See what your fund actually adds

YieldMax JP Option Income Strategy ETF JPO

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

JPO compared with its replication portfolio
MeasureJPOReplication
Annualized growth14.0%19.1%
Annualized volatility18.3%15.3%
Sharpe ratio0.811.22
Maximum drawdown23.0%15.0%
Replication fit (R²)0.71 · Tracking error 9.8%

Replication portfolio

The published portfolio below is the investable basket used to model JPO’s historical return behavior.

JPO replication basket weights
TickerBuilding blockWeight
XLFSector · Financials83.6%
MTUMFactor · Momentum9.4%
XLESector · Energy7.0%