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YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY)



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Upturn Advisory Summary
07/17/2025: RDTY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 8.72% | Avg. Invested days 39 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 36.12 - 46.33 | Updated Date 06/6/2025 |
52 Weeks Range 36.12 - 46.33 | Updated Date 06/6/2025 |
Upturn AI SWOT
YieldMax™ R2000 0DTE Covered Call Strategy ETF
ETF Overview
Overview
The YieldMaxu2122 R2000 0DTE Covered Call Strategy ETF (RSPP) aims to generate income by investing in R2000 (Russell 2000 Index) options and employing a 0DTE (zero days to expiration) covered call strategy on the index. It provides exposure to small-cap stocks while generating income through options premiums.
Reputation and Reliability
YieldMax ETFs is a relatively new issuer focusing on income-generating strategies, including covered calls and options-based products.
Management Expertise
The management team comprises individuals with expertise in options trading and ETF management, focusing on delivering high income.
Investment Objective
Goal
The ETF seeks current income while providing exposure to the Russell 2000 index.
Investment Approach and Strategy
Strategy: Employs a 0DTE covered call strategy on the Russell 2000 index. The strategy involves buying or owning securities equivalent to the R2000 and selling corresponding call options, expiring on the same day, to generate income.
Composition Primarily holds options contracts on the Russell 2000 index, as well as potentially holding some underlying R2000 constituents or other assets.
Market Position
Market Share: Difficult to directly assess market share due to its unique strategy and relatively new presence. It carves a niche in the covered call space.
Total Net Assets (AUM): 19773231
Competitors
Key Competitors
- Defiance R2000 Enhanced Option Income ETF (IWMY)
- Global X Russell 2000 Covered Call ETF (RYLD)
Competitive Landscape
The competitive landscape consists of other covered call ETFs, particularly those focusing on the Russell 2000. RSPP distinguishes itself by using a 0DTE strategy, potentially offering higher income but also higher risk and volatility. Competitors like RYLD employ a more traditional covered call approach.
Financial Performance
Historical Performance: Historical performance data is limited due to the ETF's recent inception. Past performance is not indicative of future results.
Benchmark Comparison: Comparisons should be made against the Russell 2000 index and other covered call ETFs, noting the differences in strategy.
Expense Ratio: 0.99
Liquidity
Average Trading Volume
The ETF's trading volume is moderate, which can affect the ease of buying and selling shares.
Bid-Ask Spread
The bid-ask spread fluctuates based on market conditions and demand, impacting the cost of trading.
Market Dynamics
Market Environment Factors
Performance is heavily influenced by the volatility of the Russell 2000 index and the effectiveness of the 0DTE covered call strategy.
Growth Trajectory
Growth depends on investor demand for high-income products and the ETF's ability to consistently generate attractive returns compared to its peers.
Moat and Competitive Advantages
Competitive Edge
The ETF's unique 0DTE covered call strategy differentiates it from traditional covered call ETFs. This approach aims to capitalize on intraday market movements to generate higher income. However, it also introduces higher complexity and risk. The daily expiration of options requires active management and precise execution. The focus on daily options differentiates it from monthly covered call strategies.
Risk Analysis
Volatility
Due to the 0DTE strategy, the ETF experiences high volatility. Returns can fluctuate significantly, making it a high-risk investment.
Market Risk
The ETF is exposed to market risk related to the Russell 2000 index, which can be affected by economic conditions and investor sentiment towards small-cap stocks.
Investor Profile
Ideal Investor Profile
Suitable for sophisticated investors seeking high current income and comfortable with high risk and volatility.
Market Risk
Best suited for active traders or investors with a short-term focus due to the ETF's high turnover and daily options strategy.
Summary
The YieldMaxu2122 R2000 0DTE Covered Call Strategy ETF (RSPP) is a high-risk, high-reward investment vehicle designed to generate income through a 0DTE covered call strategy on the Russell 2000 index. Its unique approach differentiates it from traditional covered call ETFs, potentially offering higher yields but also increased volatility. It is best suited for sophisticated investors who are comfortable with active trading and complex options strategies. Due to its high expense ratio and daily strategy, it's important to understand the intricacies before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- YieldMax ETFs Website
- ETF.com
- Bloomberg
Disclaimers:
This analysis is based on available information and should not be considered financial advice. Investing in ETFs involves risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About YieldMax™ R2000 0DTE Covered Call Strategy ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund seeks to achieve its investment objective by employing a synthetic covered call strategy, designed to generate current income on a weekly basis while also providing exposure to the price return of the Russell 2000 Index. In executing this strategy, the manager will utilize call options that reference the index or on passively managed ETFs that seek to track the index"s performance. The fund is non-diversified.

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