# PYPY ETF returns, drawdowns and dividends

> PYPY (YieldMax PYPL Option Income Strategy ETF): 1-year total return -22.63%, price return -51.54%, max drawdown 54.87%, trailing yield 60.54%. Daily data through Oct. 26, 2026.

Source: https://findetfstock.com/etf/pypy/ · Prices through: 2026-10-26 · Data: Yahoo Finance daily closes and ex-dividend amounts

YieldMax PYPL Option Income Strategy ETF (option income ETF). Total assets: $13M, average daily dollar volume $488K (3 months), as of 2026-10-26 (Yahoo Finance; fund net assets, all share classes).

PYPY lost 22.63% over the past year with dividends reinvested (-51.54% on price alone), based on closing prices through Oct. 26, 2026. Over the last 3.1 years (since Sept. 26, 2023) it lost 3.26% with dividends reinvested, or -1.07% a year. Its largest fall from a peak over the past year was 54.87%, and it closed 75.53% below its highest close since Sept. 26, 2023 ($102.57 on Dec. 28, 2023). It pays dividends weekly: $15.20 per share over the last 12 months, a trailing yield of 60.54%. 

## Returns by period

| Period | Since | Total return | Price return |
|---|---|---|---|
| 1 month | 2026-09-25 | -2.08% | -4.27% |
| 3 months | 2026-07-24 | -5.56% | -16.02% |
| 6 months | 2026-04-24 | +3.40% | -18.24% |
| Year to date | 2025-12-31 | -9.91% | -38.53% |
| 1 year | 2025-10-24 | -22.63% | -51.54% |
| 3 years | 2023-10-26 | +7.42% (+2.41%/yr) | -72.16% (-34.69%/yr) |
| Since first close | 2023-09-26 | -3.26% (-1.07%/yr) | -74.92% (-36.15%/yr) |

Total return reinvests every dividend at the ex-dividend date close. Price return excludes dividends.

## Did the payouts keep up with the price?

Over the past year PYPY paid out 29.34% of its starting price in distributions, while its price changed -51.54%. Reinvesting every payment gave a total return of -22.63%. The distributions did not make up for the fall in price, so a holder ended the year with less than they started with, even counting every payment.

## Calendar-year returns

| Year | Total return | Price return |
|---|---|---|
| 2026 (year to date) | -9.91% | -38.53% |
| 2025 | -29.80% | -54.43% |
| 2024 | +44.22% | -10.47% |

## Drawdowns

| Measure | Value |
|---|---|
| Max drawdown, 1 year | 54.87% |
| Max drawdown, 3 years | 76.24% |
| Max drawdown, 5 years | 76.24% |
| Highest close since 2023-09-26 | $102.57 on 2023-12-28 (-75.53% from there) |
| 52-week closing range | $24.37 to $54.00 |

Deepest fall in the stored history: 76.24%, from 2023-12-28 to 2026-06-23, not yet recovered.

## Dividends

Trailing 12 months: $15.20 per share in 52 payments, yield 60.54%. Last ex-dividend date: 2026-10-22 ($0.18).

| Year | Dividends per share | Payments |
|---|---|---|
| 2026 (so far) | $11.31 | 43 |
| 2025 | $26.41 | 21 |
| 2024 | $43.58 | 12 |

Historical data for research and education, not investment advice. Methodology: https://findetfstock.com/methodology/