Why do some ETFs yield 40% or more?

Extremely high yields almost always come from options-income (covered-call) funds, which convert market volatility into large distributions — often at the cost of long-run price appreciation. The yield is real but the total return can lag.

Browse all

Highest-Yield ETFs

How This List Is Built

ETFs ranked by trailing twelve month distribution yield, using live prices.

We compute each fund’s trailing twelve month distribution yield from its payment history and live price, then rank highest first. A very high yield often signals an options-income strategy — check the fund before assuming it’s “safe” income.

Frequently Asked Questions

Why do some ETFs yield 40% or more?: Extremely high yields almost always come from options-income (covered-call) funds, which convert market volatility into large distributions — often at the cost of long-run price appreciation. The yield is real but the total return can lag.

S&P 500 Futures

Nasdaq 100 Futures

Dow Futures

Highest-Yield ETFs

Data as of Aug 9, 2026prices update during market hours (15-min delayed)all figures in USD

Rank	Fund		Distribution				30D
1	YieldMax MSTR Option Income Strategy ETFMSTY	296.75%	Weekly	0.99%	$12.55	−2.11%$0.27
2	Bitwise Funds TrustICOI	292.08%	Monthly	0.96%	$10.37	+0.10%$0.01
3	Federated Hermes International Growth Fund Class ISPIGDX · Mutual fund	290.41%	Annual	0.85%	$4.50	+0.00%$0.00
4	Bitwise Funds TrustIMST	249.72%	Monthly	0.96%	$7.23	+0.56%$0.04
5	GraniteShares YieldBOOST MSTR ETFMTYY	246.57%	Weekly	1.07%	$18.11	−1.33%$0.24
6	GraniteShares YieldBOOST TSLA ETFTSYY	237.19%	Weekly	3.11%	$20.37	+0.21%$0.04
7	GraniteShares YieldBOOST HOOD ETFHOYY	234.34%	Weekly	1.07%	$5.11	+0.69%$0.03
8	YieldMax MARA Option Income Strategy ETFMARO	229.62%	Weekly	1.00%	$4.03	−4.28%$0.18
9	Roundhill Investments - COIN WeeklyPay ETFCOIW	228.79%	Weekly	0.99%	$7.56	−4.55%$0.36
10	CoinShares Bitcoin and Ether ETFBTF	218.56%	Quarterly	1.27%	$17.27	+3.27%$0.55
11	GraniteShares YieldBOOST SMCI ETFSMYY	216.87%	Weekly	1.07%	$6.22	+1.04%$0.06
12	YieldMax SMCI Option Income Strategy ETFSMCY	208.90%	Weekly	1.01%	$4.75	+0.64%$0.03
13	GraniteShares YieldBOOST MARA ETFMAAY	187.78%	Weekly	1.07%	$5.57	−0.46%$0.03
14	GraniteShares YieldBOOST IONQ ETFIOYY	185.54%	Weekly	1.07%	$6.72	−0.61%$0.04
15	GraniteShares YieldBOOST Bitcoin ETFXBTY	183.70%	Weekly	—	$5.52	−0.36%$0.02
16	YieldMax COIN Option Income Strategy ETFCONY	169.72%	Weekly	1.04%	$18.07	−2.38%$0.44
17	YieldMax RBLX Option Income Strategy ETFRBLY	163.71%	Weekly	0.99%	$9.04	−0.29%$0.03
