YIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF (HOOY)

The YIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF (HOOY) is designed to generate income using an option strategy. It is characterized by a very high distribution yield but has experienced a significant decline in its share price over the last year.

What this ETF is trying to do

HOOY uses an option income strategy to create cash payments for investors. Instead of just holding a stock, it uses financial contracts called options. Based on the top holdings, the fund invests in various HOOD options and U.S. Treasury Notes.

What the numbers show

The share price of HOOY has fallen sharply. As of October 7, 2026, the current price is $26.35. An estimated price from roughly one year ago was $76.76.

The performance data shows a big difference between price return and total return:

• One-Year Price Return: -65.67% (This measures only the change in share price).

• One-Year Total Return: -22.21% (This reflects the overall return, including distributions).

• Year-to-Date (YTD) Price Return: -44.44%.

• YTD Total Return: -1.44%.

Income and distribution explanation

HOOY provides very frequent distributions, often paying out on a weekly-like schedule (mostly on Thursdays). It has made 51 payouts in the last 12 months.

The distribution yield is approximately 123.67%. It is important for beginners to know that a high yield alone can be misleading. While the fund pays out a lot of cash, the total return is lower than the yield because the share price has declined.

Price and NAV erosion explanation

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.

However, the fund has a severe erosion-risk flag. This warning was triggered because of a severe price erosion label and an erosion score of 10. This means the share price has deteriorated substantially.

Top Holdings

Holdings can change over time. As of October 8, 2026, the top holdings include:

• Other Assets and Liabilities: 53.31%

• HOOD US 12/19/25 C145: 15.60%

• United States Treasury Notes 3.88%: 9.27%

• Cash Offset: 2.06%

• First American Government Obligs X: 0.32%

Pros

• Provides very frequent cash distributions.

• Offers a very high distribution yield.

Cons

• Significant share-price decline over the last year.

• Severe price erosion-risk flag.

• Income rating grade of "F".

Beginner takeaway

HOOY is a high-income ETF that pays out cash frequently. However, the high distribution yield has not prevented a large drop in the share price. Investors in income funds generally care about principal stability, meaning they want their original investment to stay intact while they collect payments. In this case, the price return has been deeply negative.