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 Oct 21, 2026|Data: Yahoo Finance + SEC filings
Avg Stated Yield
1503.8%
Avg Real Return
+645.7%
Winners
14
Losers
14
Pivoted
0
New/Partial
2
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% | -90.3% | +17398.2% | |
| 2 | YieldMax MRNA Option Income | 91.5% | +534.4% | +779.2% | |
| 3 | YieldMax AMD Option Income | 80.8% | +92.3% | +237.8% | |
| 4 | GraniteShares YieldBOOST SMCI ETF | 75.0% | -34.8% | +108.4% | |
| 5 | MAAY11mo GraniteShares YieldBOOST META ETF | 95.7% | -52.9% | +100.2% | |
| 6 | YieldMax PLTR Option Income | 81.9% | +11.2% | +89.6% | |
| 7 | Roundhill PLTR Weekly Income | 75.6% | +3.1% | +69.5% | |
| 8 | YieldMax GME Option Income | 77.8% | -8.3% | +55.4% | |
| 9 | YieldMax HOOD Option Income | 80.8% | -35.5% | +53.4% | |
| 10 | YieldMax Semiconductor Option Income | 75.0% | -36.8% | +49.0% | |
| 11 | HMYY10mo GraniteShares YieldBOOST HIMS ETF | 79.7% | -60.2% | +43.0% | |
| 12 | YieldMax MSTR Option Income | 89.2% | -43.6% | +31.6% | |
| 13 | YieldMax MARA Option Income | 79.8% | -64.8% | +20.8% | |
| 14 | T-REX 2X Long SNOW Daily Target ETF | 534.8% | +5.1% | +9.4% | |
| 15 | T-REX 2X Long MSFT Daily Target ETF | 425.6% | -15.1% | -10.6% | |
| 16 | GraniteShares PTIR ETF | 556.6% | -20.1% | -14.9% | |
| 17 | GraniteShares 2x Long UBER Daily ETF | 681.4% | -56.7% | -49.0% | |
| 18 | Defiance Daily Target 2X Long HOOD ETF | 420.0% | -70.5% | -61.5% | |
| 19 | Defiance Daily Target 2X Long RKLB ETF | 202.4% | -77.9% | -64.3% | |
| 20 | T-REX 2X Long HOOD Daily Target ETF | 572.4% | -69.7% | -66.8% | |
| 21 | Defiance Daily Target 2X Long RIOT ETF | 2489.0% | -85.5% | -67.8% | |
| 22 | Defiance Daily Target 2X Long SOFI ETF | 309.1% | -84.5% | -75.4% | |
| 23 | T-REX 2X Long KITT Daily Target ETF | 80.0% | -91.3% | -90.1% | |
| 24 | T-REX 2X Long CRWV Daily Target ETF | 328.7% | -91.3% | -91.1% | |
| 25 | Defiance Daily Target 2X Long SOUN ETF | 449.3% | -97.4% | -92.4% | |
| 26 | T-REX 2X Long RBLX Daily Target ETF | 129.0% | -92.9% | -92.5% | |
| 27 | T-REX 2X Long GLXY Daily Target ETF | 533.7% | -94.6% | -93.0% | |
| 28 | T-REX 2X Long SMR Daily Target ETF | 15922.2% | -99.9% | -97.6% | |
| 29 | Defiance Leveraged Long Income Ethereum ETF | 91.1% | - | - | |
| 30 | YieldMax SQ Option Income | 85.6% | - | - |
Key Insights
The Yield Gap
The average stated yield of 1504% drops to a real return of +646% after accounting for NAV erosion.
Winners vs Losers
14 of 28 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.
Want to run this analysis on your own holdings?