Which paid more, NVDY or YMAX?

Over the year to Oct 28, 2026, NVDY paid 37.1% of its starting price in cash and YMAX paid 36.1%, 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, NVDY or YMAX?

With every distribution reinvested, NVDY returned +10.5% and YMAX −4.0% over the year to Oct 28, 2026.

Which is cheaper, NVDY or YMAX?

NVDY charges 1.09% a year and YMAX charges 1.33%, so NVDY is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

NVDY vs YMAX: 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 YMAX’s 36.1%, and 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 $352m for YieldMax Universe Fund of Option Income ETFs.

NVDY on its own →YMAX on its own →

At a glance

37.1%

NVDY cash paid, 1 year

36.1%

YMAX cash paid, 1 year

+10.5%

NVDY total return, 1 year

−4.0%

YMAX total return, 1 year

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. 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.

YMAX · 1 year to Oct 28, 2026 14.9 pts behind its own holdings

YMAX

−4.0%

Own

+10.9%

14.9 pts behind its own holdings

YMAX over 1 year: paid 36.1%, price −42.4%, total −4.0%, its own holdings +10.9%, −14.9 pts. Data to Oct 28, 2026.

its own holdings

+10.9%

YMAX

−4.0%

14.9 pts behind its own holdings

Total return, distributions reinvested

14.9 pts behind its own holdings

YMAX over 1 year: paid 36.1%, price −42.4%, total −4.0%, its own holdings +10.9%, −14.9 pts. Data to Oct 28, 2026.

its own holdings

+10.9%

YMAX

−4.0%

14.9 pts behind its own holdings

36.1% of it arrived as cash. Both charts share one scale, with zero at the line. YMAX over 1 year: paid 36.1%, price −42.4%, total −4.0%, its own holdings +10.9%, −14.9 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

NVDY costs 0.24 points a year less; their one-year returns differ by 14.5 points; NVDY is 3.7 times larger.

Points (pts) are percentage points.

NVDY vs YMAX: Dividend Yield & Total Return
Measure	NVDY	YMAX
Paid and earned
Measure	NVDY	YMAX
Total return, 1 year	+10.5%	−4.0%
Price change, 1 year	fell 29.9%	fell 42.4%
Return of capital, issuer estimate		35% of the Oct 29, 2026 payment
Against its benchmark
Measure	NVDY	YMAX
Benchmark	NVIDIA (NVDA)	its own holdings
Cost and size
Measure	NVDY	YMAX
Expense ratio	1.09%	1.33%
Net assets, as of Oct 27, 2026	$1.3bn	$352m
Holdings
Measure	NVDY	YMAX
Holdings in common	0%

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

NVDY among the 74 income ETFs writing on a single company

IQ Income Score75NVDY16.2YMAX

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

NVDY 75

0.7, the lowest in this set 99.3, the highest

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

YMAX 16.2

0.3, the lowest in this set 99.7, the highest

A percentile among the 74 income ETFs writing on a single company. YMAX 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

Jan 26, 2024 to Oct 23, 2026 · 143 weekly returns

NVDY YMAX

Return

Total return edge NVDY +179.4% +38.1%

Annualized edge NVDY +45.3% +12.5%

Price return edge NVDY −52.8% −64.9%

Risk

Volatility edge YMAX 34.4% 21.8%

Max drawdown edge YMAX −32.3% −24.1%

Risk-adjusted

Sharpe edge NVDY 1.13 0.45

Sortino edge NVDY 1.72 0.65

Calmar edge NVDY 1.40 0.52

Reading

NVDY returned more: +179.4% to +38.1%. YMAX swung less: 21.8% to 34.4%. YMAX fell less at its worst: −24.1% to −32.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: NVDY vs YMAX: Dividend Yield & Total Return
Measure	NVDY	YMAX	Edge	How it is measured
Return
Total return	+179.4%	+38.1%	NVDY	Price change plus distributions, reinvested.
Annualized	+45.3%	+12.5%	NVDY	Total return as a yearly rate.
Price return	−52.8%	−64.9%	NVDY	Price change alone, distributions left out.
Risk
Volatility	34.4%	21.8%	YMAX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	22.8%	15.1%	YMAX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−32.3%	−24.1%	YMAX	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.13	0.45	NVDY	Return above Treasury bills per unit of volatility.
Sortino	1.72	0.65	NVDY	Return above Treasury bills per unit of downside deviation.
Calmar	1.40	0.52	NVDY	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 143 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first NVDY YMAX

