YieldMax SMCI Option Income Strategy ETF (SMCY) Performance
SMCY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.4% since Dec 31, 2025
- 1 year
- −32.3% total return
- Since first price
- −43.6% since 2024
SMCY trailing returns vs SPY, QQQ, AGG
| Period | SMCY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −19.6% | −24.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | −15.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.2% | −27.9% | +7.8% | +8.4% | −1.5% |
| YTD | −0.4% | −48.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −32.3% | −70.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 12, 2024 | −43.6% | −91.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SMCY vs SPY
From Sep 12, 2024: SMCY grew to $5,641, SPY to $13,949.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SMCY returns by calendar year
0 of 1 full years positive. Best 2025 (−15.4%), worst 2025 (−15.4%). 2026 is year to date.
SMCY annual returns table
| Year | SMCY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.4% | −46.6% | +12.3% | +15.1% | −1.0% |
| 2025 | −15.4% | −46.4% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SMCY largest drawdowns
Now 52.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 29, 2024 | −64.7% | Mar 20, 2026 | not yet | 1.4 years | 2.0 years so far |
| Sep 24, 2024 | −11.3% | Oct 1, 2024 | Oct 7, 2024 | 7 days | 13 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SMCY risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −15.8% |
| Volatility (annualized) | 70.8% |
| Sharpe ratio | 0.04 |
| Sortino ratio | 0.06 |
| Best month | +49.3% |
| Worst month | −32.3% |
| Best 12 months | +24.3% |
| Worst 12 months | −50.3% |
| Positive months | 46% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SMCY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | −50.3% | −16.3% | +24.3% | 14% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
SMCY performance overview
YieldMax SMCI Option Income Strategy ETF (SMCY) returned −32.3% over the past year, with distributions reinvested. Since its first recorded price on Sep 12, 2024 it has returned −43.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −64.7%, from Oct 29, 2024 to Mar 20, 2026; the fund has not yet regained that high. Volatility has been 70.8% a year.
Related: SMCY chart, SMCY dividends. See the SMCY overview for the latest quote and fund facts.
SMCY performance FAQ
What is the SMCY return over the past year?
SMCY returned −32.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 70.4%.
How much would $10,000 invested in SMCY be worth?
$10,000 invested in SMCY at its first recorded close on September 12, 2024 would be worth about $5,641 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of SMCY?
The largest peak-to-trough decline was −64.7% between October 29, 2024 and March 20, 2026. It has not yet recovered to that high; it is 52.0% below its peak.
How volatile is SMCY?
Over the past history SMCY had an annualized volatility of 70.8% and a Sharpe ratio of 0.04 (excess return over 1–3 month T-bills per unit of risk).