Which paid more, AIPI or NVDY?

Over the year to Oct 28, 2026, AIPI paid 30.4% of its starting price in cash and NVDY paid 37.1%, so NVDY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, AIPI or NVDY?

With every distribution reinvested, AIPI returned +15.5% and NVDY +10.5% over the year to Oct 28, 2026.

Which is cheaper, AIPI or NVDY?

AIPI charges 0.65% a year and NVDY charges 1.09%, so AIPI is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

AIPI vs NVDY: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, NVDY paid 37.1% of its price in cash against AIPI’s 30.4%, though AIPI returned more with it reinvested.

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Net assets on Oct 27, 2026: $490m for REX AI EQUITY PREMIUM INCOME ETF and $1.3bn for YieldMax NVDA Option Income Strategy ETF.

AIPI on its own →NVDY on its own →

At a glance

30.4%

AIPI cash paid, 1 year

37.1%

NVDY cash paid, 1 year

+15.5%

AIPI total return, 1 year

+10.5%

NVDY total return, 1 year

AIPI · 1 year to Oct 28, 2026 1.9 pts ahead of SPY

AIPI

+15.5%

SPY

+13.6%

1.9 pts ahead of SPY

AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.

SPY

+13.6%

AIPI

+15.5%

30.4% of it arrived as cash

1.9 pts ahead of SPY

Total return, distributions reinvested

1.9 pts ahead of SPY

AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.

SPY

+13.6%

AIPI

+15.5%

30.4% as cash

1.9 pts ahead of SPY

30.4% of it arrived as cash. Total return, distributions reinvested. AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

NVDY · 1 year to Oct 28, 2026 3.1 pts ahead of NVDA

NVDY

+10.5%

NVDA

+7.4%

3.1 pts ahead of NVDA

NVDY over 1 year: paid 37.1%, price −29.9%, total +10.5%, NVDA +7.4%, +3.1 pts. Data to Oct 28, 2026.

NVDA

+7.4%

NVDY

+10.5%

37.1% of it arrived as cash

3.1 pts ahead of NVDA

Total return, distributions reinvested

3.1 pts ahead of NVDA

NVDY over 1 year: paid 37.1%, price −29.9%, total +10.5%, NVDA +7.4%, +3.1 pts. Data to Oct 28, 2026.

NVDA

+7.4%

NVDY

+10.5%

37.1% as cash

3.1 pts ahead of NVDA

37.1% of it arrived as cash. Both charts share one scale, with zero at the line. NVDY over 1 year: paid 37.1%, price −29.9%, total +10.5%, NVDA +7.4%, +3.1 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

AIPI costs 0.44 points a year less; their one-year returns differ by 5.0 points; NVDY is 2.7 times larger.

Points (pts) are percentage points.

AIPI vs NVDY: Dividend Yield & Total Return
Measure	AIPI	NVDY
Paid and earned
Measure	AIPI	NVDY
Total return, 1 year	+15.5%	+10.5%
Price change, 1 year	fell 19.4%	fell 29.9%
Return of capital, issuer estimate	100% of the Oct 8, 2026 payment
Against its benchmark
Measure	AIPI	NVDY
Benchmark	S&P 500, measured through SPY	NVIDIA (NVDA)
Cost and size
Measure	AIPI	NVDY
Expense ratio	0.65%	1.09%
Net assets, as of Oct 27, 2026	$490m	$1.3bn
Holdings
Measure	AIPI	NVDY
Holdings in common	0%

ETFIQ Distribution Coverage Score · NVDY scores higher How much of what it paid out did its total return cover?

AIPI among the 164 income ETFs not writing on a single company

IQ Income Score36.3AIPI75NVDY

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company and 74 income ETFs writing on a single company. 100 is best. How it is computed

AIPI 36.3

0.3, the lowest in this set 99.7, the highest

NVDY among the 74 income ETFs writing on a single company

NVDY 75

0.7, the lowest in this set 99.3, the highest

A percentile among the 164 income ETFs not writing on a single company. NVDY is a percentile among the 74 income ETFs writing on a single company, a different set, so the two marks are not on one scale. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Holdings in common uses holdings dated May 31, 2026 and Oct 28, 2026. Method

Risk and return

Jun 14, 2024 to Oct 23, 2026 · 123 weekly returns

AIPI NVDY

Return

Total return edge NVDY +44.7% +54.1%

Annualized edge NVDY +16.9% +20.0%

Price return edge AIPI −34.5% −62.1%

Risk

Volatility edge AIPI 21.3% 32.9%

Max drawdown edge AIPI −24.9% −32.3%

Downside capture 116.5% 92.4%

Beta 1.22 0.70

Risk-adjusted

Sharpe edge AIPI (slight) 0.64 0.59

Sortino edge AIPI (slight) 0.92 0.85

Treynor 0.112 0.606

Calmar edge AIPI (slight) 0.68 0.62

Against the benchmark

Alpha −1.4% a year −0.4% a year

Alpha t-stat −0.19 −0.06

Information ratio 0.12 −1.07

Tracking error 11.7% 17.5%

Each against its own benchmark: AIPI against SPY, Jun 14, 2024 to Oct 23, 2026; NVDY against NVDA, May 19, 2023 to Oct 23, 2026.

