YieldMax NVDA Option Income Strategy ETF (NVDY)
NVDY is an actively managed ETF aiming to generate monthly income by selling call options on NVDA, offering capped gains from NVDA's price increase but bearing all potential losses from its decrease. The Fund primarily seeks current income, with a secondary goal of exposure to NVIDIA's stock price, while limiting potential investment gains.
ETF Info
| ISIN | US88634T7744 |
|---|---|
| CUSIP | 88634T774 |
| Issuer | Tidal |
| Inception Date | May 10, 2023 |
| Category | Options Trading |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.elevateshares.com |
| Asset Class | Alternatives |
Expense Ratio
NVDY has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in YieldMax NVDA Option Income Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
YieldMax NVDA Option Income Strategy ETF had a return of 59.14% year-to-date (YTD) and 123.36% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 59.14% | 11.29% |
| 1 month | 3.14% | 4.87% |
| 6 months | 67.79% | 17.88% |
| 1 year | 123.36% | 29.16% |
| 5 years (annualized) | N/A | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of NVDY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 12.70% | 25.93% | 9.30% | 0.32% | 59.14% | ||||||||
| 2023 | 14.66% | 6.74% | 5.51% | 7.73% | -8.19% | -4.15% | 8.37% | 7.05% | 42.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NVDY is 97, placing it in the top 3% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
NVDY (YieldMax NVDA Option Income Strategy ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
YieldMax NVDA Option Income Strategy ETF granted a 51.99% dividend yield in the last twelve months. The annual payout for that period amounted to $13.63 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $13.63 | $5.05 |
Dividend yield | 51.99% | 22.32% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax NVDA Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.63 | $1.53 | $2.62 | $2.61 | $1.20 | $8.59 | |||||||
| 2023 | $0.75 | $0.96 | $0.81 | $0.93 | $0.68 | $0.42 | $0.51 | $5.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax NVDA Option Income Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the YieldMax NVDA Option Income Strategy ETF was 16.37%, occurring on Apr 19, 2024. The portfolio has not yet recovered.
The current YieldMax NVDA Option Income Strategy ETF drawdown is 1.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.37% | Mar 26, 2024 | 18 | Apr 19, 2024 | — | — | — |
| -13.93% | Sep 6, 2023 | 37 | Oct 26, 2023 | 36 | Dec 18, 2023 | 73 |
| -10.91% | Jul 14, 2023 | 21 | Aug 11, 2023 | 9 | Aug 24, 2023 | 30 |
| -6.64% | Mar 8, 2024 | 2 | Mar 11, 2024 | 8 | Mar 21, 2024 | 10 |
| -6.18% | Feb 15, 2024 | 4 | Feb 21, 2024 | 1 | Feb 22, 2024 | 5 |
Volatility
Volatility Chart
The current YieldMax NVDA Option Income Strategy ETF volatility is 17.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.