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

ETF · Currency in CAD · Last updated Jun 5, 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 72 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%249.48MJul 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
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%235.30MSep 2024YNVD.NEO vs HBIL.TO

Best Risk-Adjusted Alternatives to YNVD.NEO

YNVD.NEO has a PortfoliosLab risk / return rank of 65. There are 39 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
97
—Feb 2022YNVD.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
96
1.08BFeb 2022YNVD.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
95
187.53MJul 2023YNVD.NEO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
95
370.01MMay 2011YNVD.NEO vs BKCC.TO

Top Performing YNVD.NEO Alternatives (YTD)

YNVD.NEO is at 20.36% YTD. There are 13 ETFs in the Derivative Income category with higher YTD returns, going as high as 42.78%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
42.78%
—Feb 2025YNVD.NEO vs YAVG.NEO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
38.88%
—Aug 2025YNVD.NEO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
37.98%
286.32MOct 2023YNVD.NEO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
31.66%
116.31MFeb 2015YNVD.NEO vs NXF.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF
30.95%
476.70MFeb 2024YNVD.NEO vs EMAX.TO

Lowest Volatility Alternatives to YNVD.NEO

YNVD.NEO has 35.48% 1-year volatility. There are 72 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.66%235.30MSep 2024YNVD.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.53%226.83MJan 2024YNVD.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.65%1.34BJun 2023YNVD.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.89%—Jun 2022YNVD.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.59%2.17BOct 2011YNVD.NEO vs ZWU.TO

Lowest Drawdown Alternatives to YNVD.NEO

YNVD.NEO has a 1-year max drawdown of -16.41%. There are 50 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%
235.30MSep 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...
-3.85%
226.83MJan 2024YNVD.NEO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
97.17MOct 2022YNVD.NEO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.17BOct 2011YNVD.NEO vs ZWU.TO

Other ETFs from Purpose Investments

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

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BTCC.TO
Purpose Bitcoin CAD ETF Currency Hedged UnitsCryptocurrency
2
-28.70%
1.90BNov 2021YNVD.NEO vs BTCC.TO
PSA.TO
Purpose High Interest Savings FundMoney Market
100
0.90%
4.20BOct 2013YNVD.NEO vs PSA.TO
MNY.TO
Purpose Cash Management FundMoney Market
100
0.96%
2.90BSep 2022YNVD.NEO vs MNY.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
33
-7.41%
438.20MDec 2022YNVD.NEO vs YTSL.NEO
SBT.TO
Purpose Silver Bullion FundSilver, Precious Metals
48
2.63%
164.90MMay 2016YNVD.NEO vs SBT.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
85
7.79%
212.60MJan 2018YNVD.NEO vs PDIV.TO
PMM.TO
Purpose Multi-Strategy Market Neutral FundLong-Short
68
5.84%
10.90MOct 2014YNVD.NEO vs PMM.TO
BTCY.TO
Purpose Bitcoin Yield ETF - ETF Units
2
-31.93%
116.80MDec 2021YNVD.NEO vs BTCY.TO
KILO-B.TO
Purpose Gold Bullion Fund ETF Non-Currency HedgedGold, Precious Metals
38
4.82%
—Oct 2018YNVD.NEO vs KILO-B.TO
BTCC-B.TO
Purpose Bitcoin ETF Non-Currency Hedged UnitsCryptocurrency
2
-26.65%
—Oct 2021YNVD.NEO vs BTCC-B.TO

Often Compared With YNVD.NEO

Investors most often compare YNVD.NEO with NVHE.TO, NVDA, NVDX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
NVHE.TO
Harvest NVIDIA Enhanced High Income Shares ETFDerivative Income
57
21.88%
246.25MAug 2024YNVD.NEO vs NVHE.TO
NVDA
NVIDIA Corporation
80
17.39%
——YNVD.NEO vs NVDA
NVDX
T-REX 2X Long NVIDIA Daily Target ETFLeveraged Equities
34
21.55%
576.52MOct 2023YNVD.NEO vs NVDX
SHLD
Global X Defense Tech ETFAerospace & Defense
17
-0.74%
7.99BSep 2023YNVD.NEO vs SHLD
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
22.00%
7.99BNov 2012YNVD.NEO vs VDY.TO
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income
6
13.86%
—Feb 2025YNVD.NEO vs YCST.NEO
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETFLarge Cap Blend Equities
5
-6.22%
51.20MDec 2022YNVD.NEO vs BRKY.NEO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
93
17.22%
1.63BJul 2021YNVD.NEO vs HDIV.TO
PYF.TO
Purpose Premium Yield Fund Series ETFDiversified Portfolio
24
1.34%
708.70MNov 2018YNVD.NEO vs PYF.TO
BTCC-U.TO
Purpose Bitcoin ETF Non-Currency Hedged UnitsCryptocurrency
2
-27.40%
—Nov 2021YNVD.NEO vs BTCC-U.TO
ETHY.TO
Purpose Ether Yield ETF - ETF UnitsCryptocurrency
4
-47.61%
80.50MDec 2021YNVD.NEO vs ETHY.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETFDerivative Income
32
2.05%
—Sep 2024YNVD.NEO vs JEPI.TO
YAMZ.NEO
Amazon (AMZN) Yield Shares Purpose ETFDerivative Income
22
5.68%
118.20MDec 2022YNVD.NEO vs YAMZ.NEO
ETHH.TO
Purpose Ether ETFCryptocurrency
5
-41.34%
—Oct 2021YNVD.NEO vs ETHH.TO
PSU-U.TO
Purpose US Cash FundMoney Market
99
1.06%
964.00Feb 2016YNVD.NEO vs PSU-U.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
94
19.65%
—Mar 2025YNVD.NEO vs GOGY.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
30.00%
759.08MApr 2011YNVD.NEO vs ENCC.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
16
-0.04%
385.04MMay 2024YNVD.NEO vs HPYT.TO
MNU-U.TO
Purpose USD Cash Management ETFUltrashort Bond, Money Market
99
1.14%
—Apr 2023YNVD.NEO vs MNU-U.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
93
12.26%
2.30BFeb 2017YNVD.NEO vs ZWC.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