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 8, 2026|Data: Yahoo Finance + SEC filings
Avg Stated Yield
1458.5%
Avg Real Return
+680.2%
Winners
15
Losers
14
Pivoted
0
New/Partial
4
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 | 104.5% | +906.6% | +1658.2% | |
| 3 | YieldMax MRNA Option Income | 99.0% | +340.3% | +549.2% | |
| 4 | YieldMax PLTR Option Income | 105.9% | +14.8% | +114.0% | |
| 5 | YieldMax CVNA Option Income Strategy ETF | 79.1% | +4.1% | +112.5% | |
| 6 | YieldMax Semiconductor Option Income | 90.8% | -10.9% | +107.7% | |
| 7 | MAAY10mo GraniteShares YieldBOOST META ETF | 92.8% | -50.1% | +94.0% | |
| 8 | Roundhill HOOD WeeklyPay ETF | 79.2% | -5.7% | +91.9% | |
| 9 | YieldMax CRCL Option Income Strategy ETF | 83.3% | -20.9% | +78.8% | |
| 10 | RGYY10mo GraniteShares YieldBOOST RGTI ETF | 85.6% | -52.0% | +78.4% | |
| 11 | T-REX 2X Long SNOW Daily Target ETF | 534.8% | +37.6% | +42.7% | |
| 12 | Roundhill COIN Weekly Income | 100.5% | -49.2% | +34.0% | |
| 13 | YieldMax HOOD Option Income | 84.2% | -47.1% | +30.3% | |
| 14 | HMYY9mo GraniteShares YieldBOOST HIMS ETF | 79.6% | -71.5% | +27.5% | |
| 15 | Defiance Daily Target 2X Long RIOT ETF | 2489.0% | -18.4% | +18.4% | |
| 16 | Roundhill MSTR Weekly Income | 89.0% | -68.4% | -3.5% | |
| 17 | GraniteShares PTIR ETF | 556.6% | -19.4% | -12.6% | |
| 18 | T-REX 2X Long MSFT Daily Target ETF | 425.6% | -19.2% | -14.5% | |
| 19 | Defiance Daily Target 2X Long RKLB ETF | 202.4% | -41.8% | -18.9% | |
| 20 | Defiance Daily Target 2X Long HOOD ETF | 420.0% | -46.6% | -36.0% | |
| 21 | GraniteShares 2x Long UBER Daily ETF | 681.4% | -47.2% | -39.8% | |
| 22 | T-REX 2X Long HOOD Daily Target ETF | 572.4% | -45.2% | -41.8% | |
| 23 | T-REX 2X Long GLXY Daily Target ETF | 533.7% | -59.3% | -54.7% | |
| 24 | Defiance Daily Target 2X Long SOFI ETF | 309.1% | -72.1% | -61.6% | |
| 25 | T-REX 2X Long CRWV Daily Target ETF | 328.7% | -66.9% | -66.5% | |
| 26 | T-REX 2X Long KITT Daily Target ETF | 80.0% | -81.5% | -79.7% | |
| 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 1458% drops to a real return of +680% after accounting for NAV erosion.
Winners vs Losers
15 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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