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 Jul 7, 2026|Data: Yahoo Finance + SEC filings
Avg Stated Yield
1424.7%
Avg Real Return
+707.4%
Winners
16
Losers
14
Pivoted
0
New/Partial
10
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% | -97.4% | +17391.1% | |
| 2 | YieldMax SQ Option Income | 123.0% | +1367.0% | +2627.2% | |
| 3 | YieldMax MSTR Short Option Income Strategy ETF | 122.2% | +86.5% | +286.3% | |
| 4 | SEMY8mo GraniteShares YieldBOOST Semiconductor ETF | 99.0% | +56.3% | +263.9% | |
| 5 | YieldMax MRNA Option Income | 95.8% | +95.8% | +236.3% | |
| 6 | ARMW9mo Roundhill ARM Weekly Income | 217.8% | +130.8% | +227.8% | |
| 7 | YieldMax Short COIN Option Income Strategy ETF | 118.4% | +34.6% | +181.2% | |
| 8 | IOYY8mo GraniteShares YieldBOOST IONQ ETF | 101.2% | -37.5% | +131.2% | |
| 9 | SMYY10mo GraniteShares YieldBOOST SMCI ETF | 98.6% | -36.7% | +120.9% | |
| 10 | Defiance Daily Target 2X Long RKLB ETF | 202.4% | +89.3% | +119.8% | |
| 11 | YieldMax MARA Option Income | 93.4% | -35.9% | +94.2% | |
| 12 | QBY7mo GraniteShares YieldBOOST QBTS ETF | 98.9% | -50.0% | +90.0% | |
| 13 | MAAY8mo GraniteShares YieldBOOST META ETF | 93.8% | -60.7% | +79.4% | |
| 14 | Defiance Daily Target 2X Long RIOT ETF | 2489.0% | +29.9% | +72.0% | |
| 15 | RGYY8mo GraniteShares YieldBOOST RGTI ETF | 99.1% | -55.0% | +71.8% | |
| 16 | HIYY10mo YieldMax HOOD Option Income | 98.9% | -37.7% | +29.3% | |
| 17 | Defiance Daily Target 2X Long HOOD ETF | 420.0% | -19.8% | -4.6% | |
| 18 | T-REX 2X Long HOOD Daily Target ETF | 572.4% | -17.5% | -12.6% | |
| 19 | T-REX 2X Long SNOW Daily Target ETF | 534.8% | -17.4% | -12.6% | |
| 20 | Defiance Daily Target 2X Long SOFI ETF | 309.1% | -45.6% | -27.8% | |
| 21 | GraniteShares PTIR ETF | 556.6% | -37.2% | -29.1% | |
| 22 | T-REX 2X Long MSFT Daily Target ETF | 425.6% | -50.2% | -45.6% | |
| 23 | GraniteShares 2x Long UBER Daily ETF | 681.4% | -53.4% | -46.5% | |
| 24 | GLXU11mo T-REX 2X Long GLXY Daily Target ETF | 533.7% | -73.0% | -69.3% | |
| 25 | T-REX 2X Long CRWV Daily Target ETF | 328.7% | -77.4% | -75.2% | |
| 26 | Defiance Daily Target 2X Long SOUN ETF | 449.3% | -86.0% | -76.7% | |
| 27 | Defiance Daily Target 2X Long HIMS ETF | 147.1% | -78.4% | -77.7% | |
| 28 | T-REX 2X Long RBLX Daily Target ETF | 129.0% | -85.3% | -84.7% | |
| 29 | T-REX 2X Long SMR Daily Target ETF | 15922.2% | -99.9% | -98.9% | |
| 30 | ETHI4mo Defiance Leveraged Long Income Ethereum ETF | 91.1% | -196.4% | -137.8% |
Key Insights
The Yield Gap
The average stated yield of 1425% drops to a real return of +707% after accounting for NAV erosion.
Winners vs Losers
16 of 30 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?