<p>YieldMax 因提供多种使用备兑权的 ETF 而闻名，这些 ETF 为投资者带来了丰厚的收益。<strong>YieldMax 选项收入 ETF 宇宙基金</strong>（NYSEARCA:YMAX）持有 YieldMax 的所有选项 ETF，并每月重新平衡投资组合，以确保均匀分配。该基金目前有 32 个持仓。</p>
<p>虽然高收益看起来很诱人，但这并不能说明全部情况。投资者还必须考虑总回报。并非每个表现优异的基金都承诺高收益。例如，<strong>先锋股息增长指数基金 ETF</strong>（NYSEARCA:VIG）在提供 1.69% 收益的同时，交出了相当不错的长期回报。</p>
<p>本分析将根据收益、投资组合、回报和其他细节比较 YMAX 和 VIG，以确定哪个基金是更好的选择。</p>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg"/></p>
<ul>
<li>YMAX 和 VIG 是竞争力强的 ETF，为投资者提供收入。</li>
<li>YMAX 更适合税收优惠的退休账户，而 VIG 更适合经纪账户。</li>
<li>您在退休方面是领先还是落后？SmartAsset 的免费工具可以在几分钟内将您与财务顾问匹配，帮助您今天回答这个问题。每位顾问都经过严格筛选，必须以您的最佳利益为重。不要再浪费时间；点击这里开始吧。(赞助)</li>
</ul>
<h2>历史回报</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/06/Dividend-Growth-Arrow-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/06/Dividend-Growth-Arrow-scaled.jpg"/></p>
<p>VIG 的 1.69% 收益一直是一个有用的资源，过去五年为该基金贡献了年化 13.8% 的回报。过去一年也上涨了 12.0%。</p>
<p>YMAX 自 2024 年 1 月 16 日以来才成立，因此我们没有过去五年的年化回报。该基金在过去一年交出了 17.0% 的回报，88.5% 的 SEC 收益率为其提供了大部分支持。该基金年初至今下跌了约 20%，因此依赖现金分配来产生正回报。</p>
<p>虽然 YMAX 在纸面上有更高的回报，但有两个关键问题需要考虑。第一个问题是费用比率。YMAX 的费用比率高达 1.32%，对于任何基金来说都很高，即使是主动管理的基金。而 VIG 的费用比率则更为宽松，仅为 0.05%。</p>
<p>第二个问题是，YMAX 的所有现金分配在缴税时都算作普通收入。如果您使用 YMAX 而不是 VIG，您将保留更低比例的利润。YMAX 在税收优惠的退休账户中是最佳选择，但如果您处于高税率区间，您可能想要避免使用。</p>
<h2>投资组合</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2465944581-huge-licensed-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2465944581-huge-licensed-scaled.jpg"/></p>
<p>尽管大多数 YieldMax 的 ETF 仅专注于一只股票及其相应的备兑权，但 YMAX 实际上是一个多元化的基金，因为它拥有一系列 YieldMax ETF。该基金有 32 个持仓，并在这些资产之间均匀分配资本。大约 30% 的资产集中在科技行业，大多数股票是时尚选择，而非成熟公司。</p>
<p>YMAX 迎合那些喜欢成长股但又希望获得高收益且无需额外工作的投资者。VIG 的投资组合中也有成长股，尤其是在其前 10 大持仓中。然而，该 ETF 拥有超过 300 只股票，使得成长股的集中度较低。科技和金融服务占据了该基金总资产的近一半。</p>
<p>VIG 更为多元化，但 YMAX 对于大多数投资者来说也有足够的多元化。即使在所有多元化的情况下，这两个基金都优先考虑科技行业。</p>
<h2>结论</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/10/shutterstock-2346359661-huge-licensed-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/10/shutterstock-2346359661-huge-licensed-scaled.jpg"/></p>
<p>对于能够将股份放入税收优惠退休账户的投资者来说，YMAX 可能更有意义。然而，VIG 让您保留更高比例的资本，因为您不会因持有股份而产生显著的应税事件。VIG 也有更成熟的业绩记录，这可能使其对大多数投资者更具吸引力。</p>
<p>本文的标题为《YMAX 与 VIG：超强收益还是稳步股息增长——哪个更值得投资》，首次发布于 24/7 Wall St..</p>

<p>这篇文章比较了两只 ETF：YieldMax Universe Fund of Option Income ETFs（YMAX）和 Vanguard Dividend Appreciation Index Fund ETF（VIG）。YMAX 通过覆盖性看涨期权提供高收益，但其费用比率较高（1.32%），更适合税收优惠账户。VIG 的费用比率较低（0.05%），且长期回报稳健（年化 13.8%），更适合经纪账户。虽然 YMAX 最近的回报较高（17.0%），但 VIG 的良好业绩记录和税收效率使其对大多数投资者更具吸引力</p>

<p>YieldMax is well-known for offering various ETFs that use covered calls to produce tremendous yields for their investors. <strong>YieldMax Universe Fund of Option Income ETFs</strong> (NYSEARCA:YMAX) holds all of YieldMax’s options ETFs and rebalances the portfolio each month to ensure even distribution. The fund currently has 32 holdings.</p>
<div class="lb-trans"><p>YieldMax 因提供多种使用备兑权的 ETF 而闻名，这些 ETF 为投资者带来了丰厚的收益。<strong>YieldMax 选项收入 ETF 宇宙基金</strong>（NYSEARCA:YMAX）持有 YieldMax 的所有选项 ETF，并每月重新平衡投资组合，以确保均匀分配。该基金目前有 32 个持仓。</p>
