u/rfish4

A few people have asked how the Est. Monthly Income number is calculated on the Portfolio tab, so wanted to give a quick breakdown.

How it works right now:

The number you see is your after-tax estimated monthly income based on last month's actual distributions across all your holdings. For each fund in your portfolio, we take your share count × last month's distribution per share, then apply your personal tax rate from your account settings. Those dollar amounts are added up across all holdings to give you the portfolio total. The annual figure is simply the monthly total × 12.

This is intentionally different from how most portfolio trackers calculate income. Most use a trailing 12-month average yield applied to your position value -- which is cleaner but slower to react to distribution changes. We use last month's actual distribution so the number reflects what's happening right now, not a smoothed estimate from months ago.

If a fund in your portfolio doesn't have a recent distribution on file yet, it contributes $0 to the total until that data is available.

What's coming:

We're working on making this section more useful. Without getting into specifics, expect to see more context around the monthly income figure -- trend information, a longer-term view alongside the current snapshot, and a clearer picture of the tax side of your income so you're never caught off guard at tax time.

The goal is to make the portfolio dashboard the most honest, complete income picture available anywhere -- not just a headline number but the full story behind it.

--> www.yieldcanary.com to see the portfolio tab for yourself.

What would make the income tracking section more useful for you -- drop it in the comments.

Take-home cash return is 1Y price change plus after-tax distributions combined -- what you'd actually have pocketed over the past year. Taxes in this example are set to 25%.

One fund per issuer below, the top performer from each major income ETF family right now. Average across this group is 35.94%.

YieldMax (SOXY) -- 126.04% take-home cash return | 0% ROC

Kurv (GOOP) -- 69.99% take-home cash return | 0% ROC

NestYield (EGGQ) -- 50.26% take-home cash return | 0% ROC

Global X (TYLG) -- 34.65% take-home cash return | 0% ROC

Roundhill (AAPW) -- 31.01% take-home cash return

NEOS (IWMI) -- 29.39% take-home cash return

ProShares (IQQQ) -- 28.24% take-home cash return | 5.08% ROC

Amplify (IDVO) -- 27.28% take-home cash return | 0% ROC

Goldman Sachs (GPIQ) -- 27.21% take-home cash return | 0% ROC

Calamos (CAIE) -- 17.60% take-home cash return | 43.56% ROC

TappAlpha (TSPY) -- 14.31% take-home cash return

Simplify (SBAR) -- 6.55% take-home cash return

Pimco (PDO) -- 5.99% take-home cash return

Half of these carry 0% ROC entirely -- meaning every dollar of that return came from real price performance plus genuinely earned distributions, no return of capital involved. A couple others (NEOS, Calamos) run higher ROC but it's not a red flag here -- it's largely a tax-deferral structure from index options, not principal being eroded. Worth checking the underlying NAV trend before assuming high ROC means a fund is in trouble.

What's the best fund from your favorite issuer?

A little over a week ago, we launched phase 1 of our Portfolio Linking feature. It was pretty basic, but it laid the foundation.

Today's update builds a real analytics layer on top of it:

What's new:

Portfolio Summary Dashboard -- a top-level view of how your whole portfolio is doing, not just individual positions.

Portfolio-level YieldCanary metrics -- your proprietary health and yield analytics, now rolled up across your entire portfolio instead of just per-ticker.

Income projections -- see where your income is trending, not just where it's been.

Portfolio health indicators -- an at-a-glance read on how exposed your portfolio is to risk across your holdings.

Income Goal tracking -- set a target and track your progress toward it.

Missing ticker handling + fallback data support -- fewer gaps and broken rows when a ticker isn't fully covered yet.

If you've already added holdings from phase 1, this will show up automatically in your Portfolio tab. If you haven't added any yet -- now's a good time, since this is where the real value starts to show up.

Phase 3 is already in development and should ship in the next week or so. This will include features like:

Privacy Mode -- blur out your dollar amounts and share counts so you can screenshot your portfolio and share it on social media without exposing exactly how much you have invested. Your health metrics, yields, and ticker symbols stay visible.

