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PYPY ETF returns, drawdowns and dividends

YieldMax PYPL Option Income Strategy ETF · Option income ETF

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Chart shows price change, dividends not included · Prices through the close of · Updated after every US trading day · Source: Yahoo Finance

1Y total return-22.63%dividends reinvested
1Y price return-51.54%dividends excluded
Total return a year-1.07%since Sept. 26, 2023
Max drawdown 1Y54.87%largest peak-to-trough fall
From highest close-75.53%high $102.57 on Dec. 28, 2023
Total assets$13M$488K traded a day (3-mo avg) · as of Oct. 26, 2026
Trailing yield60.54%$15.20 per share, 12 months

PYPY returns by period

Total return assumes every dividend is reinvested at the closing price on its ex-dividend date. Price return is the change in the closing price alone. The 3 and 5 year rows also show the yearly rate (CAGR).

PeriodSinceTotal returnPrice return
1 month -2.08% -4.27%
3 months -5.56% -16.02%
6 months +3.40% -18.24%
Year to date -9.91% -38.53%
1 year -22.63% -51.54%
3 years +7.42% (+2.41%/yr) -72.16% (-34.69%/yr)
Since first close -3.26% (-1.07%/yr) -74.92% (-36.15%/yr)

Did PYPY's payouts keep up with its 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.

Option income funds pay out option premiums and often part of their own assets, so a high yield can come with a falling share price. Total return is the fair measure: it counts both the payouts and the price change. Compare all option income ETFs.

PYPY returns by calendar year

YearTotal returnPrice return
2026 (to Oct 26)-9.91%-38.53%
2025-29.80%-54.43%
2024+44.22%-10.47%

PYPY drawdowns and recovery

Max drawdown is the largest fall from a previous peak close to a later close within the period. The deepest fall in the stored history was 76.24%, from $102.57 on Dec. 28, 2023 to $24.37 on June 23, 2026, and the price has not yet returned to that peak.

MeasureValue
Max drawdown, 1 year54.87%
Max drawdown, 3 years76.24%
Max drawdown, 5 years76.24%
52-week closing high$54.00 Oct. 28, 2025
52-week closing low$24.37 June 23, 2026
Latest close$25.10 Oct. 26, 2026

PYPY dividends

PYPY paid $15.20 per share in the last 12 months over 52 payments, a trailing yield of 60.54% at the latest close. The most recent ex-dividend date was Oct. 22, 2026 ($0.18 per share). Trailing yield is historical, not a forecast or an SEC 30-day yield.

YearDividends per sharePayments
2026 (so far)$11.3143
2025$26.4121
2024$43.5812

1-year return, total where available. Add any of them to the PYPY chart, rank every ETF in the return explorer, or browse all ETF pages.

About these numbers

  • Calculated by FindETFStock from daily closing prices and ex-dividend amounts reported by Yahoo Finance, starting Sept. 26, 2023.
  • Total assets are the fund's net assets as reported by Yahoo Finance; for a fund with several share classes, such as Vanguard's, the figure covers the whole fund. Trading volume is the 3-month average of shares traded per day, times the latest price.
  • "5 years" is measured from the first stored close, about five years back; a fund or stock with a shorter history shows "Since first close" instead.
  • Returns are before taxes and assume dividends are reinvested at the ex-date close with no costs.
  • Past performance does not predict future results. This is not investment advice; see the financial disclaimer and methodology.