SNOY: Harnessing Snowflake's Volatility For Income

  • SNOY offers a high estimated distribution rate (35.7%) by capitalizing on Snowflake's volatility, but suffers from price decline and capped upside potential. The fund's synthetic option strategy increases risk and underperforms SNOW's total return, making it less attractive for growth-focused investors. SNOY's distributions rely heavily on return of capital, which is tax-efficient but may decline over time, mirroring other YieldMax funds.