At a glance
XOMO charges 1.17% a year. It has $39.5M in assets; it paid 36.08% of its price in distributions over the past 12 months, monthly. Over the past year it returned +37.5% with distributions reinvested; over three years it returned +14.1% a year.
The short version
YieldMax XOM Option Income Strategy ETF (XOMO), from Tidal Financial Group, is an actively managed fund that uses options to copy the price moves of a single stock, XOM (Exxon Mobil). Most of its assets sit in short-term US Treasury bills. It sells call options to fund large payouts, with a trailing 12-month yield of 36.08% as of October 27, 2026. In exchange it gives up part of XOM's gains, takes the full losses and charges 1.17% a year.
Price history
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XOMO +37.5% 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 | |
|---|---|---|---|---|---|---|
| XOMO official prospectus, to Dec 31, 2025 | — | +7.01% | — | — | — | +1.53% |
| XOMO price data to Oct 27, 2026 | +32.1% | +37.5% | +14.1% | — | — | +10.5% |
- Over the year to Oct 27, 2026, XOMO returned +37.5%.
- Its worst full calendar year was 2024 (+6.1%); its best was 2025 (+6.8%).
- The deepest fall in its price history was 18.9% (Oct 7, 2024 to Apr 10, 2025), recovered by Jan 14, 2026.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +32.1% | — |
| 2025 | +6.8% | +7.01% |
| 2024 | +6.1% | +5.90% |
| 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) | $3.5800 | |
| 2025 | $3.7100 | -6.1% |
| 2024 | $3.9500 |
What's inside
As of Jul 31, 2026, the fund held 5 securities; the ten largest made up 94.45% of assets.
| Holding | Weight | |
|---|---|---|
| TREASURY BILL Bonds and notes | 37.29% | |
| TREASURY BILL Bonds and notes | 17.76% | |
| TREASURY BILL Bonds and notes | 17.75% | |
| TREASURY BILL Bonds and notes | 11.92% | |
| TREASURY BILL Bonds and notes | 9.73% |
By country
United States 94.45%By issuer
US Treasury 94.45%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 $11.6M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -5.08%, -4.15%, +11.79%.
How it works
XOMO does not track an index. Its manager aims for current income while giving exposure to the share price of one stock, XOM. Mostly the fund does not buy the shares. It builds a "synthetic" position instead, using exchange-traded options and FLEX options (exchange-traded options with customizable terms, such as the strike price). Buying calls and selling puts on a stock is a common way to mimic owning it. The fund may also use swaps or hold XOM shares directly at times.
To earn income, it sells call options on XOM. A call option gives the buyer the right to the stock's gains above a set "strike" price. Sometimes the fund also buys calls at a higher strike, which creates a "call spread" and lets it keep some gains above the first strike. As of July 31, 2026, its options included XOM calls expiring August 21, 2026 with a $150.01 strike. The fund takes on all of XOM's losses. It generally doesn't receive XOM's dividends, and it won't move into a defensive position when markets fall.
As of July 31, 2026, about 94% of assets were in five US Treasury bill issues with an average maturity of 0.2 years, plus 1.96% in cash. The fund aims to pay weekly. Payout amounts vary, and part of a payout may be return of capital, which lowers the fund's net asset value.
What it really costs
- XOMO charges 1.17% 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 $119 in the first year and $1,420 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| XOMO | $119 | $372 | $644 | $1,420 |
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
It pays large but variable income from options on one oil and gas stock, absorbs that stock's full losses and has a short track record.
XOMO's trailing 12-month yield was 36.08% as of October 27, 2026, and it aims to pay weekly. Part of each payout may be return of capital, and repeated payouts can wear down the share price. The fund launched on August 31, 2023, so it has no record from the 2008, 2020 or 2022 downturns. Its weakest calendar year so far was 2024, when it gained 5.9%. Its deepest drop was 18.9%, from October 7, 2024, to April 10, 2025, and it took about nine months to recover, by January 14, 2026. A retiree who sold shares for spending money during that stretch would have locked in losses.
The fund costs 1.17% a year, or $119 in the first year on $10,000 in the SEC's standard example. Option income is usually taxed as ordinary income. 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, frequent cash payouts linked to XOM and accept that weekly amounts vary and may include return of capital.
- Investors who already hold diversified core funds and want a small, higher-risk position tied to one oil and gas stock.
- Investors who expect XOM to move sideways or rise modestly, the conditions in which selling calls costs the fund the least upside.
Look elsewhere if
- Investors who want XOM's full gains or its dividends: the fund gives up part of the upside and generally doesn't pass along XOM dividends.
- Cost-conscious investors: its 1.17% expense ratio adds up to $1,420 over 10 years on $10,000 in the SEC's example.
- Retirees who need steady, predictable income: payouts change from week to week, and the fund fell 18.9% between October 2024 and April 2025.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
No close alternatives found.
Questions investors ask
Does XOMO pay weekly dividends?
Yes, it aims to. The prospectus says the fund seeks to pay weekly cash distributions, but it doesn't promise a payment every week, and amounts can vary widely. In the 12 months to October 27, 2026, it paid $4.13 per share, a trailing yield of 36.08%. Part of these payouts, sometimes a large part, may count as return of capital. That means investors are getting their own money back, not profit, and the fund's share value drops by the amount paid.
Is XOMO good for retirement income?
It pays a lot, but it is a risky source of retirement income. Its trailing yield was 36.08% as of October 27, 2026. Yet payouts vary, may include return of capital and can wear down the share price over time. All of its exposure is to one oil and gas stock, XOM, and the fund fell 18.9% between October 2024 and April 2025. It also charges 1.17% a year, and its option income is usually taxed as ordinary income.
What's the difference between XOMO and owning XOM stock?
XOMO mostly doesn't own XOM shares. It copies XOM's price moves with options, holds Treasury bills as collateral and sells call options to earn income. As a result it takes XOM's losses in full but keeps only part of its gains. Holders also don't receive XOM's dividends unless the fund owns shares directly. Owning the stock avoids XOMO's 1.17% annual expense ratio, but it doesn't produce the option income that funds XOMO's large payouts.
Why is XOMO's yield so high?
The yield comes mainly from selling options, not from company profits. The fund sells call options on XOM, and buyers pay upfront for the right to XOM's gains above a set price. Interest on the fund's Treasury bills adds to that. A high yield is not the same as a high total return. The prospectus shows a 7.01% total return for 2025 as a whole, because payouts reduce the share price and some of them are return of capital.
What is XOMO's expense ratio?
XOMO's expense ratio is 1.17% a year, which includes a 0.99% management fee, according to the prospectus filed February 24, 2026. In the SEC's standard example, $10,000 earning 5% a year would cost about $119 after one year, $372 after three years, $644 after five and $1,420 after 10. That is far more than broad stock index funds usually charge, and it reflects the cost of running an active options strategy.