Share-split context: A reverse split was recorded on Dec 2, 2025 with coefficient 0.1. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

CRSH: YIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF

CRSH is an ETF designed to use an option income strategy focused on a single stock. It is also an "inverse" ETF, which means it is built to move in the opposite direction of its target. This fund is notable for having a very high distribution yield and frequent payouts.

What this ETF is trying to do

CRSH is a single-stock ETF that uses options to try to create income. Because it is an "inverse" fund, its strategy is tied to the opposite movement of Tesla (TSLA) stock. It also aims to provide regular cash distributions to investors through its option strategy.

What the numbers show

The numbers for CRSH show a big difference between the share price and the total return.

• One-Year Performance: The one-year price return was -37.53%, meaning the share price dropped significantly. However, the one-year total return was +12.28%.

• Year-to-Date (YTD) Performance: The YTD price return is -27.13%, while the YTD total return is +11.90%.

These numbers show that while the actual price of a single share has gone down, the total return—which includes the cash distributions paid out to investors—has been positive over these periods.

Top Holdings:

As of August 2026, the fund's top holding is FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX), which makes up 10.58% of the portfolio. Please note that holdings can change over time.

Income and distribution explanation

CRSH is known for very frequent distributions. Over the last 12 months, it had 51 payouts, which is described as a "weekly-like" frequency. The trailing distributions were $11.33 per share.

The distribution yield is 60.03%. It is important to understand that a very high distribution yield does not mean an investor earned that same percentage as their total return. High yields can sometimes exist even when the share price is falling.

NAV erosion explanation

A "severe erosion-risk flag" has been triggered for this ETF. This means that StockValueFinder's rules detected significant price deterioration and a weak erosion score. The fund has an erosion score of 30, which is labeled as "Significant price erosion."

The fund also has a history of a reverse split. On December 2, 2025, a reverse split occurred where multiple old shares were combined into fewer new shares. This caused the quoted per-share price to rise mechanically, but this increase did not restore lost investment value.

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Pros

• Positive Total Returns: Despite falling share prices, the total return (including distributions) has been positive for both the one-year and YTD periods.

• Frequent Income: The fund provides very frequent, weekly-like cash distributions.

Cons

• Share-Price Decline: The ETF has experienced significant price deterioration, with the share price falling over 37% in the last year.

• Erosion Risk: The fund carries a severe erosion-risk flag and a high score for price erosion.

• Reverse Split History: The history of reverse splits can be a structural warning sign.

Beginner takeaway

When looking at CRSH, it is important to distinguish between the share price and the total return. While the price of the shares has dropped significantly, the cash distributions have helped keep the total return in positive territory. However, the high distribution yield and the severe erosion-risk flag suggest that the share price has faced significant downward pressure.