</div><p>While a high yield may look enticing, it doesn’t tell the entire story. Investors also have to consider total returns. Not every top-performing fund promises a high yield. For instance, the <strong>Vanguard Dividend Appreciation Index Fund ETF</strong> (NYSEARCA:VIG) has delivered some solid long-term returns while offering a 1.69% yield.</p>
<div class="lb-trans"><p>虽然高收益看起来很诱人，但这并不能说明全部情况。投资者还必须考虑总回报。并非每个表现优异的基金都承诺高收益。例如，<strong>先锋股息增长指数基金 ETF</strong>（NYSEARCA:VIG）在提供 1.69% 收益的同时，交出了相当不错的长期回报。</p>
</div><p>This analysis will compare YMAX and VIG based on their yields, portfolios, returns, and other details to determine which fund is the better choice.</p>
<div class="lb-trans"><p>本分析将根据收益、投资组合、回报和其他细节比较 YMAX 和 VIG，以确定哪个基金是更好的选择。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg"/></p>
<ul>
<li>YMAX and VIG are competitive ETFs that deliver income for their investors.</li>
<li>YMAX is more suitable for tax-advantaged retirement accounts, while VIG is better for brokerage accounts.</li>
<li>Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here.(Sponsor)</li>
</ul>
<div class="lb-trans"><ul>
<li>YMAX 和 VIG 是竞争力强的 ETF，为投资者提供收入。</li>
<li>YMAX 更适合税收优惠的退休账户，而 VIG 更适合经纪账户。</li>
<li>您在退休方面是领先还是落后？SmartAsset 的免费工具可以在几分钟内将您与财务顾问匹配，帮助您今天回答这个问题。每位顾问都经过严格筛选，必须以您的最佳利益为重。不要再浪费时间；点击这里开始吧。(赞助)</li>
</ul>
</div><h2>Historical Returns</h2>
<div class="lb-trans"><h2>历史回报</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/06/Dividend-Growth-Arrow-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2025/06/Dividend-Growth-Arrow-scaled.jpg"/></p>
<p>VIG’s 1.69% yield has been a useful resource that has contributed to the fund’s annualized 13.8% return over the past five years. It’s also up by 12.0% over the past year.</p>
<div class="lb-trans"><p>VIG 的 1.69% 收益一直是一个有用的资源，过去五年为该基金贡献了年化 13.8% 的回报。过去一年也上涨了 12.0%。</p>
</div><p>YMAX has only been around since January 16, 2024, so we don’t have annualized returns over the past five years. The fund delivered a 17.0% return over the past year, with an 88.5% SEC yield doing most of the heavy lifting. The fund is down by roughly 20% year-to-date, so it depends on cash distributions to generate a positive return.</p>
<div class="lb-trans"><p>YMAX 自 2024 年 1 月 16 日以来才成立，因此我们没有过去五年的年化回报。该基金在过去一年交出了 17.0% 的回报，88.5% 的 SEC 收益率为其提供了大部分支持。该基金年初至今下跌了约 20%，因此依赖现金分配来产生正回报。</p>
</div><p>While YMAX has a higher return on paper, there are two key problems to consider. The first issue is the expense ratio. YMAX has an absurd 1.32% expense ratio, which is high for any fund, even an actively managed fund. Meanwhile, VIG has a more generous 0.05% expense ratio.</p>
<div class="lb-trans"><p>虽然 YMAX 在纸面上有更高的回报，但有两个关键问题需要考虑。第一个问题是费用比率。YMAX 的费用比率高达 1.32%，对于任何基金来说都很高，即使是主动管理的基金。而 VIG 的费用比率则更为宽松，仅为 0.05%。</p>
