All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

PYPY: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

PYPY real return snapshot: after CPI-U inflation, PYPY returned −29.80% over the past year and −7.68% YTD, with dividends reinvested. Since Sep. 26, 2023, PYPY is down −6.56% in real purchasing-power return, or −2.37%/yr, and is currently −40.44% below its real total-return high on Dec. 13, 2024.

Data ending Fri Jul. 24, 2026

Growth of $10,000

Tue 2023-09-26💬 to Fri 2026-07-24 Overall
Return 		Exponential
Trendline
PYPY × 		−6.56%
−2.37%/yr 		−7.96%/yr
R2=0.125
Yieldmax PYPL Option Income Strategy ETF Exchange-Traded Fund

Growth of $10,000 Summary

Tue 2023-09-26💬 to Fri 2026-07-24 Start
Value 		End
Value
PYPY × 		$10,000.00
2023-09-26 		$9,343.65
2026-07-24

This Year’s Performance

through 2026-07-24

  YTD YoY
PYPY × 		−7.68% −29.80%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
PYPY × 		−40.44%
on 2026-07-24
from 2024-12-13 peak 		−55.11%
on 2026-02-12
from 2024-12-13 peak

Rolling Returns

Period ending Fri 2026-07-24 1 yr 2 yr 3 yr 5 yr 10 yr
PYPY × 		−29.80% −9.91%
−5.08%/yr 		— — —

Annual Returns

Year PYPY
2026 (YTD) −7.68%
2025 −31.98%
2024 +39.84%
2023 +6.40%