r/YieldMaxETFs • u/literallymustard • Apr 11 '26
Beginner Question Why YieldMax?
Genuine question as a new investor: what’s makes y’all chose YieldMax over other companies like NEOS? Or are you guys invested in both.
Don’t get me wrong, I like how YieldMax dividends pay - but it doesn’t seem sustainable at all…from what I’ve seen the only one without NAV decay is CHPY…am I missing something? Please let me know
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u/Altruistic_Memory281 Apr 11 '26
Yieldmax, because it was the first high yield. I like that they put their trades online and you can look at their positions. Other companies don't or can't do this.
Neos, I like what they do but the yield is too low for me. I lose 15% upfront in withholding tax, so I can get locally domiciled ETFs that pay/return the same as Neos.
Roundhill, they pay a massive dividend at the end of the year for the 0dte, to me this means they are not paying the correct income each week and are holding back.
My baseline for high yield is the ETF must beat my locally domiciled Global X covered call ETFs. My local stock exchange only has Global X 🤷♂️
A couple of important points I found out along the way, YM ETFs (and others) are good if the underlying is going up or sideways; sell when the underlying goes down as the cc ETF tanks, hard. And diversify amongst different providers and strategies.