YQQQ: YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF

The YQQQ ticker represents the YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF. This is an inverse option income ETF. This means it uses options to try and create income while moving in the opposite direction of its target index.

What the numbers show

As of September 23, 2026, the current price of YQQQ is $9.42. An estimated price from roughly one year ago was $12.97. This shows that the share price has declined over the last year.

When looking at performance, it is important to look at two different numbers:

• Price Return: This only tracks the change in the share price. The one-year price return was -27.34%, and the year-to-date (YTD) price return was -22.47%.

• Total Return: This includes both the share price changes and the cash distributions paid out. The one-year total return was -0.52%, and the YTD total return was -1.79%.

Because the total return is much higher than the price return, it shows that the cash payments helped offset some of the losses from the falling share price.

Income and distribution explanation

YQQQ is designed to provide frequent cash payments. The distribution yield is 37.52%, which is very high. Over the last 12 months, the fund made 50 distributions. This is described as a "frequent" or "weekly-like" payout schedule. Most of these payments occurred on Thursdays. The trailing distributions for the period were $3.53 per share.

It is important to remember that a high distribution yield does not mean an investor earned that same percentage as a total return.

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 data does show significant price erosion. The ETF has a severe erosion-risk flag, and its erosion score is 30. This score is labeled as "significant price erosion," meaning the market price of the shares has been dropping noticeably.

Pros

• High Income Potential: The fund offers a very high distribution yield of 37.52%.

• Frequent Payouts: Investors receive cash very often, with a weekly-like frequency.

Cons

• Falling Share Price: The ETF has experienced significant price deterioration.

• Negative Returns: Both the one-year and YTD total returns have been negative.

• Erosion Risk: A severe erosion-risk flag is active due to the declining price trend.

Top Holdings

The following are the top holdings for this ETF (as of October 10, 2026). Please note that holdings can change over time:

• INVESCO QQQ TRUST: 14.51%

• FIRST AMERICAN GOVERNMENT OBLIGS X: 10.66%

Beginner takeaway

YQQQ provides very frequent and high cash distributions. However, these payments have been accompanied by a significant decline in the share price. While the cash income helps improve the total return, the overall value of the investment has still decreased over the past year.