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DIPS YieldMax(R) Short NVDA Option Income Strategy ETF

Short single-stock option income on NVDA, paying weekly

Over the year to Sep 11, 2026, DIPS paid 35.2% in cash and still finished 37.9 points behind NVDA.

YieldMax · Income ETFs · data as of

Key facts

35.2%Cash paid, 1 year, on its starting price
−14.4%Total return, 1 year
−37.9 ptsAgainst NVDA
90.5%Return of capital, latest payout (YieldMax estimate)

Method

ETFIQ Return Stability Score

25.455th of 61

DIPS paid 35.2% in cash. Its price fell 45.5%, so 100% of what you were paid came back out of your own capital.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MRNY −136.8 ptsAMDY −66.7 ptsXOMO −20.9 ptsTQQY −20.2 ptsAPLY −18.6 ptsGOOP −17.6 ptsTSYY −16.1 ptsMARO −15.2 ptsCOYY −11.8 ptsTSMY −11.7 ptsMSTW −11.4 ptsHOOW −10.9 ptsCOIW −10.5 ptsPLTW −9.8 ptsTSLP −9.1 ptsXYZY −8.9 ptsGOOY −8.5 ptsAAPY −8.4 ptsNFLW −7.7 ptsAMZP −7.2 ptsGMEY −7.2 ptsHCOW −7.2 ptsTSLW −7.0 ptsMETW −6.9 ptsYSPY −6.8 ptsAVGW −6.6 ptsMSFY −6.6 ptsAIYY −5.6 ptsSMCY −5.3 ptsNFLP −4.7 ptsMSFW −4.6 ptsAMZY −4.0 ptsHOOY −3.8 ptsSNOY −3.6 ptsBRKW −3.5 ptsFBY −3.5 ptsAMZW −3.1 ptsCRSH −2.2 ptsNVDW −1.8 ptsPYPY −1.8 ptsTSII −1.8 ptsDRAY −1.4 ptsBRKC −0.9 ptsNVDY −0.2 ptsGOOW +1.7 ptsMSFO +1.8 ptsRBLY +1.8 ptsNVII +2.3 ptsRDYY +3.7 ptsNFLY +4.0 ptsAAPW +4.1 ptsTSLY +4.8 ptsBABO +4.9 ptsCONY +4.9 ptsCVNY +5.3 ptsMSTY +5.5 ptsPLTY +5.5 ptsAMDW +47.3 ptsFIAT +70.4 ptsWNTR +94.6 ptsDIPS −37.9 ptsDIPS −37.9 pts−136.8 pts+94.6 pts

4.1% of the 61 sit at or below DIPS on this measure.

What happened to the principal
MSTW −87.3%COYY −86.8%RBLY −81.7%MSTY −80.9%COIW −79.2%MARO −75.6%CONY −72.9%DRAY −72.2%RDYY −71.3%AIYY −71.0%TSYY −69.7%SMCY −64.1%NFLW −62.3%HOOY −59.8%HOOW −59.2%BABO −56.9%NFLY −55.1%GMEY −52.9%PYPY −51.8%CVNY −51.5%PLTW −50.4%NFLP −50.2%XYZY −48.1%CRSH −46.9%TSLW −46.8%TSII −46.5%METW −46.0%WNTR −45.9%FIAT −45.3%AVGW −44.5%FBY −44.3%TSLY −44.2%PLTY −43.6%TQQY −35.3%MSFW −31.5%AMZY −30.5%TSLP −30.0%MSFO −29.8%AMZW −25.8%SNOY −25.4%YSPY −25.3%NVDW −24.5%MSFY −24.1%NVDY −23.6%NVII −23.1%BRKW −17.8%BRKC −16.0%GOOY −15.1%AMZP −12.9%APLY −9.6%XOMO −6.9%TSMY −5.0%GOOW −2.2%HCOW +1.6%GOOP +7.3%AAPW +11.3%AMDY +19.5%AAPY +20.6%MRNY +85.5%AMDW +93.7%DIPS −45.5%DIPS −45.5%−87.3%+93.7%

46.7% of the 61 sit at or below DIPS on this measure.

