Shareholder Report | 12 Months Ended |
Oct. 31, 2024 USD ($) Holdings |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | Tidal Trust II |
Entity Central Index Key | 0001924868 |
Entity Investment Company Type | N-1A |
Document Period End Date | Oct. 31, 2024 |
Nicholas Fixed Income Alternative ETF | |
Shareholder Report [Line Items] | |
Fund Name | Nicholas Fixed Income Alternative ETF |
Class Name | Nicholas Fixed Income Alternative ETF |
Trading Symbol | FIAX |
Security Exchange Name | NYSEArca |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at www.nicholasx.com/fiax/ (855) 563-6900 |
Additional Information Phone Number | (855) 563-6900 |
Additional Information Website | www.nicholasx.com/fiax/ |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Nicholas Fixed Income Alternative ETF $99 0.95% |
Expenses Paid, Amount | $ 99 |
Expense Ratio, Percent | 0.95% |
Factors Affecting Performance [Text Block] | How did the Fund perform last year and what affected its performance? During the reporting period, the Fund generated a positive total return while paying out consistent monthly dividends. The Fund returned a total return of 7.83% compared to the total return of 10.55% of the U.S. Aggregate Bond Index. The main driver of the returns were the short duration treasury holdings, and debit spreads that capture premium from a combination of dividends and growth of underlying assets. What Factors Influenced Performance? The main factors influencing the growth of the underlying assets can be attributed to a strong environment for equity markets and stabilization of interest rates. Positioning of the Fund A large portion of the Fund is held in shorter-term U.S. treasuries which provides stable distributions and share price. The current maturities of the bond positions are approximately two years or less. The rest of the Fund analyzes fundamental, economic, and technical trends and attempts to generate returns by delivering both extrinsic time premiums and upside capture of underlying indexes. |
Performance Past Does Not Indicate Future [Text] | The Fund's past performance is not a good indicator of how the Fund will perform in the future. |
Line Graph [Table Text Block] | Cumulative Performance (Initial Investment of $10,000) Date Nicholas Fixed Income Alternative ETF - $10,798 Bloomberg U.S. Aggregate Bond Index - $10,765 11/29/2022 10000 10000 11/30/2022 10000 10061 12/31/2022 9968 10015 1/31/2023 9989 10323 2/28/2023 10000 10057 3/31/2023 10076 10312 4/30/2023 10097 10375 5/31/2023 10114 10262 6/30/2023 10138 10225 7/31/2023 10194 10218 8/31/2023 10277 10153 9/30/2023 10100 9895 10/31/2023 10014 9738 11/30/2023 10264 10179 12/31/2023 10334 10569 1/31/2024 10397 10540 2/29/2024 10329 10391 3/31/2024 10352 10487 4/30/2024 10212 10222 5/31/2024 10366 10396 6/30/2024 10477 10494 7/31/2024 10698 10739 8/31/2024 10823 10893 9/30/2024 10816 11039 10/31/2024 10798 10765 |
Average Annual Return [Table Text Block] | Annual Performance Annualized Returns for the Periods Ended October 31, 2024 1 Year Since Inception ( 11/29/2022 Nicholas Fixed Income Alternative ETF - at NAV 7.83% 4.08% Bloomberg U.S. Aggregate Bond Index 10.55% 3.92% |
Performance Inception Date | Nov. 29, 2022 |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Net Assets | $ 159,404,000 |
Holdings Count | Holdings | 24 |
Advisory Fees Paid, Amount | $ 591,904 |
Investment Company, Portfolio Turnover | 66% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of October 31, 2024 ) Fund Size (Thousands) $159,404 Number of Holdings 24 Total Advisory Fee Paid $591,904 Annual Portfolio Turnover 66% |
Holdings [Text Block] | What did the Fund invest in? (as of October 31, 2024 ) Security Type - Investments (% of net assets) Sector % U.S. Treasury Securities 0.962 Purchased Call Options 0.050 Purchased Put Options 0.001 Cash Equivalents -0.013 Security Type - Other Financial Instruments (% of net assets) Sector % Written Put Options -0.002 Written Call Options -0.009 |
Largest Holdings [Text Block] | Top Ten Holdings (% of net assets) U.S. Treasury Note/Bond - 1.00%, 12/15/2024 25.6 U.S. Treasury Note/Bond - 4.63%, 10/15/2026 23.7 U.S. Treasury Note/Bond - 0.50%, 03/31/2025 23.6 U.S. Treasury Note/Bond - 2.63%, 02/15/2029 23.3 First American Government Obligations Fund - Class X, 4.78% 13.3 S&P 500® Index, Expiration: 12/31/2024; Exercise Price: $5,400.00 1.9 United States Oil Fund LP, Expiration: 12/20/2024; Exercise Price: $67.00 0.9 iShares Silver Trust, Expiration: 12/20/2024; Exercise Price: $25.00 0.5 iShares 20+ Year Treasury Bond ETF, Expiration: 11/15/2024; Exercise Price: $89.00 0.5 VanEck Semiconductor ETF, Expiration: 12/20/2024; Exercise Price: $220.00 0.4 |
