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NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 26, 2026

The NVIDIA (NVDA) Yield Shares Purpose ETF aims to maximize yield from holding NVIDIA shares by employing a covered call strategy and moderate leverage, allowing investors to earn a higher attractive monthly yield while staying invested in NVIDIA shares.

NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) 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 YNVD.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to YNVD.NEO

YNVD.NEO charges 1.94% annually. There are 74 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%250.98MJul 2023YNVD.NEO vs USCL.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025YNVD.NEO vs EQLI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025YNVD.NEO vs ECHI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024YNVD.NEO vs JEPQ.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024YNVD.NEO vs JEPI.TO

Best Risk-Adjusted Alternatives to YNVD.NEO

YNVD.NEO has a PortfoliosLab risk / return rank of 31. There are 54 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
—Jun 2022YNVD.NEO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022YNVD.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
97
1.16BFeb 2022YNVD.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.65BJan 2011YNVD.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
197.22MJul 2023YNVD.NEO vs BKCL.TO

Top Performing YNVD.NEO Alternatives (YTD)

YNVD.NEO is at 5.40% YTD. There are 61 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.77%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
41.77%
—Feb 2022YNVD.NEO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
28.59%
267.19MOct 2023YNVD.NEO vs ENCL.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...
28.01%
7.51MMay 2024YNVD.NEO vs EMCL.NEO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
27.73%
—Feb 2025YNVD.NEO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
27.35%
1.16BFeb 2022YNVD.NEO vs BANK.TO

Lowest Volatility Alternatives to YNVD.NEO

YNVD.NEO has 37.12% 1-year volatility. There are 72 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.62%227.30MSep 2024YNVD.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.67%230.93MJan 2024YNVD.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.87%1.36BJun 2023YNVD.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.00%—Jun 2022YNVD.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.67%2.20BOct 2011YNVD.NEO vs ZWU.TO

Lowest Drawdown Alternatives to YNVD.NEO

YNVD.NEO has a 1-year max drawdown of -17.58%. There are 52 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
227.30MSep 2024YNVD.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022YNVD.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
230.93MJan 2024YNVD.NEO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.20BOct 2011YNVD.NEO vs ZWU.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF
-5.11%
—Sep 2022YNVD.NEO vs DXQ.TO

Other ETFs from Purpose Investments

The 10 most viewed Purpose Investments ETFs shown here include KILO.TO, BTCC.TO, PSA.TO and span 8 categories. AUM among these funds goes as high as $4B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
KILO.TO
Purpose Gold Bullion FundGold, Precious Metals
19
-7.73%
1.10BOct 2018YNVD.NEO vs KILO.TO
BTCC.TO
Purpose Bitcoin CAD ETF Currency Hedged UnitsCryptocurrency
1
-33.82%
1.70BFeb 2021YNVD.NEO vs BTCC.TO
PSA.TO
Purpose High Interest Savings FundMoney Market
99
1.03%
4.10BOct 2013YNVD.NEO vs PSA.TO
MNY.TO
Purpose Cash Management FundMoney Market
100
1.10%
2.90BSep 2022YNVD.NEO vs MNY.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
26
-17.49%
419.10MDec 2022YNVD.NEO vs YTSL.NEO
SBT.TO
Purpose Silver Bullion FundSilver, Precious Metals
26
-20.50%
155.00MMay 2016YNVD.NEO vs SBT.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
90
8.12%
223.90MJan 2018YNVD.NEO vs PDIV.TO
PMM.TO
Purpose Multi-Strategy Market Neutral FundLong-Short
76
7.58%
11.10MOct 2014YNVD.NEO vs PMM.TO
BTCY.TO
Purpose Bitcoin Yield ETF - ETF Units
1
-37.72%
116.50MDec 2021YNVD.NEO vs BTCY.TO
KILO-B.TO
Purpose Gold Bullion Fund ETF Non-Currency HedgedGold, Precious Metals
27
-3.54%
—Oct 2018YNVD.NEO vs KILO-B.TO

Often Compared With YNVD.NEO

Investors most often compare YNVD.NEO with NVHE.TO, NVDA, NVDX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETFDerivative Income
35
10.36%
247.27MAug 2024YNVD.NEO vs NVHE.TO
NVDA
NVIDIA Corporation
66
5.08%
——YNVD.NEO vs NVDA
NVDX
T-REX 2X Long NVIDIA Daily Target ETFLeveraged Equities
15
-4.38%
497.67MOct 2023YNVD.NEO vs NVDX
SHLD
Global X Defense Tech ETFAerospace & Defense
9
-10.17%
7.43BSep 2023YNVD.NEO vs SHLD
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
24.72%
7.99BNov 2012YNVD.NEO vs VDY.TO
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income
7
10.93%
—Feb 2025YNVD.NEO vs YCST.NEO
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETFLarge Cap Blend Equities
8
-3.86%
53.40MDec 2022YNVD.NEO vs BRKY.NEO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
94
17.77%
1.70BJul 2021YNVD.NEO vs HDIV.TO
PYF.TO
Purpose Premium Yield Fund Series ETFDiversified Portfolio
23
1.28%
693.10MNov 2018YNVD.NEO vs PYF.TO
BTCC-U.TO
Purpose Bitcoin ETF Non-Currency Hedged UnitsCryptocurrency
2
-32.50%
—Feb 2021YNVD.NEO vs BTCC-U.TO
ETHY.TO
Purpose Ether Yield ETF - ETF UnitsCryptocurrency
4
-55.42%
73.40MDec 2021YNVD.NEO vs ETHY.TO
ETHH.TO
Purpose Ether ETFCryptocurrency
5
-48.90%
—Oct 2021YNVD.NEO vs ETHH.TO
YAMZ.NEO
Amazon (AMZN) Yield Shares Purpose ETFDerivative Income
11
-7.30%
106.10MDec 2022YNVD.NEO vs YAMZ.NEO
BTCC-B.TO
Purpose Bitcoin ETF Non-Currency Hedged UnitsCryptocurrency
2
-29.70%
—Feb 2021YNVD.NEO vs BTCC-B.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
38
16.85%
116.28MFeb 2015YNVD.NEO vs NXF.TO
PSU-U.TO
Purpose US Cash FundMoney Market
100
1.66%
943.00Feb 2016YNVD.NEO vs PSU-U.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
93
11.75%
—Mar 2025YNVD.NEO vs GOGY.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
82
23.04%
708.27MApr 2011YNVD.NEO vs ENCC.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
62
12.60%
101.38MOct 2022YNVD.NEO vs HUTE.TO
MNU-U.TO
Purpose USD Cash Management ETFUltrashort Bond, Money Market
100
1.76%
—Apr 2023YNVD.NEO vs MNU-U.TO

Compare YNVD.NEO with Any Fund or Stock

Compare YNVD.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair YNVD.NEO with funds that move differently

NVIDIA (NVDA) Yield Shares Purpose ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to YNVD.NEO.

Explore YNVD.NEO Diversifiers