MUY Dividend Calculator
YieldMax MU Option Income Strategy ETF — Project your returns with dividend reinvestment (DRIP). Pays quarterly.
Scenarios
Three paths based on historical CAGRs. Click any card to load it.
What is MUY?
MUY is a YieldMax single-stock option income ETF that generates weekly distributions by selling (writing) call option spreads on MU. The fund doesn't simply hold MU shares — instead, it uses a synthetic options strategy with U.S. Treasury securities as collateral to create exposure to MU while harvesting option premiums.
Recently launched
MUYhasn't paid a distribution yet
MUY launched on September 29, 2026 and has no distribution history on record yet. Once the first payment is declared it will appear here automatically. Group 2 — declared Wednesdays, with the ex-date the following day.
Until then the yield, DRIP projection, and NAV charts on this page have nothing to compute from. That's expected for a new fund — not a data problem. Be wary of any site quoting MUY a distribution rate right now: with no payment history, an annualized figure is an assumption, not a measurement.
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How MUY generates income
MUY is a YieldMax single-stock option income ETF that generates weekly distributions by selling (writing) call option spreads on MU. The fund doesn't simply hold MU shares — instead, it uses a synthetic options strategy with U.S. Treasury securities as collateral to create exposure to MU while harvesting option premiums.
Each week, the fund sells call options on MU at strike prices above the current market price. The premiums collected from these sales are the primary source of the distributions paid to shareholders. When MU's implied volatility is high, option premiums are larger and distributions tend to be bigger. When volatility is low, distributions shrink.
The core trade-off: your upside participation in MU's price gains is capped at the sold call strike price. If MU rallies sharply, MUY will underperform holding MU directly. In exchange, you receive weekly income that can be substantial — but it's not guaranteed and varies with market conditions.
A significant portion of MUY's distributions may be classified as return of capital (ROC). This is not taxable income — it reduces your cost basis instead. Check the ROC % in the latest distribution announcement above to understand how much of your "dividend" is actually your own capital being returned.
About the MUY Dividend Calculator
This MUY dividend calculator projects how your position grows with and without DRIP (Dividend Reinvestment). Every input is prefilled with live MUY data — current price, latest per-share distribution, detected payment frequency, and historical CAGR — so you can hit calculate immediately, or override any field to model your own assumptions.
The MUY DRIP calculator runs two parallel scenarios: one where every distribution is reinvested into more MUY shares, and one where distributions are taken as cash and never compounded. The gap between the two curves is the compounding premium — the extra wealth you build by letting MUY dividends buy more shares over time. Extra monthly contributions, tax rates, and custom dividend growth rates are all supported, and every calculation runs in your browser with no additional API calls after page load.
Why this calculator is more accurate than most
Traditional DRIP calculators treat dividend-per-share and share-price as two independent quantities that grow at their own separate rates. That works fine for stocks like SCHD or KO, where management sets the payout and the stock price moves with the business. It breaks badly for option-income ETFs like MSTY, NVDY, or TSLY, where distributions are sourced from option premium on the underlying — meaning the dividend dollar is mechanically a fraction of NAV, not a separate variable. Let those two quantities compound independently and you get absurd outputs (trillion-dollar portfolios from $10K) because the implied yield silently grows to 400%+ as price collapses faster than the dollar dividend.
We solve this with two projection modes. Dividend Growth mode is the standard model — correct for dividend-growth stocks and traditional income ETFs. Yield-on-NAV mode (auto-selected when starting yield exceeds 20%) locks the forward yield and recomputes distributions each year asyield × current NAV, so as price falls, dividend-per-share falls proportionally. This matches the physics of option-income funds and produces realistic projections instead of fantasy numbers.
You can toggle between the two modes above the input form. For MUY — a YieldMax option-income ETF — yield-on-NAV is the default and we recommend keeping it on.
The two levers that change results the most are the growth assumptions and the holding period. For a volatile, high-yield fund, a 0% or slightly negative growth assumption is usually more realistic than extrapolating a historical CAGR, because distribution levels often decay as implied volatility normalizes. For stable dividend ETFs and index funds, the 5Y CAGR is a reasonable baseline. The MUY dividend history page shows every past payment in detail, and the total return analyzer strips out NAV erosion to show your real yield.