18	GraniteShares YieldBoost RGTI ETFRGYY	160.05%	Weekly	1.07%	$6.73	+0.07%$0.00
19	YieldMax AI Option Income Strategy ETFAIYY	158.93%	Weekly	0.99%	$7.91	+0.89%$0.07
20	The Advisors' Inner Circle Fund - Rice Hall James Micro Cap PortfolioRHJSX · Mutual fund	157.45%	Annual	1.25%	$9.54	+0.00%$0.00	—
21	GraniteShares YieldBoost QBTS ETFQBY	156.18%	Weekly	1.07%	$6.67	−0.20%$0.01
22	YieldMax CRCL Option Income Strategy ETFCRCO	156.08%	Weekly	1.01%	$12.70	−0.16%$0.02
23	Roundhill Investments - HOOD WeeklyPay ETFHOOW	151.76%	Weekly	0.99%	$24.37	+0.74%$0.18
24	Royce Dividend Value Fund Service ClassRYDVX · Mutual fund	151.44%	Quarterly	1.34%	$2.68	−0.37%$0.01
25	Grayscale Ethereum Covered Call ETFETCO	138.87%	Monthly	0.66%	$8.37	−1.42%$0.12
26	YieldMax HOOD Option Income Strategy ETFHOOY	136.66%	Weekly	0.99%	$25.90	+1.29%$0.33
27	GraniteShares YieldBOOST NVDA ETFNVYY	130.09%	Weekly	—	$12.14	−0.32%$0.04
28	American Beacon Shapiro Equity Opportunities Fund - Investor ClassSHXPX · Mutual fund	120.89%	Semi-Annual	1.07%	$7.45	+0.13%$0.01	—
29	GraniteShares YieldBOOST Semiconductor ETFSEMY	118.85%	Weekly	1.07%	$13.84	−0.30%$0.04
30	Bitwise MARA Option Income Strategy ETFIMRA	118.51%	Monthly	0.96%	$14.59	+0.48%$0.07
31	Roundhill Investments - Ether Covered Call Strategy ETFYETH	117.42%	Weekly	0.96%	$8.95	−1.32%$0.12
32	GraniteShares YieldBOOST PLTR ETFPLYY	115.03%	Weekly	1.07%	$8.54	+0.37%$0.03
33	YieldMax HIMS Option Income Strategy ETFHIYY	114.82%	Weekly	1.01%	$13.75	+0.85%$0.12
34	YieldMax MSTR Short Option Income Strategy ETFWNTR	114.17%	Weekly	1.00%	$25.83	+1.81%$0.46
35	GraniteShares YieldBoost RIOT ETFRTYY	112.99%	Weekly	1.07%	$9.49	−1.20%$0.11
36	GraniteShares YieldBoost HIMS ETFHMYY	112.52%	Weekly	1.07%	$6.17	+0.49%$0.03
37	Roundhill Investments - TSLA WeeklyPay ETFTSLW	112.06%	Weekly	0.99%	$16.81	+0.52%$0.09
38	YieldMax RDDT Option Income Strategy ETFRDYY	111.08%	Weekly	1.01%	$16.61	−1.31%$0.22
39	YieldMax TSLA Option Income Strategy ETFTSLY	110.51%	Weekly	1.07%	$21.73	+0.84%$0.18
40	YieldMax DKNG Option Income Strategy ETFDRAY	109.49%	Weekly	1.03%	$14.87	−3.25%$0.50
41	YieldMax Ultra Option Income Strategy ETFULTY	108.66%	Weekly	1.40%	$27.20	−0.40%$0.11
42	GraniteShares YieldBOOST BABA ETFBBYY	108.27%	Weekly	1.07%	$9.84	+0.20%$0.02
43	GraniteShares YieldBOOST AMD ETFAMYY	106.33%	Weekly	1.07%	$14.28	−0.59%$0.08
44	REX IncomeMax Option Strategy ETFULTI	104.79%	Weekly	1.32%	$7.41	−2.18%$0.17
45	YieldMax Short COIN Option Income Strategy ETFFIAT	104.41%	Weekly	1.05%	$21.05	+2.88%$0.59