CSV Import -- bulk-add your holdings instead of entering them one at a time.

Mobile-optimized experience -- a cleaner, card-based layout for checking your portfolio on your phone.

What would make this dashboard more useful for you? Drop your thoughts below!

Here's a list of the healthy YieldMax funds sorted on True Income Yield.

True Income Yield = Headline Yield × (1 − ROC%). It strips out return of capital so you're seeing what's actually earned, not just advertised.

AMDY -- 68.70% true income yield | 42.7% ROC

TSMY -- 41.13% true income yield | 21.54% ROC

QDTY -- 32.47% true income yield | 51.06% ROC

CHPY -- 30.32% true income yield | 0% ROC

GOOY -- 28.11% true income yield | 48.17% ROC

BIGY -- 12.14% true income yield | 87.1% ROC

SOXY -- 7.26% true income yield | 0% ROC

CHPY and SOXY are running clean with zero return of capital -- every dollar paid out is real earned income.

What's your favorite from this list?

These are the only three NEOS funds currently sitting above 12% true income yield. All Healthy, all carrying the Tax-Efficient ROC badge.

Average true income yield = 13.96%

IWMI -- 14.51% true income yield | 31.11% take-home cash return | $956M AUM | 0.76% expense ratio

QQQI -- 14.55% true income yield | 20.38% take-home cash return | $12.7B AUM | 0.68% expense ratio

SPYI -- 12.81% true income yield | 15.47% take-home cash return | $10.3B AUM | 0.68% expense ratio

A few things stand out.

QQQI is the largest of the three by AUM at $12.7B, with SPYI close behind at $10.3B. Both carry the lowest expense ratio of the group at 0.68%. IWMI is the smallest fund here by far at $956M but posted the strongest take-home cash return at 31.11%. Russell 2000 has had a strong year so far.

All three are monthly payers with true income yield comfortably above 12% and zero signs of NAV erosion -- death clock shows N/A across the board.

One fund per issuer -- the highest true income yield pick from each major income ETF family right now. Average true income yield across this group is 23.56%.

YieldMax (AMDY) -- 64.04% true income yield

Roundhill (AVGW) -- 42.08% true income yield

Defiance (JEPY) -- 29.16% true income yield

NestYield (EGGY) -- 24.53% true income yield

Simplify (SVOL) -- 21.87% true income yield

Kurv (AMZP) -- 19.98% true income yield

Amplify (SLJY) -- 17.90% true income yield | 0% ROC

NEOS (QQQI) -- 14.55% true income yield

TappAlpha (TSPY) -- 13.84% true income yield

Global X (XRMI) -- 13.59% true income yield

Pimco (PDO) -- 11.83% true income yield

Goldman Sachs (GPIQ) -- 9.32% true income yield | 0% ROC

Most of these carry the Tax-Efficient ROC badge -- meaning the high ROC% isn't NAV erosion, it's a tax-structured outcome from index options and active tax-loss harvesting. SLJY and GPIQ are the exceptions with zero ROC entirely.

What's the best fund from your favorite issuer?

Big one today! Basic and Advanced users can now add their income ETF holdings to YieldCanary and track them in one place. Free users will see a locked preview with an upgrade prompt.

What's live right now:

Add your holdings with ticker, share quantity, and optional purchase price and date. See your total portfolio value, cost basis, gain/loss %, and yield on cost for every position. Edit or delete holdings anytime. Everything persists across sessions so it's there every time you log in.

This is phase 1 -- the foundation. Here's what's coming next:

Phase 2 -- Canary health status, true income yield, and death clock at the portfolio level. See your personal weighted death clock across your entire portfolio, not just individual funds. An income calendar showing exactly when each fund pays you and how much. And an annual / monthly income projection.

Phase 3 -- Auto brokerage sync for Advanced users. Connect your Fidelity, Schwab, or Robinhood account directly and your holdings sync automatically. No more manual entry.

Go to the Portfolio tab and add your first holding today. Takes about 2 minutes.

This has been the most requested feature since day one. Excited to finally have it live and even more excited for what's coming next!

