- ISIN
- US88634T7744
- CUSIP
- 88634T774
- Issuer
- YieldMax
- Inception Date
- May 10, 2023
- Category
- Derivative Income, Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $1B
Share Price Chart
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Performance
NVDY Performance Chart
YieldMax NVDA Option Income Strategy ETF (NVDY) is up 8.8% since the beginning of the year. NVDY is currently trading at $13 per share.
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Returns By Period
YieldMax NVDA Option Income Strategy ETF (NVDY) has returned 8.82% so far this year and 38.63% over the past 12 months.
YieldMax NVDA Option Income Strategy ETF
- 1D
- 2.13%
- 1M
- -5.80%
- YTD
- 8.82%
- 6M
- 11.46%
- 1Y
- 38.63%
- 3Y*
- 52.38%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
NVDY Monthly Returns History
Based on dividend-adjusted daily data since May 11, 2023, NVDY's average daily return is +0.21%, while the average monthly return is +4.18%. At this rate, an investment would double in approximately 1.4 years.
Historically, 71% of months were positive and 29% were negative. The best month was Feb 2024 with a return of +25.9%, while the worst month was Jan 2025 at -12.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.
On a daily basis, NVDY closed higher 58% of trading days. The best single day was Feb 22, 2024 with a return of +17.0%, while the worst single day was Jan 27, 2025 at -16.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.77% | -6.27% | 1.16% | 9.04% | 3.61% | -2.10% | 8.82% | ||||||
| 2025 | -12.57% | 4.51% | -11.05% | -1.91% | 19.18% | 13.12% | 10.10% | 0.41% | 4.91% | 7.23% | -9.69% | 5.52% | 27.38% |
| 2024 | 12.70% | 25.93% | 9.30% | -4.23% | 16.56% | 11.92% | -1.05% | 0.50% | 0.19% | 8.41% | 5.67% | -3.15% | 114.23% |
| 2023 | 14.09% | 6.74% | 5.51% | 7.73% | -8.19% | -4.15% | 8.37% | 7.05% | 41.31% |
Benchmark Metrics
YieldMax NVDA Option Income Strategy ETF has an annualized alpha of 23.05%, beta of 1.66, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since May 11, 2023.
- This ETF captured 208.35% of S&P 500 Index gains but only 51.84% of its losses - a favorable profile for investors.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 23.05%
- Beta
- 1.66
- R²
- 0.42
- Upside Capture
- 208.35%
- Downside Capture
- 51.84%
Expense Ratio
NVDY has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NVDY ranks 49 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.52 | +0.51 |
| Martin ratioReturn relative to average drawdown | 7.17 | 11.31 | -4.14 |
Dividends
Dividend History
YieldMax NVDA Option Income Strategy ETF provided a 66.93% dividend yield over the last twelve months, with an annual payout of $8.63 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $8.63 | $12.14 | $19.53 | $5.05 |
Dividend yield | 66.93% | 83.10% | 83.65% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.54 | $0.41 | $0.49 | $0.69 | $0.54 | $0.25 | $2.91 | ||||||
| 2025 | $1.73 | $1.61 | $0.79 | $0.67 | $1.63 | $0.67 | $1.03 | $0.84 | $0.64 | $1.21 | $0.78 | $0.55 | $12.14 |
| 2024 | $0.63 | $1.53 | $2.62 | $2.61 | $1.20 | $2.56 | $2.47 | $1.25 | $1.35 | $1.10 | $1.02 | $1.19 | $19.53 |
| 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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 34.08%, occurring on Apr 4, 2025. Recovery took 61 trading sessions.
The current YieldMax NVDA Option Income Strategy ETF drawdown is 10.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -34.08%Apr 2025 | 4mo 13d | 3mo | 7mo 13dNov 2024 - Jul 2025 |
2024 bear market2024 | -21.19%Aug 2024 | 27d | 2mo 4d | 3mo 1dJul 2024 - Oct 2024 |
2024 correction2024 | -16.37%Apr 2024 | 24d | 1mo 1d | 1mo 25dMar 2024 - May 2024 |
2023 correction2023 | -13.93%Oct 2023 | 1mo 20d | 1mo 23d | 3mo 13dSep 2023 - Dec 2023 |
2025 correction2025 | -12.81%Dec 2025 | 1mo 13d | 3mo 29d | 5mo 12dNov 2025 - Apr 2026 |
Drawdown Indicators
| NVDY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -56.78% | +22.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -9.10% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -34.08% | -18.90% | -15.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -10.16% | -2.83% | -7.33% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -10.72% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 2.02% | +3.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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