YieldMaxCalc
Calculator/YMAX

YMAX Dividend Calculator

YieldMax Universe Fund of Option Income ETFs — Project your returns with dividend reinvestment (DRIP). Pays weekly.

YMAX Dividend Calculator

= $4.8360 / share / year

0% = yield stays constant. Negative models normalization (e.g. -10%/yr).

1Y: -37.3%

years
Portfolio Growth

No DRIP vs DRIP

Portfolio Value$94$24.9KTotal Dividends$14.9K$116.4KAnnual Dividend$53$13.9KYoC0.53%139.44%

DRIP Advantage

Total invested: $10.0K

+26.4K%

$24.8K more

Income Goal
/ month

Reached in year 8

YMAX crosses $13.2K/yr ($1,100.00/mo) of dividend income in year 8 of the projection. Goal auto-suggested from your inputs — bump it up to model a stretch target.

Dividend history →Total return →

Scenarios

Three realistic paths for high-yield funds: yield holds, yield compresses, yield normalizes. Click any card to load it.

What is YMAX?

YMAX holds the entire universe of YieldMax single-stock ETFs and passes through their distributions. It's the most diversified YieldMax fund — instead of concentrating on the highest-yielding names (like ULTY does), YMAX spreads across all 40+ YieldMax funds, which dilutes both the yield and the risk.

Latest YMAX distribution

ScheduleAll YieldMax →
Per share
$0.1497
Distribution rate
59.44%
30-day SEC yield
61.56%
ROC %
78.23%
Declared
May 12, 2026
Ex-date
May 13, 2026
Payable
May 14, 2026
Source →

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YMAX Real Yield

Headline yield adjusted for NAV erosion (1Y)

HeadlineReal72.7%→8.3%
NAV -37.3%

64% of the headline yield has been offset by share price decline over the past 1Y.

See full total return analysis →

YMAX Dividend History

View all 94 payments and full table →
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How YMAX generates income

YMAX holds the entire universe of YieldMax single-stock ETFs and passes through their distributions. It's the most diversified YieldMax fund — instead of concentrating on the highest-yielding names (like ULTY does), YMAX spreads across all 40+ YieldMax funds, which dilutes both the yield and the risk.

The headline yield is lower than ULTY because the portfolio includes lower-volatility names like MSFO (Microsoft), APLY (Apple), and JPO (JPMorgan) alongside the high-flyers. This diversification means YMAX's NAV tends to be more stable than ULTY's, but the weekly distributions are correspondingly smaller.

ROC on YMAX is typically moderate (20-60%) rather than the near-100% you see on ULTY. This reflects the blended nature of the portfolio — some underlying funds generate genuine option income while others are distributing capital return.

YMAX is the "set and forget" option for investors who want broad YieldMax exposure without having to pick individual funds or worry about any single stock blowing up their income stream.

Strategy
Fund-of-funds (all YieldMax single-stock ETFs)
Distribution
Weekly (Group 1, Tuesday)
Expense ratio
0.99%
vs ULTY
Lower yield, more stable NAV, lower ROC

About the YMAX Dividend Calculator

This YMAX dividend calculator projects how your position grows with and without DRIP (Dividend Reinvestment). Every input is prefilled with live YMAX 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 YMAX DRIP calculator runs two parallel scenarios: one where every distribution is reinvested into more YMAX 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 YMAX 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 YMAX — 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 YMAX dividend history page shows every past payment in detail, and the total return analyzer strips out NAV erosion to show your real yield.

YMAX DRIP calculator — frequently asked questions

How does the YMAX DRIP calculator work?▾
The YMAX calculator simulates two parallel scenarios: one where every dividend is paid out as cash, and one where every dividend automatically buys more YMAX shares. It uses the current YMAX price, the most recent dividend payment, the detected payment frequency (weekly), and a historical dividend growth rate to project your balance month by month. You can override any prefilled value — custom yield, custom growth rate, extra monthly contributions, and tax drag — and the chart updates instantly in your browser with no server calls after the initial page load.
Why does the YMAX calculator prefill a yield that's different from the headline number I see elsewhere?▾
We use forward annualization — the most recent per-share payment multiplied by the payment frequency — rather than the trailing twelve-month sum. For YMAX paying weekly, that is the most honest estimate of what you would earn going forward if the next payout matches the most recent one. Headline "TTM yield" figures include payouts from many months ago, which overstates the income of ETFs whose distributions have been trending down and understates the income of ETFs whose distributions have been trending up.
What dividend growth rate should I use for YMAX?▾
YieldMax ETFs like YMAX do not have a stable dividend growth rate. Distributions are a function of the implied volatility of the underlying stock at each options roll, so they can drop 50% one month and rise 40% the next. A reasonable default for long projections is 0% growth, or a small negative number if you expect volatility to normalize downward. Our 3Y and 5Y CAGR numbers exist for reference but should not be extrapolated.
Does the YMAX calculator account for taxes?▾
Yes. You can enter a tax rate and the calculator will deduct it from each dividend before reinvesting or paying out. For YMAX, the realistic rate depends on whether your dividends are classified as qualified (lower rate), ordinary (higher rate), or return of capital (not taxed until sale). Covered-call ETFs like YMAX often produce large amounts of return of capital, which is taxed differently from regular income — consult a tax advisor for your specific situation. The calculator applies the same rate to every payment; real-world tax treatment can be more nuanced.
Can I use the YMAX calculator for retirement account projections?▾
Yes. If you plan to hold YMAX in a Roth IRA, Traditional IRA, or 401(k), set the tax rate to 0% — distributions inside those accounts are not taxed year-by-year. In a Traditional IRA you will pay ordinary income tax on withdrawals later, so the post-tax balance will be lower than what the calculator shows; in a Roth IRA, qualified withdrawals are tax-free and the calculator figures are directly applicable. The "extra monthly contributions" field is useful for modeling ongoing IRA or 401(k) payroll contributions into the same position.
How is YMAX different from buying the underlying directly?▾
YMAX uses a covered-call strategy — it owns the underlying securities and sells call options against them to generate income. This caps the upside in strong rallies but cushions drawdowns slightly with option premium. Direct ownership of the underlying index typically produces higher total return in bull markets; YMAX is better when you want current income or expect flat-to-modest returns.
YMAX Dividend Schedule ->YMAX Total Return Analyzer →YMAX Dividend History →Compare YMAX →Generic Dividend CalculatorBrowse all dividend tickers →Why is YMAX moving? →