Tier 5 Analysis
Real Net Return Analysis
The truth behind 50%+ yields. We calculate what you actually made (distributions received minus NAV erosion) over the last 12 months.
What This Page Covers
- Real return rankings for Tier 5 high-yield ETFs.
- Yield vs NAV erosion analysis across recent 12-month windows.
- Winners, losers, and strategy pivots explained.
Updated Feb 17, 2026|Data: Yahoo Finance + SEC filings
Avg Stated Yield
758.3%
Avg Real Return
+627.0%
Winners
16
Losers
14
Pivoted
1
New/Partial
19
How we calculate Real Return: NAV Change (price appreciation/depreciation) + Distributions Received, annualized. A fund showing 60% yield but -50% NAV change has a real return of only +10%.
PIVOT = Strategy changed. Analysis starts from pivot date.NEW = Product launched within last 3 months.Xmo= Less than 12 months of data available. Returns annualized from available period.
| # | Ticker | Stated Yield | NAV Change | Real Return | |
|---|---|---|---|---|---|
| 1 | MSTX11mo Defiance Daily Target 2x Long MSTR ETF | 17488.5% | -101.9% | +17386.6% | |
| 2 | RKLX11mo Defiance Daily Target 2X Long RKLB ETF | 146.2% | +611.3% | +734.3% | |
| 3 | YieldMax AMD Option Income | 57.3% | +43.2% | +175.0% | |
| 4 | HOOW8mo Roundhill HOOD WeeklyPay ETF | 99.4% | -17.2% | +155.1% | |
| 5 | ULTYPIVOT YieldMax Ultra Option Income | 73.0% | +6.1% | +151.3% | |
| 6 | YieldMax CVNA Option Income Strategy ETF | 104.4% | +13.2% | +136.2% | |
| 7 | HOOX11mo Defiance Daily Target 2X Long HOOD ETF | 227.3% | +68.4% | +131.9% | |
| 8 | YieldMax Short COIN Option Income Strategy ETF | 70.2% | -2.7% | +119.4% | |
| 9 | YieldMax MRNA Option Income | 63.3% | +10.0% | +109.0% | |
| 10 | AVGW7mo Roundhill AVGO Weekly Income | 70.2% | +20.5% | +95.5% | |
| 11 | PLT5mo Defiance PLTR Leveraged Option Income | 72.7% | -1.0% | +84.1% | |
| 12 | YieldMax MARA Option Income | 105.5% | -54.7% | +81.4% | |
| 13 | Roundhill Nasdaq 100 0DTE Income | 65.1% | +10.8% | +61.5% | |
| 14 | YieldMax COIN Option Income | 78.9% | -48.9% | +59.2% | |
| 15 | ProShares Bitcoin ETF | 104.4% | -31.4% | +31.6% | |
| 16 | GMEY5mo YieldMax GME Option Income | 62.9% | -23.9% | +25.4% | |
| 17 | YieldMax AI Option Income | 101.9% | -64.0% | -3.8% | |
| 18 | Defiance Daily Target 2X Long SOFI ETF | 207.8% | -25.9% | -7.9% | |
| 19 | RBLY7mo YieldMax RBLX Option Income Strategy ETF | 62.5% | -68.0% | -11.1% | |
| 20 | Defiance Daily Target 2X Long RIOT ETF | 2313.3% | -43.8% | -13.4% | |
| 21 | RDYY5mo YieldMax RDDT Option Income Strategy ETF | 105.3% | -97.5% | -20.3% | |
| 22 | DRAY7mo YieldMax DKNG Option Income Strategy ETF | 77.9% | -76.5% | -22.7% | |
| 23 | YBMN3mo Defiance BMNR Option Income ETF | 64.8% | -96.3% | -39.5% | |
| 24 | CRCO5mo YieldMax CRCL Option Income Strategy ETF | 118.0% | -118.4% | -47.0% | |
| 25 | ARMW4mo Roundhill ARM Weekly Income | 81.9% | -91.9% | -50.9% | |
| 26 | MSTW7mo Roundhill MSTR Weekly Income | 122.3% | -133.7% | -80.1% | |
| 27 | SOUX8mo Defiance Daily Target 2X Long SOUN ETF | 361.6% | -107.2% | -88.9% | |
| 28 | UNHWNEW Roundhill UNH Weekly Income | 65.5% | -112.8% | -95.7% | |
| 29 | HIYY5mo YieldMax HOOD Option Income | 81.5% | -158.1% | -107.1% | |
| 30 | ETHI4mo Defiance Leveraged Long Income Ethereum ETF | 95.2% | -196.4% | -137.8% |
Key Insights
The Yield Gap
The average stated yield of 758% drops to a real return of +627% after accounting for NAV erosion.
Winners vs Losers
16 of 30 funds delivered positive real returns.
The Bottom Line
Some Tier 5 funds deliver real value, but due diligence is critical. Always check the NAV trend before buying.
Want to run this analysis on your own holdings?