Only in one fund ↓

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%

Only in YMAX

YieldMax AMD Option Income Strategy ETF 5.17%

YieldMaxTM PLTR Option Income Strategy ETF 5.06%

YieldMax MRNA Option Income Strategy ETF 4.93%

YieldMax AI Option Income Strategy ETF 4.75%

YieldMax MSFT Option Income Strategy ETF 4.53%

YieldMax SNOW Option Income Strategy ETF 4.53%

YieldMax COIN Option Income Strategy ETF 4.41%

YieldMax Bitcoin Option Income Strategy ETF 4.36%

Check overlap with more funds →

Side by side

NVDY YieldMax NVDA Option Income Strategy ETF · Synthetic covered call on NVDA, paying weekly YMAX YieldMax Universe Fund of Option Income ETFs · Synthetic covered call on its own holdings, paying weekly

Issuer YieldMax YieldMax

Strategy synthetic covered call synthetic covered call

Benchmark NVIDIA (NVDA) YMAX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026)

Pays weekly weekly

Payout rate, annualized 25.2% 39.9%

Expense ratio 1.09% 1.33%

Cash paid, 1 year 37.1% 36.1%

Price change, 1 year −29.9% −42.4%

Total return, 1 year +10.5% −4.0%

Benchmark return, 1 year +7.4% +10.9%

Ahead or behind +3.1 pts −14.9 pts

Return of capital, latest estimate not published 35%

Age 3.5 years 2.8 years

Net assets, as of Oct 27, 2026 $1.3bn $352m

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: NVDY vs YMAX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	NVDY	YMAX	NVDY	YMAX	NVDY	YMAX
3 months	+12.1%	+10.0%	10.5%	10.6%	−1.4 pts	−18.4 pts
6 months	+2.9%	+10.4%	19.8%	22.3%	−0.3 pts	−15.1 pts
1 year	+10.5%	−4.0%	37.1%	36.1%	+3.1 pts	−14.9 pts
3 years	+272.2%	–	185.7%	–	−161.1 pts	–
Since launchNot the same days: NVDY May 2023 · YMAX Jan 2024	+350.1%	+43.9%	208.2%	93.4%	−306.0 pts	not measured

– means no data for this window. Open this comparison in the app →

Client brief · page 1 of 2 Report BR-BBE2BFE9F1

NVDY and YMAX are built for the same job. How do they differ in cost, holdings and results?

What each is measured against. NVDY is measured against NVIDIA (NVDA) and YMAX against its own holdings.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026).
One-year total return. Over 1 year to Oct 28, 2026 NVDY returned +10.5% and YMAX −4.0% with distributions reinvested, a gap of 14.5 points.

Data as of Oct 28, 2026.

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About each fund

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.

YMAX

Over the year to Oct 28, 2026, YMAX paid 36.1% of its starting value in cash distributions while its price fell 42.4%. With every distribution reinvested, the fund returned −4.0%. YMAX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned +10.9% over the same days, so a holder was behind by 14.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 39.9%, paid weekly. YieldMax estimates that 35% 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

Which paid more, NVDY or YMAX?: Over the year to Oct 28, 2026, NVDY paid 37.1% of its starting price in cash and YMAX paid 36.1%, 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, NVDY or YMAX?: With every distribution reinvested, NVDY returned +10.5% and YMAX −4.0% over the year to Oct 28, 2026.
Which is cheaper, NVDY or YMAX?: NVDY charges 1.09% a year and YMAX charges 1.33%, so NVDY is cheaper. Fees come from each fund's prospectus.

Other comparisons

NVDY vs ULTY NVDY vs OARK NVDY vs DIPS NVDY vs CONY YMAX vs TSLY YMAX vs ULTY YMAX vs SDTY YMAX vs OARK

Where to next

NVDY on its own →YMAX on its own →NVDY dividend history →NVDY holdings →YMAX dividend history →YMAX holdings →Method →Standards and sources →

Sources and dates

NVDY and YMAX filings on SEC EDGAR ↗

NVDY prospectus with the expense ratio (SEC) ↗

NVDY 19a-1 distribution notice ↗

YieldMax page for NVDY ↗

YMAX prospectus with the expense ratio (SEC) ↗

YMAX 19a-1 distribution notice ↗

YieldMax page for YMAX ↗

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

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