Shareholder Report | 12 Months Ended |
Jul. 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 | Jul. 31, 2024 | |
DGA Core Plus Absolute Return ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | DGA Core Plus Absolute Return ETF | |
Class Name | DGA Core Plus Absolute Return ETF | |
Trading Symbol | HF | |
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.daysadvisors.com (833) 551-0417 | |
Additional Information Phone Number | (833) 551-0417 | |
Additional Information Website | www.daysadvisors.com | |
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 DGA Core Plus Absolute Return ETF $135 1.35% The Fund commenced operations on August 2, 2023. Expenses for a full reporting period would be higher than the figures shown. | |
Expenses Paid, Amount | $ 135 | |
Expense Ratio, Percent | 1.35% | |
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 total return of 15.57% - at NAV. This compares to the 10.50% gross total return of the S&P® Target Risk Moderate Index and the 22.15% total return for the S&P 500® Index for the same period. Please note that this disclosure intentionally excludes any additional information that is not directly related to the factors affecting the fund's performance. In compliance with the final rules, we have omitted items such as the fund president's letter to shareholders, interviews with portfolio managers, general market commentary, and other similar information from this section. What Factors Influenced Performance a. Market Conditions i. The global market conditions continued to be favorable to the fund’s performance. The fund’s core decision engine followed global macro momentum and actively shifted positioning between a hedged, moderate, and bullish risk model stance. There were numerous opportunities to capitalize off the year’s shifting momentum on the tail end of the Fed’s larger tightening cycle and its continued policy of higher rates for longer to ensure the pace of inflation trended downward. b. Investment Strategies and Techniques i. The fund’s strategy continued to follow its core investment approach, which is elegantly simplified by the following. • If the overall momentum conditions we track deteriorate, then we reposition the portfolio momentum to focus on holdings with higher broader market correlation and apply hedges. •If the overall momentum conditions we track improve, then we re-position the portfolio momentum to include more holdings with lower broader market correlation and apply leverage. ii. This year, the fund continued to utilize this core strategy and employed techniques to capitalize on the shifting broader market conditions. This year's techniques included model-driven decision support, signal analysis, and experienced manager discretion. These techniques were drivers to navigating the portfolio’s actively managed shifts through hedged, moderate, and bullish investment stances. The methods determined the use of leverage, underlying correlations, and inverse ETFs in active portfolio construction. Positioning Global macro conditions: • Favorable Risk positioning: • Hedged • Moderate • Bullish Strategy: • Core • No deviation Techniques employed: • Model-driven decision support • Signal Analysis • Experienced manager discretion Portfolio construction: • Leverage • Correlations • Inverse ETFs | |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a good predictor of how the fund will perform in the future. | |
