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 Nov 10, 2026|Data: Yahoo Finance + SEC filings
Avg Stated Yield
1503.6%
Avg Real Return
+654.1%
Winners
12
Losers
16
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% | -89.5% | +17399.0% | |
| 2 | YieldMax MRNA Option Income | 81.1% | +612.2% | +906.5% | |
| 3 | YieldMax Short COIN Option Income Strategy ETF | 87.2% | +58.9% | +213.4% | |
| 4 | YieldMax MSTR Short Option Income Strategy ETF | 80.4% | +15.1% | +176.4% | |
| 5 | GraniteShares YieldBOOST SMCI ETF | 75.1% | -28.6% | +118.0% | |
| 6 | GraniteShares YieldBOOST META ETF | 93.8% | -50.4% | +97.6% | |
| 7 | QBY11mo GraniteShares YieldBOOST QBTS ETF | 75.5% | -48.8% | +90.8% | |
| 8 | YieldMax CRCL Option Income Strategy ETF | 78.4% | -31.0% | +87.4% | |
| 9 | GraniteShares YieldBOOST HOOD ETF | 74.5% | -49.1% | +69.8% | |
| 10 | YieldMax HOOD Option Income | 84.2% | -38.5% | +57.8% | |
| 11 | HMYY11mo GraniteShares YieldBOOST HIMS ETF | 84.5% | -57.1% | +43.7% | |
| 12 | YieldMax DKNG Option Income Strategy ETF | 84.3% | -40.8% | +27.7% | |
| 13 | T-REX 2X Long MSFT Daily Target ETF | 425.6% | -7.4% | -2.7% | |
| 14 | Roundhill COIN Weekly Income | 78.6% | -67.0% | -13.3% | |
| 15 | T-REX 2X Long SNOW Daily Target ETF | 534.8% | -28.1% | -24.3% | |
| 16 | Defiance Daily Target 2X Long RKLB ETF | 202.4% | -58.7% | -35.7% | |
| 17 | Defiance Daily Target 2X Long RIOT ETF | 2489.0% | -68.1% | -40.8% | |
| 18 | GraniteShares 2x Long UBER Daily ETF | 681.4% | -53.1% | -45.5% | |
| 19 | GraniteShares PTIR ETF | 556.6% | -50.3% | -45.6% | |
| 20 | Defiance Daily Target 2X Long HOOD ETF | 420.0% | -81.1% | -72.3% | |
| 21 | Defiance Daily Target 2X Long SOFI ETF | 309.1% | -82.6% | -74.0% | |
| 22 | T-REX 2X Long HOOD Daily Target ETF | 572.4% | -80.8% | -78.0% | |
| 23 | T-REX 2X Long KITT Daily Target ETF | 80.0% | -89.5% | -87.7% | |
| 24 | Defiance Daily Target 2X Long SOUN ETF | 449.3% | -96.7% | -88.1% | |
| 25 | T-REX 2X Long RBLX Daily Target ETF | 129.0% | -89.4% | -88.6% | |
| 26 | T-REX 2X Long GLXY Daily Target ETF | 533.7% | -93.5% | -90.3% | |
| 27 | T-REX 2X Long CRWV Daily Target ETF | 328.7% | -92.8% | -92.5% | |
| 28 | T-REX 2X Long SMR Daily Target ETF | 15922.2% | -99.9% | -95.1% | |
| 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 +654% after accounting for NAV erosion.
Winners vs Losers
12 of 28 funds delivered positive real returns. The majority destroyed wealth despite high headline yields.
The Bottom Line
High-octane yields are often illusions. NAV erosion eats more than half the stated return on average.
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