</div><p>The second problem is that all of YMAX’s cash distributions count as ordinary income when it’s time to pay taxes. You keep a lower percentage of your profits if you use YMAX than VIG. YMAX is optimal in a tax-advantaged retirement account, but you may want to steer clear if you are in a high tax bracket.</p>
<div class="lb-trans"><p>第二个问题是，YMAX 的所有现金分配在缴税时都算作普通收入。如果您使用 YMAX 而不是 VIG，您将保留更低比例的利润。YMAX 在税收优惠的退休账户中是最佳选择，但如果您处于高税率区间，您可能想要避免使用。</p>
</div><h2>Portfolios</h2>
<div class="lb-trans"><h2>投资组合</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2465944581-huge-licensed-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2465944581-huge-licensed-scaled.jpg"/></p>
<p>Although most of YieldMax’s ETFs only focus on one stock and its corresponding covered calls, YMAX is actually a diversified fund since it has a collection of YieldMax ETFs. The fund has 32 holdings and evenly distributes its capital among those assets. Roughly 30% of its assets are in the tech industry, and most of its stocks are trendy picks instead of mature companies.</p>
<div class="lb-trans"><p>尽管大多数 YieldMax 的 ETF 仅专注于一只股票及其相应的备兑权，但 YMAX 实际上是一个多元化的基金，因为它拥有一系列 YieldMax ETF。该基金有 32 个持仓，并在这些资产之间均匀分配资本。大约 30% 的资产集中在科技行业，大多数股票是时尚选择，而非成熟公司。</p>
</div><p>YMAX caters to investors who like growth stocks but also want a high yield with no additional work. VIG also has growth stocks in its portfolio, especially within its top 10 holdings. However, this ETF has more than 300 stocks, which makes the growth positions less concentrated. Tech and financial services are heavily represented, making up close to half of the fund’s total assets.</p>
<div class="lb-trans"><p>YMAX 迎合那些喜欢成长股但又希望获得高收益且无需额外工作的投资者。VIG 的投资组合中也有成长股，尤其是在其前 10 大持仓中。然而，该 ETF 拥有超过 300 只股票，使得成长股的集中度较低。科技和金融服务占据了该基金总资产的近一半。</p>
</div><p>VIG is more diversified, but YMAX also has sufficient diversification for most investors. Even with all of the diversification, both funds prioritize the tech sector.</p>
<div class="lb-trans"><p>VIG 更为多元化，但 YMAX 对于大多数投资者来说也有足够的多元化。即使在所有多元化的情况下，这两个基金都优先考虑科技行业。</p>
</div><h2>The Verdict</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/10/shutterstock-2346359661-huge-licensed-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2024/10/shutterstock-2346359661-huge-licensed-scaled.jpg"/></p>
<p>YMAX may make more sense for investors who can put their shares in a tax-advantaged retirement account. However, VIG lets you keep a higher percentage of your capital since you don’t generate a significant taxable event with your shares. VIG also has a more established track record, which may make it a more appealing choice for most investors.</p>
<div class="lb-trans"><p>对于能够将股份放入税收优惠退休账户的投资者来说，YMAX 可能更有意义。然而，VIG 让您保留更高比例的资本，因为您不会因持有股份而产生显著的应税事件。VIG 也有更成熟的业绩记录，这可能使其对大多数投资者更具吸引力。</p>
</div><p>The post YMAX vs. VIG: Supercharged Yield or Slow-and-Steady Dividend Growth — What’s the Better Bet appeared first on 24/7 Wall St..</p>
<div class="lb-trans"><p>本文的标题为《YMAX 与 VIG：超强收益还是稳步股息增长——哪个更值得投资》，首次发布于 24/7 Wall St..</p>
</div>

YMAX 与 VIG：超强收益与稳健的股息增长——哪个更值得投资