While past performance doesn't guarantee future results, it's helpful to look back and see how much the YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) rewarded its investors during the past year. As we'll find out, the cash payouts really added up. The distributions weren't the only factor affecting the bottom line for ULTY's shareholders, however. We can certainly say that the YieldMax Ultra Option Income Strategy ETF's gigantic yield is "real," but there's another side to the story that might dissuade risk-averse investors.
Few Exchange Traded Funds have generated as much controversy in recent memory as the YieldMax Ultra Option Income Strategy ETF (NYSEARCA: ULTY). It has captivated the enthusiasm of many dividend seeking investors with its high weekly dividends, despite a fairly high risk of capital erosion. Launching in February 2024 at $20, ULTY has paid 126% in cumulative distributions and is presently at 86-88%.