46	YieldMax CVNA Option Income Strategy ETFCVNY	101.58%	Weekly	1.09%	$22.23	+3.46%$0.74
47	YieldMax Bitcoin Option Income Strategy ETFYBIT	101.43%	Weekly	1.02%	$18.32	−0.81%$0.15
48	REX TSLA Growth & Income ETFTSII	100.85%	Weekly	1.52%	$12.64	+1.44%$0.18
49	Global X Funds - Global X PropTech ETFPTEC	100.76%	Semi-Annual	0.50%	$39.56	−0.28%$0.11	—
50	KraneShares 2X Long PDD Daily ETFKPDD	99.76%	Annual	1.26%	$6.67	+2.54%$0.16
51	Brown Capital Management Small Company FundBCSIX · Mutual fund	96.66%	Annual	1.32%	$24.41	+0.49%$0.12
52	YieldMax MRNA Option Income Strategy ETFMRNY	96.23%	Weekly	1.00%	$15.42	+1.18%$0.18
53	GraniteShares YieldBOOST Gold Miners ETFNUGY	94.99%	Weekly	1.07%	$13.09	+0.04%$0.01
54	Roundhill Investments - PLTR WeeklyPay ETFPLTW	94.30%	Weekly	0.99%	$24.93	+1.47%$0.36
55	YieldMax BABA Option Income Strategy ETFBABO	94.07%	Weekly	1.00%	$8.82	+1.85%$0.16
56	Harding Loevner Emerging Markets Portfolio Advisor ClassHLEMX · Mutual fund	93.52%	Annual	1.14%	$23.45	+0.60%$0.14	—
57	YieldMax PLTR Option Income Strategy ETFPLTY	91.47%	Weekly	1.07%	$38.70	+1.49%$0.57
58	ProShares - Ultra Bitcoin ETFBITU	90.75%	Monthly	0.98%	$9.33	−3.22%$0.31
59	YieldMax XYZ Option Income Strategy ETFXYZY	89.94%	Weekly	1.36%	$25.39	+0.44%$0.11
60	YieldMax Ultra Short Option Income Strategy ETFSLTY	89.74%	Weekly	1.35%	$21.32	−0.31%$0.07
61	Bitwise GME Option Income Strategy ETFIGME	89.04%	Monthly	0.96%	$22.82	+0.02%$0.00
62	YieldMax Crypto Industry & Tech Portfolio Option Income ETFLFGY	86.65%	Weekly	1.02%	$18.91	−1.87%$0.36
63	Glenmede SMID Core Equity AdvisorGWILX · Mutual fund	86.32%	Semi-Annual	0.85%	$9.39	+0.00%$0.00
64	ProShares - Ether ETFEETH	86.27%	Monthly	0.95%	$22.80	−2.27%$0.53
65	KraneShares 2X Long BABA Daily ETFKBAB	85.66%	Semi-Annual	1.26%	$9.97	+6.33%$0.59
66	Grayscale Funds TrustBTCC	83.43%	Monthly	0.66%	$13.12	−0.61%$0.08
67	YieldMax Short TSLA Option Income Strategy ETFCRSH	81.42%	Weekly	1.05%	$22.00	−0.56%$0.12
68	YieldMax AMD Option Income Strategy ETFAMDY	80.49%	Weekly	1.00%	$44.56	−2.30%$1.05
69	Harding Loevner Institutional Emerging Markets PortfolioHLMEX · Mutual fund	80.46%	Annual	1.05%	$12.82	+0.23%$0.03
70	MassMutual Select Funds - MassMutual Equity Opportunities FundMFVZX · Mutual fund	80.21%	Annual	0.76%	$9.85	−0.40%$0.04	—
71	William Blair Global Leaders NWGGNX · Mutual fund	80.12%	Annual	1.15%	$7.04	+0.14%$0.01
72	ProShares - Bitcoin & Ether Equal Weight ETFBETE	78.80%	Monthly	0.95%	$30.33	−1.96%$0.61
