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- Upturn Summary
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- Fund Details
YieldMax™ AMZN Option Income Strategy ETF(AMZY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AMZY
09/17/2026: AMZY (3-star) is a WEAK-BUY. BUY for 28 days. Simulated Profits (-6.92%). Updated daily EoD!
AMZY is an actively managed ETF that provides high monthly income by selling synthetic covered call options on Amazon (AMZN) stock. It achieves this by creating a synthetic long position and writing call options, allowing investors to harvest volatility premiums rather than capture stock-price growth. While it offers an effective way to generate income from a high-growth tech stock, it carries significant risks, including the potential for NAV erosion and capped price appreciation. The fund is most suitable for income-focused investors who can tolerate high volatility and understand the nuances of a derivative-based strategy, rather than those seeking long-term capital growth.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The capped upside strategy prevents investors from participating in full Amazon stock rallies. |
| Momentum investor | Weak fit | This fund is designed for income rather than capturing momentum-driven price breakouts. |
| Value investor | Mixed fit | Income-focused investors may find value in the yield, but the underlying volatility remains high. |
| Dividend/Income investor | Strong fit | The fund is specifically designed to provide high monthly cash flow to income-seeking investors. |
| Low-risk investor | Weak fit | The high volatility of the underlying stock and the nature of options trading present significant risk. |
Investor Profile
Ideal Investor Profile
Income-oriented investors who want exposure to AMZN but are willing to sacrifice price appreciation for immediate cash distributions.
Suitability
Best for investors who understand options and seek income, but not recommended for long-term buy-and-hold investors expecting capital growth.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The fund's income and share price are tied to the high volatility of AMZN. |
| Market risk | High | A sharp decline in AMZN stock will significantly impact the fund's net asset value. |
| Concentration | High | The fund is exclusively exposed to a single stock (AMZN), lacking diversification. |
| Tracking/expense | Medium | The 0.99% expense ratio is a meaningful drag on net returns. |
| Liquidity | Medium | While generally liquid, options market dislocations can occasionally affect pricing. |
| Business/sector quality | Medium | The fund's performance is intrinsically linked to the operational success of Amazon. |
Risk Analysis
Volatility
AMZY exhibits high volatility because it is tied to the price action of Amazon, and its strategy does not provide downside protection against large price drops.
Market Risk
The primary risk is the concentration in AMZN; if the stock underperforms or declines, the fund's NAV will likely decrease, potentially offsetting the income earned.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Synthetic AMZN Long Position (via options) | 95 | This provides the underlying equity exposure to AMZN stock prices without direct ownership of shares. |
| Cash/collateral | US Treasury Bonds/Cash Equivalents | 5 | These assets serve as collateral for the derivative positions and earn interest. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 10.16% | Avg. Invested days 57 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/17/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 17, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $227.50M |
| Issuer | YieldMax ETFs |
| Expense Ratio | 1.01% |
| Distribution Yield | 24.49% |
| Inception | Jul 24, 2023 |
Performance
| Period | Total Return |
|---|---|
| YTD | +2.86% |
| 1 Year | +2.51% |
| 3 Year | +18.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 30.99% |
| 3Y Volatility | 23.63% |
| 3Y Sharpe Ratio | 0.72 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 2.0% |
Top Holdings
| Holding | Weight |
|---|---|
| First American Funds. - Government Obligations Fund | 3.07% |
Upturn AI Summary
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.
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