{
 "ticker": "DIPS",
 "name": "YieldMax(R) Short NVDA Option Income Strategy ETF",
 "issuer": "YieldMax",
 "desk": "income",
 "url": "https://etfiq.com/funds/dips",
 "html": "https://etfiq.com/funds/dips",
 "markdown": "https://etfiq.com/funds/dips.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, DIPS paid 35.2% in cash and still finished 37.9 points behind NVDA.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "35.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DIPS, cash paid, 1 year, on its starting price: 35.2%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u221214.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DIPS, total return, 1 year: \u221214.4%, as of Sep 11, 2026."
  },
  {
   "key": "against_nvda",
   "label": "Against NVDA",
   "value": "\u221237.9 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DIPS, against NVDA: \u221237.9 pts, as of Sep 11, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (YieldMax estimate)",
   "value": "90.5%",
   "source": "YieldMax estimate",
   "as_of": "2026-09-11",
   "sentence": "DIPS, return of capital, latest payout (YieldMax estimate): 90.5%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$7m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "DIPS, net assets: $7m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.05%",
   "source": "485BPOS XBRL, Feb 24, 2026",
   "as_of": "2026-09-11",
   "sentence": "DIPS, expense ratio: 1.05% (485BPOS XBRL, Feb 24, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "short single-stock option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "NVIDIA (NVDA)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$7m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "35.0%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.05%",
   "source": "485BPOS XBRL, Feb 24, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "64.6%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 24, 2024",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "90.5%",
   "source": "YieldMax 19a-1 estimate"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "7 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "1 day",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.2222 ex Sep 10, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$3.3665",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "9.6%",
   "Price": "\u221217.4%",
   "Total return": "\u22128.4%",
   "NVDA": "+6.5%",
   "Ahead or behind": "\u221214.9 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "16.9%",
   "Price": "\u221234.2%",
   "Total return": "\u221218.7%",
   "NVDA": "+21.4%",
   "Ahead or behind": "\u221240.1 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "35.2%",
   "Price": "\u221245.5%",
   "Total return": "\u221214.4%",
   "NVDA": "+23.5%",
   "Ahead or behind": "\u221237.9 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "45.3%",
   "Price": "\u221284.0%",
   "Total return": "\u221254.5%",
   "NVDA": "+91.6%",
   "Ahead or behind": "\u2212146.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has DIPS paid over the last year?",
   "a": "Over the year to Sep 11, 2026, DIPS paid 35.2% of its starting price in cash distributions, while the price fell 45.5%."
  },
  {
   "q": "Is DIPS ahead of NVDA?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, DIPS returned \u221214.4% against +23.5% for NVIDIA (NVDA), so a holder was behind it by 37.9 points."
  },
  {
   "q": "How often does DIPS pay, and how much?",
   "a": "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."
  },
  {
   "q": "Is the DIPS distribution return of capital?",
   "a": "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."
  },
  {
   "q": "When does DIPS next pay a distribution?",
   "a": "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."
  },
  {
   "q": "What does DIPS cost?",
   "a": "The prospectus expense ratio is 1.05% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}