73	Roundhill Investments - NFLX WeeklyPay ETFNFLW	78.64%	Weekly	0.99%	$16.82	+3.42%$0.56
74	Roundhill Investments - Bitcoin Covered Call Strategy ETFYBTC	77.46%	Weekly	0.96%	$17.64	−1.37%$0.24
75	YieldMax Gold Miners Option Income Strategy ETFGDXY	76.39%	Weekly	1.00%	$11.12	+0.63%$0.07
76	Brown Advisory Growth Equity Fd Investor ShsBIAGX · Mutual fund	75.95%	Annual	0.86%	$10.25	+0.79%$0.08
77	Volatility Shares Trust - Volatility Premium Plus ETFZVOL	73.95%	Monthly	1.42%	$7.87	+0.00%$0.00
78	Morgan Stanley Inst International Eq AMIQBX · Mutual fund	72.62%	Annual	1.24%	$7.51	−0.13%$0.01
79	YieldMax Short NVDA Option Income Strategy ETFDIPS	71.44%	Weekly	1.05%	$34.77	+2.05%$0.70
80	GraniteShares YieldBoost TopYielders ETFYBTY	71.04%	Weekly	1.38%	$10.98	−0.66%$0.07
81	Simplify Bitcoin Strategy PLUS Income ETFMAXI	70.24%	Monthly	1.31%	$8.92	−1.98%$0.18
82	YieldMax Universe Fund of Option Income ETFsYMAX	69.81%	Weekly	1.33%	$7.71	+0.13%$0.01
83	BlackRock Mid-Cap Growth Equity Portfolio Investor C SharesBMGCX · Mutual fund	68.48%	Semi-Annual	1.80%	$16.13	+0.06%$0.01
84	YieldMax SNOW Option Income Strategy ETFSNOY	67.34%	Weekly	1.00%	$11.83	+1.02%$0.12
85	UBS ETRACS Silver Shares Covered Call ETNSLVO · ETN	66.48%	Monthly	0.65%	$69.04	+1.86%$1.26
86	YieldMax Innovation Option Income Strategy ETFOARK	65.45%	Weekly	1.00%	$29.33	+0.70%$0.20
87	Prospector Opportunity FundPOPFX · Mutual fund	65.38%	Annual	1.16%	$17.77	+0.00%$0.00	—
88	Roundhill Investments - AVGO WeeklyPay ETFAVGW	64.77%	Weekly	0.99%	$42.56	−1.65%$0.71
89	Tradr 2X Long APP Daily ETFAPPX	64.56%	Annual	1.30%	$15.45	−4.33%$0.70
90	Daily Target 2X Long SOUN ETFSOUX	63.89%	Annual	1.29%	$13.83	−14.15%$2.28
91	Templeton Institutional - Foreign Smaller Companies FundTFSCX · Mutual fund	63.87%	Annual	1.26%	$11.44	−0.17%$0.02
92	YieldMax NFLX Option Income Strategy ETFNFLY	61.16%	Weekly	1.01%	$7.74	+1.64%$0.13
93	YieldMax META Option Income Strategy ETFFBY	61.02%	Weekly	1.06%	$8.75	+0.11%$0.01
94	ProShares Bitcoin ETFBITO	60.96%	Monthly	0.95%	$8.64	−1.71%$0.15
95	Wasatch International Opportunities Fund Instl ClWIIOX · Mutual fund	60.82%	Annual	1.79%	$2.01	−0.50%$0.01
96	Roundhill Investments - META WeeklyPay ETFMETW	59.82%	Weekly	0.99%	$24.61	+0.04%$0.01
97	The Gold Bullion Strategy FundQGLDX · Mutual fund	59.74%	Quarterly	1.50%	$20.50	+1.03%$0.21
98	GraniteShares YieldBOOST QQQ ETFTQQY	59.59%	Weekly	—	$12.32	+0.04%$0.01
99	Bitwise Funds TrustICRC	59.48%	Monthly	0.96%	$17.42	−0.34%$0.06
100	Wasatch Emerging Markets Small Cap FundWAEMX · Mutual fund	58.66%	Annual	1.95%	$2.04	−0.49%$0.01
