At a glance
GOOY charges 1.14% a year. It has $240.3M in assets; it paid 50.55% of its price in distributions over the past 12 months, monthly. Over the past year it returned +16.0% with distributions reinvested; over three years it returned +23.0% a year.
The short version
YieldMax GOOGL Option Income Strategy ETF (GOOY) is an actively managed fund that uses options to follow the share price of Alphabet (GOOGL) without owning the stock. It also sells call options to generate income. It aims to pay weekly, and its trailing 12-month yield was 50.55% as of October 27, 2026. In exchange, it gives up part of Alphabet's gains, keeps most of the losses and charges 1.14% a year.
Price history
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GOOY +16.0% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GOOY official prospectus, to Dec 31, 2025 | — | +54.17% | — | — | — | +24.89% |
| GOOY price data to Oct 27, 2026 | +3.5% | +16.0% | +23.0% | — | — | +18.4% |
- Over the year to Oct 27, 2026, GOOY returned +16.0%.
- Its worst full calendar year was 2024 (+12.7%); its best was 2025 (+54.1%).
- The deepest fall in its price history was 24.4% (Feb 4, 2025 to Apr 4, 2025), recovered by Aug 6, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +3.5% | — |
| 2025 | +54.1% | +54.17% |
| 2024 | +12.7% | +12.96% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $4.2380 | |
| 2025 | $6.0610 | +11.3% |
| 2024 | $5.4450 |
What's inside
As of Jul 31, 2026, the fund held 5 securities; the ten largest made up 113.77% of assets.
| Holding | Weight | |
|---|---|---|
| TREASURY BILL Bonds and notes | 30.65% | |
| TREASURY BILL Bonds and notes | 29.56% | |
| TREASURY BILL Bonds and notes | 23.48% | |
| TREASURY BILL Bonds and notes | 15.41% | |
| TREASURY BILL Bonds and notes | 14.68% |
By country
United States 113.77%By issuer
US Treasury 113.77%The bonds mature in 0.2 years on average (weighted by size), with an average coupon of 0%.
Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $25.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.16%, -5.94%, -0.95%.
How it works
GOOY is built around one stock, Alphabet's Class A shares (GOOGL), but it does not buy the stock. Instead, the manager buys and sells a mix of standard exchange-traded options and FLEX options. FLEX options are exchange-listed options with custom terms, such as the strike price. Together these copy the stock's price moves, up or down. Fund holders get no Alphabet dividends and no voting rights.
On top of that position, the fund sells call options on GOOGL. A call gives the buyer the right to buy at a set price, called the strike. The fund collects a premium for selling the call. That premium pays for the distributions, but the fund gives up any gains above the strike until the option expires. Under its call spread version of the strategy, the fund also buys calls with higher strikes so it can keep some of the upside. Losses are not capped, and premiums may not make up for a falling stock.
The rest of the money sits in short-term US Treasury bills. As of July 31, 2026, five T-bill issues added up to about 114% of the fund's $240.3 million in net assets, with an average maturity of 0.2 years. The options added up to about −14%. This is why holdings data can make GOOY look like a bond fund.
What it really costs
- GOOY charges 1.14% a year.
- Of that, 0.99% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $116 in the first year and $1,386 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GOOY | $116 | $362 | $628 | $1,386 |
Structure and tax notes
- Generates much of its income from selling options (directly or through notes). That income is usually taxed as ordinary income rather than as qualified dividends, and the strategy gives up some upside in strong markets.
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
All of its stock exposure comes from one company through an options strategy that caps gains, keeps most losses and can wear down the share price over time.
GOOY can add a large cash stream tied to Alphabet. Its trailing 12-month yield was 50.55% ($5.616 per share) as of October 27, 2026, and it aims to pay weekly. Payouts vary, part may be return of capital, and option income is usually taxed as ordinary income. The fund launched in July 2023, so it has no record from the 2008, 2020 or 2022 sell-offs. Its deepest drop was 24.4%, from February 4 to April 4, 2025, and it recovered in about four months. Its weakest calendar year, 2024, was still a gain of 12.7%. In a slump, someone drawing income might have to sell shares at lower prices while payouts shrink. At 1.14% a year, the SEC's standard $10,000 example shows $116 in costs for the first year. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want large weekly cash payouts tied to Alphabet's share price and accept that amounts vary and may include return of capital.
- People with an already diversified core who want a small, higher-risk Alphabet position that gives up some upside in exchange for option premiums.
- Investors holding it in a tax-advantaged account, where option income, usually taxed as ordinary income, matters less.
Look elsewhere if
- Anyone who needs diversification: all of its stock exposure comes from Alphabet alone, and its three-year volatility was 24.3%.
- Investors who want Alphabet's full gains or its dividends: sold calls cap the upside, and the fund receives no GOOGL dividends.
- Cost-conscious long-term savers: the 1.14% expense ratio adds up to $1,386 over 10 years on $10,000 in the SEC example.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
No close alternatives found.
Questions investors ask
Is GOOY good for retirement income?
It can deliver big cash payouts, but it is a risky source of retirement income. GOOY paid $5.616 per share in the year to October 27, 2026, equal to a yield of 50.55% on its share price. Payouts vary. Part may be return of capital, meaning your own money handed back. The prospectus warns that repeated distributions may significantly erode the share price. The fund is fully exposed to falls in Alphabet's stock, which option premiums may not offset. It may suit investors seeking high cash flow from a small slice of a portfolio.
How does GOOY make its income?
Mainly by selling call options on Alphabet (GOOGL). A call option gives its buyer the right to buy shares at a set “strike” price. The seller collects a fee, called a premium, but gives up gains above that price. GOOY is an actively managed fund from Tidal Financial Group, and it does not own Alphabet shares. It combines options to mimic the stock's price moves, a “synthetic covered call.” As of July 31, 2026, its $240 million in net assets was held mostly in short-term US Treasury bills.
Does GOOY pay weekly dividends?
It aims to. The prospectus says GOOY seeks to pay cash distributions every week. However, there is no guarantee of a payment in any given week, and amounts will likely vary greatly. Part of the payouts, sometimes a significant part, may be return of capital rather than profit. Option income is usually taxed as ordinary income, not as lower-taxed qualified dividends. Because the fund does not own Alphabet stock, shareholders receive none of Alphabet's own dividends.
GOOY vs GOOGL: what's the difference?
Buying GOOGL means owning Alphabet shares outright, with full upside, voting rights and any Alphabet dividends. GOOY owns no shares, so its investors get no votes and no Alphabet dividends. Its sold call options limit gains when Alphabet rises past the strike prices, yet the fund still bears losses when the stock falls. In exchange, it pays large option-based distributions. GOOY's annual fee (expense ratio) is 1.14%. In the SEC's standard example of $10,000 earning 5% a year, costs total $116 after one year and $1,386 after 10 years.
How has GOOY performed since launch?
Unevenly. According to its prospectus, GOOY returned 12.96% in 2024 and 54.17% in 2025. It averaged 24.89% a year from its July 2023 launch through December 31, 2025. Its one-year return to October 27, 2026, was 16%. Its largest peak-to-trough fall was 24.4%, from February 4 to April 4, 2025, and it regained its prior high by August 6, 2025. Because it launched in 2023, it has no record through a major bear market such as 2022's.