Reading

NVDY returned more: +54.1% to +44.7%. AIPI swung less: 21.3% to 32.9%. AIPI fell less at its worst: −24.9% to −32.3%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AIPI vs NVDY: Dividend Yield & Total Return
Measure	AIPI	NVDY	Edge	How it is measured
Return
Total return	+44.7%	+54.1%	NVDY	Price change plus distributions, reinvested.
Annualized	+16.9%	+20.0%	NVDY	Total return as a yearly rate.
Price return	−34.5%	−62.1%	AIPI	Price change alone, distributions left out.
Risk
Volatility	21.3%	32.9%	AIPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.0%	23.1%	AIPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−24.9%	−32.3%	AIPI	Deepest fall from a high to the low after it.
Upside capture	130.1%	50.3%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	116.5%	92.4%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.22	0.70	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.72	0.89	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.64	0.59	AIPI (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.92	0.85	AIPI (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.112	0.606		Return above Treasury bills per unit of beta.
Calmar	0.68	0.62	AIPI (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	NVDA		The ETF each fund is measured against.
Alpha	−1.4% a year	−0.4% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.19	−0.06	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−16.0% to +13.2%	−12.4% to +11.7%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.12	−1.07		Return against its benchmark per unit of tracking error.
Tracking error	11.7%	17.5%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 123 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AIPI and NVDY hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AIPI NVDY

Only in one fund ↓

Only in AIPI

CROWDSTRIKE HOLDINGS, INC. 12.93%

PALANTIR TECHNOLOGIES INC. 9.11%

NVIDIA CORPORATION 8.92%

Astera Labs, Inc 7.80%

DATADOG, INC. 7.21%

MICRON TECHNOLOGY, INC. 4.50%

SUPER MICRO COMPUTER, INC. 4.28%

IONQ Inc 3.92%

Only in NVDY

United States Treasury Note/Bond 3.375% 09/15/2027 19.44%

United States Treasury Note/Bond 2.375% 05/15/2027 18.49%

NVDA US 11/20/26 C210 6.10%

NVDA US 10/30/26 C220 0.22%

2NVDA US 11/20/26 C210.01 FLX 0.08%

NVDA US 10/30/26 C225 0.06%

NVDA US 10/30/26 C217.5 -0.48%

NVDA US 10/30/26 C215 -0.67%

Check overlap with more funds →

Side by side

AIPI REX AI EQUITY PREMIUM INCOME ETF · Covered call on SPY, paying weekly NVDY YieldMax NVDA Option Income Strategy ETF · Synthetic covered call on NVDA, paying weekly

Issuer REX YieldMax

Strategy covered call synthetic covered call

Benchmark S&P 500 (SPY) NVIDIA (NVDA)

Pays weekly weekly

Payout rate, annualized 34.3% 25.2%

Expense ratio 0.65% 1.09%

Cash paid, 1 year 30.4% 37.1%

Price change, 1 year −19.4% −29.9%

Total return, 1 year +15.5% +10.5%

Benchmark return, 1 year +13.6% +7.4%

Ahead or behind +1.9 pts +3.1 pts

Return of capital, latest estimate 100% not published

Age 2.4 years 3.5 years

Net assets, as of Oct 27, 2026 $490m $1.3bn

As of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: AIPI vs NVDY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	AIPI	NVDY	AIPI	NVDY	AIPI	NVDY
3 months	+19.0%	+12.1%	9.7%	10.5%	+12.9 pts	−1.4 pts
6 months	+18.5%	+2.9%	15.9%	19.8%	+9.4 pts	−0.3 pts
1 year	+15.5%	+10.5%	30.4%	37.1%	+1.9 pts	+3.1 pts
3 years	–	+272.2%	–	185.7%	–	−161.1 pts
Since launchNot the same days: AIPI Jun 2024 · NVDY May 2023	+58.9%	+350.1%	67.1%	208.2%	+8.5 pts	−306.0 pts

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Alert

About each fund

AIPI

Over the year to Oct 28, 2026, AIPI paid 30.4% of its starting value in cash distributions while its price fell 19.4%. With every distribution reinvested, the fund returned +15.5%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 1.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 34.3%, paid weekly. REX estimates that 100% of the distribution paid Oct 8, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

NVDY

Over the year to Oct 28, 2026, NVDY paid 37.1% of its starting value in cash distributions while its price fell 29.9%. With every distribution reinvested, the fund returned +10.5%. NVIDIA (NVDA) returned +7.4% over the same days, so a holder was ahead by 3.1 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 25.2%, paid weekly.

Questions people ask

Which paid more, AIPI or NVDY?: Over the year to Oct 28, 2026, AIPI paid 30.4% of its starting price in cash and NVDY paid 37.1%, so NVDY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, AIPI or NVDY?: With every distribution reinvested, AIPI returned +15.5% and NVDY +10.5% over the year to Oct 28, 2026.
Which is cheaper, AIPI or NVDY?: AIPI charges 0.65% a year and NVDY charges 1.09%, so AIPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIPI vs MSTY AIPI vs AMZY AIPI vs MSFO AIPI vs NDIV NVDY vs XDTE NVDY vs ISPY NVDY vs BALI NVDY vs XYLD

Where to next

S&P 500 (SPY) →AIPI on its own →NVDY on its own →AIPI dividend history →AIPI holdings →NVDY dividend history →NVDY holdings →Method →Standards and sources →

Sources and dates

AIPI filings on SEC EDGAR ↗

AIPI prospectus with the expense ratio (SEC) ↗

AIPI 19a-1 distribution notice ↗

REX page for AIPI ↗

NVDY filings on SEC EDGAR ↗

NVDY prospectus with the expense ratio (SEC) ↗

NVDY 19a-1 distribution notice ↗

YieldMax page for NVDY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AIPI against NVDY, data as of Oct 28, 2026. https://etfiq.com/compare/income/aipi-vs-nvdy

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