Dividend comparison

CONY vs YMAG: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for YieldMax COIN Option Income Strategy ETF and YieldMax Magnificent 7 Fund of Option Income ETF, side by side. Updated October 21, 2026.

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CONY vs YMAG: key differences
The short answer, from the latest data on this page.
  • Fees. CONY is cheaper at 1.04% a year versus 1.34% for YMAG. On $10,000 that is $30 a year less in fees.
  • Income. CONY pays more income, yielding 120.75% over the last twelve months versus 47.87% for YMAG. That is about $7,288 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, YMAG returned -23.6% versus -42.5% for CONY, with dividends reinvested. $10,000 would have grown to $7,639 in YMAG and $5,752 in CONY.
  • Risk. CONY has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -68.8%, against -28.8% for YMAG.
  • Diversification. YMAG holds 9 positions and CONY holds 6.

Bottom line: CONY fits better if you care most about lower fees and more income today. YMAG fits better if you care most about stronger 1-year returns, smaller drawdowns and broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricCONY
YieldMax COIN Option Income Strategy ETF
YMAG
YieldMax Magnificent 7 Fund of Option Income ETF
Dividend yield (TTM)120.75%47.87%
Dividend / share (TTM)$21.94$5.34
Payout frequencyMonthlyMonthly
Last dividend$0.2148 on Oct 16, 2026$0.0768 on Oct 15, 2026
Ex-dividend dateOct 15, 2026Oct 14, 2026
Next payment—$0.0766 on Oct 22, 2026
Price$18.17$11.16
Beta1.931.08
Max drawdown (5Y)-68.8%-28.8%
Market cap$362.4M$285.8M
ExchangeAMEXAMEX
Expense ratio1.04%1.34%
Assets under management$354.7M$286.0M
Number of holdings69
Top 10 concentration—99.1%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

CONY

$1006.26/mo

$12075 /yr at 120.75% yield

YMAG

$398.89/mo

$4787 /yr at 47.87% yield

Dividend history
Total dividends paid per share in each calendar year. CONY pays monthly; YMAG pays monthly.
YearCONYYMAG
2025$75.5777$7.4382
2024$202.9790—
Strategy: Single-stock option income
Funds that hold synthetic exposure to one stock, or a basket of them, and sell call options against it every week or month to pay very large distributions. The payout comes from option premium, which is high because the underlying stocks are volatile. When the stock rallies hard, the fund keeps only a slice of the gain; when it falls, the fund takes most of the loss.

Distributions can include return of capital and the share price tends to erode over time, so the headline yield overstates what the investor actually keeps.

What CONY vs YMAG actually do

CONY
A YieldMax fund that sells options tied to Coinbase Global stock for weekly income, without holding the shares.

Exposure is synthetic: the fund buys calls and sells puts at matching strikes to replicate roughly 100% of the stock's price movement, then writes calls or call spreads on top to collect premium. Coinbase's earnings move with crypto trading volume, so both the stock and the option premium swing hard with the crypto cycle, and the distribution swings with them. Like others in the range it charges around 1% a year and has paid distributions that included return of capital.

Suits only a speculative sleeve sized so that a total loss would not matter. The structure concentrates single-company risk, caps the upside that would otherwise compensate for it, and can erode net asset value over time while still paying out, so it does not behave like the income funds it is often compared against.

Speculative, single-stock, capital at high risk

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jan 30, 2024 would now be worth $8,054 in CONY and $12,026 in YMAG.
PeriodCONYYMAG
1 month-8.69%-1.33%
3 months10.46%-3.88%
Year to date-18.30%-21.57%
1 year-42.48%-23.61%
3 years13.56%—
5 years——
  • CONY
  • YMAG
5513221020242025202681120

Both series indexed to 100 on 2024-01-30 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • CONY
  • YMAG
0%25%50%75%100%Cash & Others100.0%0.9%Financial Services99.1%
Top 10 holdings
Largest positions by portfolio weight.

YMAG9 holdings total

NameWeight
MSFOYieldMax MSFT Option Income Strategy ETF14.63%
AMZYYieldMax Amzn Option Income ETF14.32%
APLYYieldMax AAPL Option Income Strategy ETF14.30%
FBYYieldMax Meta Option Income Strategy ETF14.17%
GOOYYieldMax GOOGL Option Income Strategy ETF13.96%
NVDYYieldMax NVDA Option Income Strategy ETF13.91%
TSLYYieldMax Tsla Option Income ETF13.79%

Quick verdict

CONY fits better if you care most about lower fees and more income today. YMAG fits better if you care most about stronger 1-year returns, smaller drawdowns and broader diversification. Model the holding inside your real portfolio before deciding.

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Forecast dividend income, track payouts, and see how CONY vs YMAG fits with the rest of your holdings. Free to start — no credit card required for the trial.
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Frequently asked questions

Is CONY or YMAG better for dividend income?
It depends on your goals. CONY currently yields 120.75% Trailing Twelve Months (TTM) while YMAG yields 47.87%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between CONY and YMAG?
YieldMax COIN Option Income Strategy ETF (CONY) is an ETF listed on AMEX. YieldMax Magnificent 7 Fund of Option Income ETF (YMAG) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, CONY or YMAG?
CONY has the lower expense ratio. CONY charges 1.04% a year and YMAG charges 1.34%, a difference of $30 a year on a $10,000 investment.
Which has performed better, CONY or YMAG?
Over the last 1 year, YMAG has the higher total return with dividends reinvested: CONY returned -42.5% and YMAG returned -23.6%. Past performance does not predict future returns.
Which is riskier, CONY or YMAG?
Measured by the worst peak-to-trough decline over the last five years, CONY has been riskier: CONY fell as much as 68.8% and YMAG as much as 28.8%. Their betas are 1.93 and 1.08.
How often do CONY and YMAG pay dividends?
Both pay monthly. The most recent payments were $0.2148 for CONY and $0.0768 for YMAG.
How much income does $10,000 in CONY vs YMAG generate?
At current TTM yields, $10,000 in CONY would generate roughly $1006.26 per month ($12075 annually). The same amount in YMAG would produce about $398.89 per month ($4787 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both CONY and YMAG?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare CONY vs YMAG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how CONY and YMAG fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.