are not immediately obvious.

Beginner takeaway

THTA is an ETF that focuses on monthly income. While the yield is high, it is important to look at both the distributions and the share price movement together to see how much total value you are actually gaining.