Weighted evenly, those two positions are what the score combines, across the 61 income ETFs writing on a single company. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−37.9 pts4.150%
what happened to the principal−45.5%46.750%

All income ETFs ranked by this score · How it is computed

4th of 4 income ETFs writing on NVDA, by return against it

What a holder got

DIPS against NVDADIPS returned −14.4% with distributions reinvested against +23.5% for NVIDIA (NVDA), a gap of −37.9 pts. Of that, 35.2% arrived as cash rather than price.−14.4%DIPS total return+23.5%NVIDIA (NVDA)

Over the year to Sep 11, 2026, DIPS returned −14.4% with distributions reinvested and NVIDIA (NVDA) returned +23.5%, so a holder came out behind it by 37.9 points. The lighter segment is the 35.2% that arrived as cash rather than as price.

Method

Period by period

DIPS over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnNVDAAhead or behind
3 months9.6%−17.4%−8.4%+6.5%−14.9 pts
6 months16.9%−34.2%−18.7%+21.4%−40.1 pts
1 year35.2%−45.5%−14.4%+23.5%−37.9 pts
Since launch45.3%−84.0%−54.5%+91.6%−146.0 pts

Method

When DIPS pays

DIPS pays weekly. The last distribution was $0.2222 a share, which went ex on Sep 10, 2026, with payment about 1 day later. The issuer has set the next ex-date at Sep 16, 2026, payable Sep 17, 2026, but has not declared the amount.

Expected distributions for DIPS. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 16, 2026Sep 17, 2026$0.2222Date set by the issuer, amount not yet declared
Sep 23, 2026Sep 24, 2026$0.2222Date set by the issuer, amount not yet declared
Sep 30, 2026Oct 1, 2026$0.2222Date set by the issuer, amount not yet declared
Oct 7, 2026Oct 8, 2026$0.2222Date set by the issuer, amount not yet declared
Oct 14, 2026Oct 15, 2026$0.2222Date set by the issuer, amount not yet declared
Oct 21, 2026Oct 22, 2026$0.2222Date set by the issuer, amount not yet declared
Every distribution ETFIQ holds for DIPS (13, most recent first)
Cash distributions per share for DIPS. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 10, 2026$0.2222
Sep 3, 2026$0.2293
Aug 27, 2026$0.2431
Aug 20, 2026$0.2312
Aug 13, 2026$0.2383
Aug 6, 2026$0.2877
Jul 30, 2026$0.3059
Jul 23, 2026$0.2841
Jul 16, 2026$0.2813
Jul 9, 2026$0.3343
Jul 2, 2026$0.379
Jun 25, 2026$0.3301
Jun 18, 2026$0.473

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Jul 24, 2024, DIPS has returned −54.5% with distributions reinvested, against +91.6% for NVIDIA (NVDA), and has paid out 45.3% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 35.0%. YieldMax estimates that 90% of the distribution paid Sep 11, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.

DIPS (YieldMax(R) Short NVDA Option Income Strategy ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategyshort single-stock option income
BenchmarkNVIDIA (NVDA)
Paysweekly
Net assets (issuer page, as of Sep 11, 2026)$7m
Latest payout, annualized (ETFIQ)35.0%
Expense ratio (485BPOS XBRL, Feb 24, 2026)1.05%
Cash paid, last 12 months, over today’s price (ETFIQ)64.6%
LaunchedJul 24, 2024
Return of capital, latest distribution (YieldMax 19a-1 estimate)90.5%
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.2222 ex Sep 10, 2026
Sum of the last 12 distributions$3.3665

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has DIPS paid over the last year?
Over the year to Sep 11, 2026, DIPS paid 35.2% of its starting price in cash distributions, while the price fell 45.5%.
Is DIPS ahead of NVDA?
Over the year to Sep 11, 2026, with every distribution reinvested, DIPS returned −14.4% against +23.5% for NVIDIA (NVDA), so a holder was behind it by 37.9 points.
How often does DIPS pay, and how much?
DIPS pays weekly. The latest distribution annualizes to 35.0% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
Is the DIPS distribution return of capital?
YieldMax estimates 90% of the distribution paid Sep 11, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does DIPS next pay a distribution?
DIPS pays weekly. The last distribution went ex on Sep 10, 2026 at $0.2222 a share. The issuer has set the next ex-date at Sep 16, 2026 but not the amount.
What does DIPS cost?
The prospectus expense ratio is 1.05% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

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DIPS payout bar, ETFIQ

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Where DIPS is written about

DIPS, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
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Open DIPS live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, DIPS, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/dips Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources