YieldMax NVDA Option Income Strategy ETF (NVDY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NVDY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NVDY
NVDY charges 0.99% annually. There are 145 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.28M | Nov 2024 | NVDY vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | NVDY vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | NVDY vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | NVDY vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.77B | Oct 2023 | NVDY vs GPIX |
Best Risk-Adjusted Alternatives to NVDY
NVDY has a PortfoliosLab risk / return rank of 32. There are 91 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 96 | 474.96M | Oct 2022 | NVDY vs BUCK | |
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | NVDY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 94 | 246.95M | Jul 2023 | NVDY vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | NVDY vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 92 | 938.31M | Jan 2014 | NVDY vs FTQI |
Top Performing NVDY Alternatives (YTD)
NVDY is at 11.98% YTD. There are 60 ETFs in the Derivative Income category with higher YTD returns, going as high as 182.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 182.49% | 27.86M | Oct 2025 | NVDY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 181.24% | 116.76M | Jul 2025 | NVDY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 107.90% | 443.39M | Sep 2023 | NVDY vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 93.46% | 127.56M | Oct 2023 | NVDY vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.62% | 1.16B | Apr 2025 | NVDY vs CHPY |
Lowest Volatility Alternatives to NVDY
NVDY has 28.77% 1-year volatility. There are 186 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | NVDY vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.44% | 206.17M | Apr 2026 | NVDY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.85% | 88.48M | Feb 2025 | NVDY vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.26B | Dec 2015 | NVDY vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.05% | 726.94K | May 2026 | NVDY vs FIYY |
Lowest Drawdown Alternatives to NVDY
NVDY has a 1-year max drawdown of -14.67%. There are 98 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | NVDY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | NVDY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | NVDY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | NVDY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | NVDY vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $870M.
Often Compared With NVDY
Investors most often compare NVDY with NVDA, NVDX, NVII. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare NVDY with Any Fund or Stock
Compare NVDY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NVDY with funds that move differently
YieldMax NVDA Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NVDY.
Explore NVDY Diversifiers