Data as of Oct 28, 2026.
NVDY vs ULTY: Dividend Yield & Total Return
Over the year to Oct 28, 2026, ULTY paid 44.3% of its price in cash against NVDY’s 37.1%, though NVDY returned more with it reinvested.
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Net assets on Oct 27, 2026: $1.3bn for YieldMax NVDA Option Income Strategy ETF and $627m for YieldMax Ultra Option Income Strategy ETF.
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%
3.1 pts ahead of NVDA
37.1% of it arrived as cash. Total return, distributions reinvested. 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, 2026.4.1 pts ahead of its own holdings
ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
its own holdings
−15.3%
ULTY
−11.2%
4.1 pts ahead of its own holdings
Total return, distributions reinvested
4.1 pts ahead of its own holdings
ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
its own holdings
−15.3%
ULTY
−11.2%
44.3% of it arrived as cash. Both charts share one scale, with zero at the line. ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
NVDY costs 0.21 points a year less; their one-year returns differ by 21.7 points; NVDY is 2.1 times larger.
Points (pts) are percentage points.
| Measure | NVDY | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +10.5% | −11.2% |
| Price change, 1 year | fell 29.9% | fell 55.2% |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| Benchmark | NVIDIA (NVDA) | its own holdings |
| Cost and size | ||
| Expense ratio | 1.09% | 1.30% |
| Net assets, as of Oct 27, 2026 | $1.3bn | $627m |
| Holdings | ||
| Holdings in common | 0% | |
NVDY among the 74 income ETFs writing on a single company
How much of its payouts the fund's total return covered, ranked against 74 income ETFs writing on a single company and 164 income ETFs not writing on a single company. 100 is best. How it is computed
ULTY among the 164 income ETFs not writing on a single company
A percentile among the 74 income ETFs writing on a single company. ULTY is a percentile among the 164 income ETFs not 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 Oct 28, 2026. Method
Risk and return
Mar 8, 2024 to Oct 23, 2026 · 137 weekly returnsNVDY returned more: +114.0% to −0.3%. ULTY swung less: 24.1% to 34.2%. ULTY fell less at its worst: −25.9% to −32.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | NVDY | ULTY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +114.0% | −0.3% | NVDY | Price change plus distributions, reinvested. |
| Annualized | +33.5% | −0.1% | NVDY | Total return as a yearly rate. |
| Price return | −58.2% | −88.7% | NVDY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 34.2% | 24.1% | ULTY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 23.2% | 18.4% | ULTY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.3% | −25.9% | ULTY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.89 | −0.06 | NVDY | Return above Treasury bills per unit of volatility. |
| Sortino | 1.31 | −0.08 | NVDY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.04 | 0.00 | NVDY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 137 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, NVDY and ULTY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | NVDY | ULTY | NVDY | ULTY | NVDY | ULTY |
| 3 months | +12.1% | +4.2% | 10.5% | 15.4% | −1.4 pts | −9.8 pts |
| 6 months | +2.9% | +1.0% | 19.8% | 28.1% | −0.3 pts | −6.6 pts |
| 1 year | +10.5% | −11.2% | 37.1% | 44.3% | +3.1 pts | +4.1 pts |
| 3 years | +272.2% | – | 185.7% | – | −161.1 pts | – |
| Since launchNot the same days: NVDY May 2023 · ULTY Feb 2024 | +350.1% | +4.4% | 208.2% | 87.8% | −306.0 pts | not measured |
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NVDY and ULTY are built for the same job. How do they differ in cost, holdings and results?
- Income paid. NVDY paid 37.1% and ULTY 44.3% (cash paid over 1 year, as a share of its price at the start), a gap of 7.2 points.
- What each is measured against. NVDY is measured against NVIDIA (NVDA) and ULTY against its own holdings.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026).
Data as of Oct 28, 2026.
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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.
ULTY
Over the year to Oct 28, 2026, ULTY paid 44.3% of its starting value in cash distributions while its price fell 55.2%. With every distribution reinvested, the fund returned −11.2%. ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned −15.3% over the same days, so a holder was ahead by 4.1 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 60.7%, paid weekly. YieldMax estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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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.
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ETFIQ, NVDY against ULTY, data as of Oct 28, 2026. https://etfiq.com/compare/income/nvdy-vs-ulty
ETFIQ. (Oct 28, 2026). NVDY against ULTY. Retrieved from https://etfiq.com/compare/income/nvdy-vs-ulty
[NVDY against ULTY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/nvdy-vs-ulty)
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