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 |
Grizzle Growth ETF | |
Shareholder Report [Line Items] | |
Fund Name | Grizzle Growth ETF |
Class Name | Grizzle Growth ETF |
Trading Symbol | DARP |
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.etf.grizzle.com 1-800-617-0004 |
Additional Information Phone Number | 1-800-617-0004 |
Additional Information Website | www.etf.grizzle.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 Grizzle Growth ETF $75 0.75% |
Expenses Paid, Amount | $ 75 |
Expense Ratio, Percent | 0.75% |
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 16.52% - at NAV. This compares to the 22.15% total return for the S&P 500® Index for the same period. Based on our key themes, we attempt to position the strategy with strong and consistent characteristic advantages versus the benchmark and relative to the overall market. Portfolio positions generally have higher revenue growth rates and higher margins. Though many of them trade at premium valuations to companies in the benchmark, we believe current valuations do not fully price in future cashflow (the net cash and cash equivalents transferred in and out of a company. Cash received represents inflows, while money spent represents outflows), generation potential meaning the stocks trade at an actual discount to the benchmark looking 4-6 years out. What Factors Influenced Performance In the current market environment of weakening economic growth and moderating inflation, we believe the Grizzle Growth ETF is best positioned utilizing a barbell portfolio approach of technology leaders and emerging disruptors. Tech leaders currently have a funding and competitive advantage and have been buying emerging leaders, cementing their grip on industry market share. We believe owning companies at both ends of the competitive spectrum dampens volatility while also offering upside through existing competitive advantages or through disruption of industry leaders. For the commodity pillar of the fund, we believe the structural demand opportunity for natural gas is significant, the near-term opportunity for North American gas to continue supplying demand growth worldwide is clear and in the medium to long-term we believe natural gas serves as an optimal transition fuel to lower emissions. The fund also seeks to own producers of the commodities fueling future technology trends with copper and lithium as two specific examples. We believe a decade of underinvestment in mining of certain commodities coupled with accelerating demand growth will lead to higher prices and better profitability over the medium term. |
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 Grizzle Growth ETF (NAV) Grizzle Growth ETF (MKT) S&P 500 TR 12/16/2021 10000 10000 10000 12/31/2021 10271 10344 10213 01/31/2022 9441 9437 9685 02/28/2022 9532 9527 9395 03/31/2022 10428 10442 9744 04/30/2022 9618 9612 8894 05/31/2022 10131 10113 8910 06/30/2022 8484 8463 8175 07/31/2022 9553 9557 8929 08/31/2022 9491 9505 8564 09/30/2022 8390 8396 7776 10/31/2022 8623 8621 8405 11/30/2022 9074 9059 8875 12/31/2022 8296 8292 8364 01/31/2023 8930 8876 8889 02/28/2023 8622 8618 8672 03/31/2023 9087 9053 8991 04/30/2023 9176 9175 9131 05/31/2023 9705 9718 9171 06/30/2023 10390 10399 9777 07/31/2023 10993 10985 10091 08/31/2023 10702 10722 9930 09/30/2023 10175 10178 9457 10/31/2023 9800 9812 9258 11/30/2023 10569 10534 10103 12/31/2023 11059 11049 10562 01/31/2024 10892 10895 10740 02/29/2024 11956 11984 11313 03/31/2024 12339 12349 11677 04/30/2024 11836 11827 11200 05/31/2024 12908 12898 11756 06/30/2024 13388 13417 12177 07/31/2024 12809 12802 12326 |
Average Annual Return [Table Text Block] | Annual Performance 1 Year Since Inception ( 12/16/2021 Grizzle Growth ETF - at NAV 16.52% 9.90% Grizzle Growth ETF - at Market 16.54% 9.88% S&P 500® Total Return Index 22.15% 8.30% |
Performance Inception Date | Dec. 16, 2021 |
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 | $ 14,737,000 |
Holdings Count | Holdings | 39 |
Advisory Fees Paid, Amount | $ 85,414 |
Investment Company, Portfolio Turnover | 85% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of July 31, 2024 ) Fund Size (Thousands) $14,737 Number of Holdings 39 Total Management Fee $85,414 Annual Portfolio Turnover 85% |
Holdings [Text Block] | What did the Fund invest in? (as of July 31, 2024 ) Sector Breakdown (% of net assets) Sector % of Total Net Assets Technology 52.10% Communications 19.30% Basic Materials 13.20% Energy 5.00% Financial 3.00% Industrial 2.70% Utilities 2.50% Consumer, Non-cyclical 0.60% Consumer, Cyclical 0.60% Cash & Cash Equivalents 1.00% Percentages are based on total net assets. Cash & Cash Equivalents represents short-term investments and other assets in excess of liabilities. |
Largest Holdings [Text Block] | Top Ten Holdings (% of net assets) NVIDIA Corp. 18.9 Microsoft Corp. 10.7 Apple, Inc. 7.7 Alphabet, Inc. - Class A 6.3 Micron Technology, Inc. 5.1 Meta Platforms, Inc. - Class A 4.8 ASML Holding NV - NYRS 4.3 Airbnb, Inc. - Class A 3.6 Taiwan Semiconductor Manufacturing Co. Ltd. - ADR 3.3 Amazon.com, Inc. 3.1 |
Material Fund Change [Text Block] | How has the Fund changed? In connection with a reorganization (Reorganization), the Fund assumed the assets and liabilities of Grizzle Growth ETF, a series of the Listed Funds Trust (the “Predecessor Fund”) as of the close of business on August 25, 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 Fund. |
Accountant Change Statement [Text Block] | Changes in and Disagreements with Accountants There were no changes in or disagreements with accountants. |