Do yieldmax etfs actually give returns overall? I see the yearly dividend is like 60-100% but all of their etfs seem to drop in value at least 50% over a year or two

YieldMax ETFs do not necessarily deliver positive returns overall, despite their high dividend yields. While they offer attractive income potential, they also come with risks that can lead to significant losses, particularly in the context of falling asset values.

1. **High Dividend Yields**: YieldMax ETFs are designed to generate high yields through options-based strategies on underlying securities. The 30-Day SEC Yields for various YieldMax ETFs range from 4.01% to 4.76%, which are competitive with other income-focused ETFs.

2. **Performance Concerns**: Despite their high yields, YieldMax ETFs have faced challenges in terms of asset value declines. For instance, the TSLA Option Income Strategy ETF saw a significant drop in its 30-Day SEC Yield from 5.20 to 4.20 over a month. This decline in yield can be indicative of underlying asset price declines or changes in the ETF's investment strategy.

3. **Risk Factors**: The risks associated with YieldMax ETFs include market volatility, which can lead to substantial price swings in the options-based strategies they employ. Additionally, the average net expense ratio of 1.03% suggests that investors may bear additional costs that can erode returns.
4. **Investment Considerations**: Given the mixed performance and risks, investors should carefully evaluate the potential for returns against the risks of losses when considering YieldMax ETFs. It's important to review the ETFs' underlying strategies, the stability of their income streams, and the overall market conditions before making investment decisions.

In conclusion, while YieldMax ETFs can offer attractive yields, they do not guarantee overall returns. The potential for significant asset value declines, coupled with the costs of management, can lead to a negative experience for investors. It's crucial for investors to conduct thorough due diligence and consider their risk tolerance before investing in such products.