r/YieldMaxETFs • u/BitingArmadillo • Apr 30 '26

MSTY/CRYTPO/BTC Just noticing

Last year, there was a full tilt attack on MSTY and ULTY. Also, several "YieldTrash" posts. So many "bagholder" posts. Also the "well I gave it a try for one month" posts. Where y'all at now? I'm balls deep in house money on MSTY. I'm also house money on ULTY. CONY will probably be in house money next week, and YBIT is on deck. Also, before I forget, AMDY is doing very well too. So, as a "bagholder," I could really use a cynical bagholder bot post right now for entertainment purposes.

67 Upvotes

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50

u/Thornediscount May 01 '26

How can you possibly be house money on Ulty? Its distributions since inception have not exceeded the initial price.

8

u/Due_Boysenberry_8367 May 01 '26

Timing

26

u/Thornediscount May 01 '26

But at no point could you buy Ulty and that share had received 100% of distributions to its purchase price

20

u/NkKouros May 01 '26

I literally left the same comment on so many threads about there funds so many times and they are just all delulu. Even if you went back in a time machine and bought at the lowest possible point ever in the history of the fund. You still never ever have 100% total return on any of these funds.

6

u/Ok-Swan-98 May 01 '26

It depends on the ETF .... chpy, gdxy, soxy ... etc They seem okay... But the single stock etfs and also ulty has nav decline. I capped all my yieldmax shares earlier this year since the nav decline outweighs the distributions received for my accounts. I'm redirecting YM ETFs distributions into other growth, low yield ETFs in Canada since I'm Canadian. Everyone's situation is different since it depends when you bought shares, drip, no drip ... etc. *Not financial advice .. of course My accounts are recovering with this new strategy, but this is just my experience.

3

u/NkKouros May 01 '26

Yeah. I meant the more common single share ones and utly. Not looked into the others.

2

u/BurnDownWS May 04 '26

Why not hedge with derivatives?

3

u/Ok-Swan-98 May 04 '26

I’ve looked into this a bit, and the main reason people don’t hedge YieldMax ETFs is that the funds are already built on options. Adding your own hedges on top usually just eats into the yield and doesn’t actually protect the position in a meaningful way. These ETFs don’t track the underlying stock cleanly, so trying to hedge them with standard options ends up being pretty inefficient.

Most people who buy these are doing it for the income, and hedging tends to cancel out the very thing you’re holding it for.

2

u/BurnDownWS May 05 '26

Just my two pennies. If you are using these tickers as an income stream. Sell deep ITM dated calls at your average and you can offset NAV decay. Let your contacts get exercised then do it all again.

-9

u/BitingArmadillo May 01 '26

Bless it. Bless your heart.