Thank you to everyone who has joined r/YieldCanary over the past few weeks. 250 members is genuinely exciting for a community this new!

For anyone who is new here -- here's a quick look at the main YieldCanary dashboard.

We are currently tracking 308 income ETFs across every major fund family -- YieldMax, NEOS, Roundhill, Kurv, GraniteShares, Amplify, Defiance, and more. Right now the breakdown is:

126 Healthy -- funds with sustainable NAV and real earned income

40 On Watch -- early warning signs, worth monitoring

29 High Risk -- significant NAV erosion underway

113 Severe Risk -- on a trajectory that needs attention

Every fund shows the Canary health status, true income yield after stripping out return of capital, death clock, take-home cash return after taxes, ROC%, and monthly spendable cash yield (plus much more -- click on the ticker symbol to open up the ETF Deep Dive feature).

We are shipping manual portfolio linking today! This will be the biggest feature we've shipped to date and I'm super excited about it. You will now be able to add your own holdings to the Portfolio tab and see your personal weighted death clock, true income yield, and monthly after-tax income across your entire income ETF portfolio in one view.

You'll also see traditional metrics like total annual income, monthly income, and yield on cost.

Drop any ticker in the comments and I'll run it through the dashboard!

Running the full NEOS lineup this week. 18 funds total, 10 showing Healthy. Five of them carry the Tax-Efficient ROC badge.

Here's what the badge funds look like:

IWMI -- 13.41% true income yield | 82.92% ROC | N/A death clock

QQQI -- 14.64% true income yield | 63.57% ROC | N/A death clock

SPYI -- 11.76% true income yield | 81.72% ROC | N/A death clock

QQQH -- 8.80% true income yield | 98.95% ROC | N/A death clock

TLTI -- 6.76% true income yield | 86.96% ROC | N/A death clock

The badge fires when a fund has high ROC but no measurable NAV erosion -- which is exactly what you see here. N/A death clock on all five because there's nothing to measure. The price return is positive despite the high ROC.

The reason NEOS pulls this off is the combination of Section 1256 index options -- taxed at a blended 60/40 rate instead of ordinary income -- plus active tax loss harvesting. The ROC is a tax structure outcome, not a sign the fund is paying you your own money back.

Worth knowing if you hold any of these in a taxable account. The after-tax picture is significantly better than the headline numbers suggest.

Anyone holding NEOS funds right now?

The Best After-Tax Cash Flow list on the Insights tab in YieldCanary updates every Monday. These are healthy funds sorted by what investors actually kept after taxes over the past year -- 1Y price change plus after-tax distributions combined.

Top 5 at a 25% tax rate:

ARMW -- 273.15% take-home cash return (YTD)

AMDW -- 148.07% take-home cash return (YTD)

SOXY -- 136.54%

AMDY -- 123.94%

CHPY -- 100.21%

ARMW and AMDW are YTD since they're newer funds without a full year of history yet. Still remarkable numbers.

Drop your ticker below and I'll run it through YieldCanary!

REX Shares announced this week that 7 of their Growth and Income ETFs are liquidating on June 16th -- this coming Tuesday. If you hold any of these your shares get automatically redeemed at NAV on June 16th.

The funds closing: CWII, COII, MSII, LLII, HOII, PLTI, and the REX Growth and Income Universe ETF (GIF)

Here's what the data showed on 4 of them:

CWII: Severe Risk | 0.5yr death clock | 0.00% true income yield | 100% ROC

COII: Severe Risk | 0.5yr death clock | 0.00% true income yield | 100% ROC | -69.65% 1Y price return

MSII: Severe Risk | 0.5yr death clock | 0.00% true income yield | 100% ROC | -78.52% 1Y price return

LLII: Watch | 1.1yr death clock | 6.84% true income yield | 43.9% ROC

COII and MSII are the brutal ones. COII down nearly 70% and MSII down nearly 80% with 100% return of capital -- every single distribution was just your own money coming back while the NAV collapsed.

This is the second major income ETF closure announcement in two weeks after YieldMax closed 4 funds. The pattern is consistent -- small AUM funds built on volatile underlying assets, high ROC, short death clocks, and eventually a closure announcement.