101	YieldMax PYPL Option Income Strategy ETFPYPY	58.63%	Weekly	1.31%	$30.39	−0.13%$0.04
102	Roundhill Investments - NVDA WeeklyPay ETFNVDW	58.57%	Weekly	0.99%	$37.33	−3.91%$1.52
103	YieldMax TSM Option Income Strategy ETFTSMY	58.42%	Weekly	1.01%	$15.39	−0.19%$0.03
104	YieldMax GME Option Income Strategy ETFGMEY	58.29%	Weekly	1.01%	$23.90	−1.39%$0.34
105	Roundhill Investments - AMD WeeklyPay ETFAMDW	58.08%	Weekly	0.99%	$81.30	−3.63%$3.06
106	Oil Enhanced Options Income ETFUSOY	57.76%	Weekly	1.12%	$7.07	+4.74%$0.32
107	YieldMax NVDA Option Income Strategy ETFNVDY	57.08%	Weekly	1.09%	$12.73	−2.08%$0.27
108	USQ Core Real Estate FundUSQIX · Closed-end fund	56.75%	Quarterly	1.48%	$14.14	+0.00%$0.00
109	JPMorgan U.S. GARP Equity FundJGISX · Mutual fund	55.90%	Semi-Annual	0.34%	$68.82	+0.58%$0.40
110	YieldMax GOOGL Option Income Strategy ETFGOOY	55.82%	Weekly	1.14%	$12.75	+0.71%$0.09
111	REX NVDA Growth & Income ETFNVII	55.69%	Weekly	1.49%	$24.71	−2.45%$0.62
112	Roundhill ARM WeeklyPay ETFARMW	55.33%	Weekly	0.99%	$46.09	−6.13%$3.01
113	Amplify Bitcoin Max Income Covered Call ETFBAGY	55.10%	Monthly	0.65%	$22.77	−1.85%$0.43
114	GraniteShares YieldBOOST AMZN ETFAZYY	54.54%	Weekly	1.07%	$14.47	+0.28%$0.04
115	ProShares - Bitcoin & Ether Market Cap Weight ETFBETH	53.35%	Monthly	0.95%	$35.37	−1.63%$0.58
116	T. Rowe Price International Funds, Inc. - T. Rowe Price Global Consumer FundPGLOX · Mutual fund	53.27%	Annual	1.05%	$12.14	−0.16%$0.02	—
117	YieldMax AMZN Option Income Strategy ETFAMZY	52.37%	Weekly	1.09%	$11.62	+0.69%$0.08
118	Daily Target 2X Long RIOT ETFRIOX	52.24%	Annual	0.95%	$24.60	−10.45%$2.87
119	Virtus KAR Small-Cap Growth Fund APSGAX · Mutual fund	51.93%	Annual	1.39%	$15.96	−1.72%$0.28
120	BNY Mellon Small/Mid Cap Growth Fund Class ADBMAX · Mutual fund	51.88%	Annual	1.02%	$21.52	−1.06%$0.23
121	Nicholas Crypto Income ETFBLOX	51.54%	Weekly	0.99%	$12.75	−2.30%$0.30
122	REX Crypto Equity Premium Income ETFCEPI	51.24%	Weekly	0.85%	$30.92	−1.09%$0.34
123	Herzfeld Credit Income Fund, Inc.HERZ · Closed-end fund	51.10%	Monthly	3.57%	$16.12	+2.15%$0.34
124	GraniteShares YieldBOOST SPY ETFYSPY	50.61%	Weekly	—	$14.98	+0.03%$0.00
125	YieldMax Magnificent 7 Fund of Option Income ETFYMAG	50.54%	Weekly	1.34%	$11.59	+0.09%$0.01
126	Direxion Daily Semiconductor Bear 3X ETFSOXS	50.15%	Quarterly	1.00%	$45.21	+7.44%$3.13
127	GraniteShares YieldBOOST META ETFFBYY	50.05%	Weekly	1.07%	$11.03	+0.13%$0.01
128	First Trust Specialty Finance and Financial Opportunities FundFGB · Closed-end fund	50.00%	Monthly	0.00%	$4.15	+0.12%$0.00	—
