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

Total Real Returns

YMAX vs. SPY: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Growth of $10,000

Wed 2024-01-17💬 to Thu 2026-08-20 Overall
Return 		Exponential
Trendline
YMAX × 		+28.15%
+10.05%/yr 		+6.98%/yr
R2=0.350
YieldMax Universe Fund of Option Income ETFs Exchange-Traded Fund
SPY × 		+53.00%
+17.84%/yr 		+15.07%/yr
R2=0.886
SPDR S&P 500 ETF Trust Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2024-01-17💬 to Thu 2026-08-20 Start
Value 		End
Value
YMAX × 		$10,000.00
2024-01-17 		$12,815.42
2026-08-20
SPY × 		$10,000.00
2024-01-17 		$15,299.58
2026-08-20

This Year’s Performance

through 2026-08-20

  YTD YoY
YMAX × 		+0.81% −1.35%
SPY × 		+8.91% +16.91%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
YMAX × 		−10.46%
on 2026-08-20
from 2025-10-08 peak 		−27.35%
on 2026-03-30
from 2025-10-08 peak
SPY × 		−2.02%
on 2026-08-20
from 2026-08-13 peak 		−19.12%
on 2025-04-08
from 2025-02-19 peak

Rolling Returns

Period ending Thu 2026-08-20 1 yr 2 yr 3 yr 5 yr 10 yr
YMAX × 		−1.35% +16.70%
+8.03%/yr 		— — —
SPY × 		+16.91% +31.46%
+14.66%/yr 		+66.15%
+18.44%/yr 		+50.40%
+8.51%/yr 		+194.87%
+11.42%/yr

Annual Returns

Year YMAX SPY
2026 (YTD) +0.81% +8.91%
2025 +3.27% +14.65%
2024 +23.10% +21.39%
2023 — +22.09%
2022 — −23.15%
2021 — +20.27%
2020 — +16.74%
2019 — +28.29%
2018 — −6.35%
2017 — +19.19%
2016 — +9.73%
2015 — +0.50%
2014 — +12.61%
2013 — +30.35%
2012 — +14.01%
2011 — −1.04%
2010 — +13.36%
2009 — +23.01%
2008 — −36.85%
2007 — +1.01%
2006 — +13.00%
2005 — +1.35%
2004 — +7.21%
2003 — +25.82%
2002 — −23.40%
2001 — −13.10%
2000 — −12.70%
1999 — +17.24%
1998 — +26.65%
1997 — +31.24%
1996 — +18.63%
1995 — +34.61%
1994 — −2.22%
1993 — +6.22%