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 Sep 6, 2026|Data: Yahoo Finance + SEC filings
Avg Stated Yield
1460.1%
Avg Real Return
+665.6%
Winners
16
Losers
13
Pivoted
0
New/Partial
5
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%.
Xmo= Less than 12 months of data available. Returns annualized from available period.
| # | Ticker | Stated Yield | NAV Change | Real Return | |
|---|---|---|---|---|---|
| 1 | Defiance Daily Target 2x Long MSTR ETF | 17488.5% | -92.8% | +17395.7% | |
| 2 | SQY10mo YieldMax SQ Option Income | 111.2% | +906.6% | +1658.2% | |
| 3 | YieldMax PLTR Option Income | 90.6% | +14.8% | +114.0% | |
| 4 | YieldMax Semiconductor Option Income | 85.7% | -10.9% | +107.7% | |
| 5 | MAAY10mo GraniteShares YieldBOOST META ETF | 99.0% | -50.1% | +94.0% | |
| 6 | QBY9mo GraniteShares YieldBOOST QBTS ETF | 85.6% | -53.1% | +87.4% | |
| 7 | YieldMax MARA Option Income | 85.9% | -40.2% | +84.4% | |
| 8 | YieldMax CRCL Option Income Strategy ETF | 94.7% | -20.9% | +78.8% | |
| 9 | RGYY10mo GraniteShares YieldBOOST RGTI ETF | 90.0% | -52.0% | +78.4% | |
| 10 | YieldMax COIN Option Income | 86.2% | -36.0% | +51.7% | |
| 11 | T-REX 2X Long SNOW Daily Target ETF | 534.8% | +37.6% | +42.7% | |
| 12 | Roundhill COIN Weekly Income | 95.3% | -49.2% | +34.0% | |
| 13 | YieldMax HOOD Option Income | 114.1% | -47.1% | +30.3% | |
| 14 | YieldMax MSTR Option Income | 90.7% | -52.1% | +27.7% | |
| 15 | HMYY9mo GraniteShares YieldBOOST HIMS ETF | 84.8% | -71.5% | +27.5% | |
| 16 | Defiance Daily Target 2X Long RIOT ETF | 2489.0% | -18.4% | +18.4% | |
| 17 | Roundhill MSTR Weekly Income | 87.5% | -68.4% | -3.5% | |
| 18 | GraniteShares PTIR ETF | 556.6% | -19.4% | -12.6% | |
| 19 | T-REX 2X Long MSFT Daily Target ETF | 425.6% | -19.2% | -14.5% | |
| 20 | Defiance Daily Target 2X Long RKLB ETF | 202.4% | -41.8% | -18.9% | |
| 21 | Defiance Daily Target 2X Long HOOD ETF | 420.0% | -46.6% | -36.0% | |
| 22 | GraniteShares 2x Long UBER Daily ETF | 681.4% | -47.2% | -39.8% | |
| 23 | T-REX 2X Long HOOD Daily Target ETF | 572.4% | -45.2% | -41.8% | |
| 24 | T-REX 2X Long GLXY Daily Target ETF | 533.7% | -59.3% | -54.7% | |
| 25 | Defiance Daily Target 2X Long SOFI ETF | 309.1% | -72.1% | -61.6% | |
| 26 | T-REX 2X Long CRWV Daily Target ETF | 328.7% | -66.9% | -66.5% | |
| 27 | Defiance Daily Target 2X Long SOUN ETF | 449.3% | -92.3% | -86.0% | |
| 28 | T-REX 2X Long RBLX Daily Target ETF | 129.0% | -94.7% | -94.3% | |
| 29 | T-REX 2X Long SMR Daily Target ETF | 15922.2% | -99.7% | -97.3% | |
| 30 | Defiance Leveraged Long Income Ethereum ETF | 91.1% | - | - |
Key Insights
The Yield Gap
The average stated yield of 1460% drops to a real return of +666% after accounting for NAV erosion.
Winners vs Losers
16 of 29 funds delivered positive real returns.
The Bottom Line
High-octane yields are often illusions. NAV erosion eats more than half the stated return on average.
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