Line Graph [Table Text Block] | Cumulative Performance (Initial Investment of $10,000) As of Date DGA Core Plus Absolute Return ETF (NAV) S&P 500 TR S&P Target Risk Moderate Index (GROSS TR) 11/26/2018 10000 10000 10000 11/30/2018 10549 10329 10087 12/31/2018 10632 9397 9884 1/31/2019 11010 10150 10261 2/28/2019 11095 10476 10381 3/31/2019 11254 10679 10554 4/30/2019 11544 11112 10714 5/31/2019 10971 10406 10546 6/30/2019 11627 11139 10895 7/31/2019 11669 11299 10923 8/31/2019 11583 11120 10995 9/30/2019 11621 11328 11068 10/31/2019 11646 11573 11206 11/30/2019 11778 11994 11299 12/31/2019 11911 12356 11465 1/31/2020 12025 12351 11514 2/29/2020 11621 11334 11233 3/31/2020 10713 9934 10484 4/30/2020 11510 11208 10981 5/31/2020 11831 11741 11294 6/30/2020 12154 11975 11484 7/31/2020 12628 12650 11822 8/31/2020 13203 13559 12069 9/30/2020 12949 13044 11917 10/31/20 12629 12697 11790 11/30/20 13575 14087 12417 12/31/20 14028 14629 12692 01/31/21 14055 14481 12635 02/28/21 13999 14880 12678 03/31/21 13916 15532 12801 04/30/21 14364 16361 13079 05/31/21 14325 16475 13189 06/30/21 14441 16860 13303 07/31/21 14537 17260 13434 08/31/21 14772 17785 13555 09/30/21 14264 16958 13254 10/31/21 14826 18146 13523 11/30/21 14873 18020 13417 12/31/21 14668 18828 13629 01/31/22 15133 17854 13225 02/28/22 15271 17319 12976 03/31/22 15543 17962 12882 04/30/22 14744 16396 12198 05/31/22 14745 16426 12270 06/30/22 14837 15070 11733 07/31/22 15167 16460 12245 08/31/22 15498 15788 11830 09/30/22 15715 14334 11114 10/31/22 15725 15495 11332 11/30/22 15898 16361 11999 12/31/22 16045 15418 11693 01/31/23 16079 16387 12274 02/28/23 15753 15987 11937 03/31/23 15680 16574 12261 04/30/23 15666 16833 12379 05/31/23 15694 16906 12244 06/30/23 16153 18023 12532 07/31/23 16694 18602 12714 08/31/23 16262 18306 12531 09/30/23 15950 17433 12148 10/31/23 16129 17066 11912 11/30/23 16952 18625 12641 12/31/23 17445 19471 13177 01/31/24 17451 19798 13211 02/29/24 18398 20855 13327 03/31/24 18740 21527 13590 04/30/24 18291 20647 13220 05/31/24 18777 21671 13597 06/30/24 19096 22449 13749 07/31/24 19292 22722 14049 | |
Average Annual Return [Table Text Block] | Annual Performance 5 Year 3 Year 1 Year Since Inception ( 11/26/2018 DGA Core Plus Absolute Return ETF - at NAV 10.58% 9.89% 15.57% 12.27% S&P® Target Risk Moderate Gross Total Return Index 5.16% 1.50% 10.50% 6.17% S&P 500® Total Return Index 15.00% 9.60% 22.15% 15.56% | |
Performance Inception Date | Nov. 26, 2018 | |
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 | $ 18,676,000 | |
Holdings Count | Holdings | 14 | |
Advisory Fees Paid, Amount | $ 246,779 | |
Investment Company, Portfolio Turnover | 642% | [1] |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of July 31, 2024 ) Fund Size (Thousands) $18,676 Number of Holdings 14 Total Management Fee $246,779 Portfolio Turnover* 642% * Not annualized for periods less than one year. | |
Holdings [Text Block] | What did the Fund invest in? (as of July 31, 2024 ) Security Type (% of net assets) sector percentage Exchange Traded Funds 100.0% Cash & Cash Equivalents* 0.0% Percentages are based on total net assets. Cash & Cash Equivalents represents short-term investments and other assets in excess of liabilities. * Less than 0.05% of total net assets. | |
Largest Holdings [Text Block] | Top Ten Holdings (% of net assets) Direxion Daily S&P 500 Bear 1x Shares 21.5 SPDR Portfolio S&P 500 Value ETF 16.4 SPDR Portfolio S&P 500 Growth ETF 15.3 Vanguard Total Stock Market ETF 14.9 Vanguard Total World Stock ETF 11.9 Invesco QQQ Trust Series 1 4.8 iShares Russell 2000 ETF 3.2 iShares 20+ Year Treasury Bond ETF 3.0 SPDR S&P Biotech ETF 3.0 SPDR Dow Jones Industrial Average ETF Trust 2.0 | |
Material Fund Change [Text Block] | How has the Fund changed? In connection with a reorganization (Reorganization), the Fund assumed the assets and liabilities another investment vehicle (the “Predecessor Account”) as of the close of business on August 2, 2023. All historical financial information and other information relating to the Fund for periods prior to the closing of the Reorganization is that of the Predecessor Account. Effective August 26, 2024, the Fund’s name changed from “DGA Absolute Return ETF” to “DGA Core Plus Absolute Return ETF.” | |
Accountant Change Statement [Text Block] | Changes in and Disagreements with Accountants There were no changes in or disagreements with accountants. | |
|
[1]Not annualized for periods less than one year. |