Material Fund Change [Text Block] | How has the Fund changed? There were no material changes during the reporting period. |
Accountant Change Statement [Text Block] | Changes in and Disagreements with Accountants There were no changes in or disagreements with accountants. |
Nicholas Global Equity and Income ETF | |
Shareholder Report [Line Items] | |
Fund Name | Nicholas Global Equity and Income ETF |
Class Name | Nicholas Global Equity and Income ETF |
Trading Symbol | GIAX |
Security Exchange Name | NYSEArca |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at www.nicholasx.com/giax/ (855) 563-6900 |
Additional Information Phone Number | (855) 563-6900 |
Additional Information Website | www.nicholasx.com/giax/ |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Nicholas Global Equity and Income ETF $24 0.90% The Fund commenced operations on July 29, 2024. Expenses for a full reporting period would be higher than the figures shown. |
Expenses Paid, Amount | $ 24 |
Expense Ratio, Percent | 0.90% |
Factors Affecting Performance [Text Block] | How did the Fund perform last year and what affected its performance? During the reporting period, the Fund generated a positive total return of 2.07% compared to the 4.79% total return of the S&P 500® TR Index. The main driver of returns was rising share prices of global securities and weekly index credit spreads on the Russell 2000 Index for additional income. What Factors Influenced Performance? A strong environment for equity markets and corporate earnings fueled by interest rate cuts influenced the exposure to global equities to generate positive returns. Positioning of the Fund The Fund aims to generate income and growth for investors by selling weekly index credit spreads on one or more indexes and investing in a diversified basket of equity ETFs and individual stocks. As an actively traded fund, our allocation to various global equity securities may adapt to macro and economic conditions. |
Performance Past Does Not Indicate Future [Text] | The Fund's past performance is not a good indicator of how the Fund will perform in the future. |
Line Graph [Table Text Block] | Cumulative Performance (Initial Investment of $10,000) Date Nicholas Global Equity and Income ETF - $10,207 S&P 500® Total Return Index - $10,479 7/29/2024 10000 10000 7/31/2024 10060 10108 8/31/2024 10149 10354 9/30/2024 10314 10575 10/31/2024 10207 10479 |
Average Annual Return [Table Text Block] | Annual Performance Returns for the Period Ended October 31, 2024 Since Inception ( 07/29/2024 Nicholas Global Equity and Income ETF - at NAV 2.07% S&P 500® Total Return Index 4.79% |
Performance Inception Date | Jul. 29, 2024 |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Net Assets | $ 29,788,000 |
Holdings Count | Holdings | 21 |
Advisory Fees Paid, Amount | $ 38,841 |
Investment Company, Portfolio Turnover | 30% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of October 31, 2024 ) Fund Size (Thousands) $29,788 Number of Holdings 21 Total Advisory Fee Paid $38,841 Annual Portfolio Turnover 30%* * Not annualized for periods less than one year. |
Holdings [Text Block] | What did the Fund invest in? (as of October 31, 2024 ) Security Type - Investments (% of net assets) Sector % Exchange Traded Funds 0.852 Common Stocks 0.13 Cash & Cash Equivalents 0.017 Purchased Call Options 0.001 Security Type - Other Financial Instruments (% of net assets) Sector % Written Call Options -0.002 |
Largest Holdings [Text Block] | Top Ten Holdings (% of net assets) Vanguard Russell 2000 ETF 16.5 Vanguard S&P 500® ETF 16.3 Vanguard FTSE Developed Markets ETF 16.3 Vanguard Dividend Appreciation ETF 16.2 Invesco QQQ Trust Series 1 8.3 Global X MSCI Argentina ETF 4.4 Franklin FTSE India ETF 3.8 Freedom 100 Emerging Markets ETF 3.4 Taiwan Semiconductor Manufacturing Co. Ltd. 2.1 United Microelectronics Corp. 1.6 |
Material Fund Change [Text Block] | How has the Fund changed? There were no material changes during the reporting period. |
Accountant Change Statement [Text Block] | Changes in and Disagreements with Accountants There were no changes in or disagreements with accountants. |