Last trading day is Monday, June 15th if you want to sell before automatic redemption.

Anyone holding these?

When I started posting income ETF data here a few weeks ago I had no idea this community would grow this fast. 200 members in a short amount of time means a lot.

For anyone new -- r/YieldCanary is where I share health data on 300+ income ETFs. True income yield after stripping out return of capital, death clocks, real after-tax returns. The stuff your brokerage doesn't show you.

To celebrate -- drop any income ETF ticker in the comments and I'll run it through YieldCanary and post the full health data right here. Doesn't matter what it is -- YieldMax, NEOS, Roundhill, whatever you're holding or watching.

If you want weekly income ETF data straight to your inbox, The Canary Report is our free newsletter -- link in my profile to join!

Ran the full GraniteShares lineup through my tracker and CWY is the only one coming back Healthy.

CWY -- 13.17% true income yield | 0% ROC | 7.10% monthly spendable cash yield | Weekly payer

Zero return of capital means every distribution is real earned income. The monthly spendable cash yield is what actually hits your account after taxes at a 25% rate.

Anyone else holding CWY?

Here's a list of healthy Roundhill funds sorted on take-home cash return. Take-home cash return is the 1Y price return + after-tax distributions. Tax rate set to 25% in this example.

Top 5: ARMW, AMDW, AAPW, XPAY, GOOW

ARMW & AMDW have been ripping in 2026!

WEEK is one that a lot of investors save their taxes in due to its stability and 3.72% true income yield.

These are the funds currently flagged in YieldCanary's Buy Zone -- Healthy status, true income yield above 10%, and trading below their 90-day average price.

AVGW: 37.60% true yield | 6.13% discount

APLY: 33.69% true yield | 1.91% discount

GOOY: 29.74% true yield | 1.88% discount

GLDI: 22.94% true yield | 7.68% discount

AMZP: 19.81% true yield | 0.81% discount

KSLV: 16.21% true yield | 18.11% discount

SLJY: 16.14% true yield | 15.84% discount

MFA: 15.52% true yield | 4.62% discount

CWY: 13.17% true yield | 10.88% discount

KGLD: 12.81% true yield | 11.92% discount

The two silver funds -- KSLV and SLJY -- stand out with the biggest discounts. Silver is down nearly 24% over the past month which explains why both are sitting well below their 90-day averages. If you think silver recovers those two look interesting on a discount basis.

All funds on this list are Healthy with ROC under 20% and true income yield above 10%.

What are you holding from this list?

Here's a list of the worst performing YieldMax funds by take-home cash return. Take-home cash return is the 1Y price return plus after-tax distributions. Taxes are set to 25% in this example.

AIYY: -77.57% 1Y price return | -55.61% take-home cash return

MSTY: -83.46% 1Y price return | -53.53% take-home cash return

RBLY: -59.85% 1Y price return | -45.64% take-home cash return

PYPY: -62.04% 1Y price return | -41.34% take-home cash return

YBIT: -64.63% 1Y price return | -34.45% take-home cash return

CONY: -74.32% 1Y price return | -34.38% take-home cash return

MSTY is an interesting one on the list. True income yield of 151% means real cash is being paid out, but the price has been so brutal that even those massive distributions haven't saved investors from being down 53% on a take-home cash return basis.

See the full health data in the screenshot.

These are the funds with the highest advertised yields right now. Advertised yield is based on the most recent payout annualized -- it's the number that most fund issuers show on their websites.

True Income Yield is what's left after stripping out return of capital -- the actual earned income.

ETCO -- 148.19% advertised / 0.00% true income yield

CRCO -- 117.28% advertised / 0.00% true income yield

BTCC -- 109.06% advertised / 0.00% true income yield

AMDY -- 106.21% advertised / 55.61% true income yield

AMDY is the only fund on this list generating meaningful real income. 55.61% true income yield with the Tax-Efficient ROC badge. Everything else is essentially paying you your own money back.

But either way, this is still a fun list to look at!

Are you holding any of these right now?