129	Simplify China A Shares PLUS Income ETFCAS	49.65%	Monthly	0.88%	$26.69	+0.02%$0.01
130	Putnam PanAgora ESG Emerging Markets Equity ETFPPEM	49.06%	Semi-Annual	0.60%	$23.56	+0.56%$0.13	—
131	Roundhill Investments - Gold Miners WeeklyPay ETFGDXW	48.79%	Weekly	0.99%	$42.57	+0.90%$0.38
132	Wasatch International Growth FundWIIGX · Mutual fund	48.31%	Annual	1.36%	$16.42	−0.55%$0.09
133	Gold Enhanced Options Income ETFGLDY	47.87%	Weekly	0.99%	$12.75	+0.63%$0.08
134	GraniteShares YieldBoost Single Stock Universe ETFYBST	47.68%	Weekly	1.38%	$12.61	+0.43%$0.05
135	Bitwise Ethereum Option Income Strategy ETFIETH	46.82%	Monthly	0.96%	$18.62	+0.43%$0.08
136	Defiance BMNR Option Income ETFYBMN	46.73%	Weekly	0.85%	$12.64	−1.26%$0.16
137	Hennessy Focus Fund Investor ClassHFCSX · Mutual fund	46.56%	Annual	1.48%	$38.33	−1.87%$0.73
138	Defiance Gold Enhanced Options Income ETFGOLI	46.53%	Weekly	1.04%	$13.12	+0.76%$0.10
139	UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037USOI · ETN	45.80%	Monthly	0.85%	$45.70	+1.40%$0.63
140	Sands Capital Global Growth Fund Investor SharesSCGVX · Mutual fund	45.02%	Annual	1.22%	$22.87	+0.00%$0.00
141	FT Vest Gold Strategy Quarterly Buffer ETFBGLD	44.69%	Annual	0.91%	$16.97	+0.47%$0.08
142	Roundhill Investments - Innovation-100 0DTE Covered Call Strategy ETFQDTE	44.61%	Weekly	0.97%	$29.65	−0.13%$0.04
143	Oxford Lane Capital Corp.OXLC · Closed-end fund	44.23%	Monthly	—	$9.27	+0.76%$0.07
144	YieldMax R2000 0DTE Covered Call Strategy ETFRDTY	43.16%	Weekly	1.73%	$37.75	−0.51%$0.19
145	Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETFRDTE	43.06%	Weekly	0.97%	$28.76	−0.55%$0.16
146	Roundhill Investments - GOOGL WeeklyPay ETFGOOW	43.02%	Weekly	0.99%	$64.80	+1.03%$0.66
147	Virtus KAR Mid-Cap Growth FundVRMGX · Mutual fund	43.02%	Annual	0.83%	$42.06	+0.55%$0.23
148	OFS Credit Company, Inc.OCCI · Closed-end fund	42.89%	Monthly	—	$2.46	−3.53%$0.09
149	Invesco Oppenheimer International Growth Fund Class R6OIGIX · Mutual fund	42.44%	Annual	—	$26.93	−0.22%$0.06
150	R2000 Weekly Distribution ETFIWMY	41.50%	Weekly	1.05%	$19.20	−0.49%$0.09

How This List Is Built

ETFs ranked by trailing twelve month distribution yield, using live prices.

Frequently Asked Questions

Why do some ETFs yield 40% or more?: Extremely high yields almost always come from options-income (covered-call) funds, which convert market volatility into large distributions — often at the cost of long-run price appreciation. The yield is real but the total return can lag.