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NVDY YieldMax(R) NVDA Option Income Strategy ETF

Synthetic covered call on NVDA, paying weekly

Over the year to Sep 11, 2026, NVDY paid 41.9% in cash and finished level with NVDA.

YieldMax · Income ETFs · data as of

Key facts

41.9%Cash paid, 1 year, on its starting price
+23.3%Total return, 1 year
−0.2 ptsAgainst NVDA
69.1%Return of capital, latest payout (YieldMax estimate)

Method

ETFIQ Return Stability Score

73.0joint 7th of 61

NVDY paid 41.9% in cash. Its price fell 23.6%, so 56% 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 ptsDIPS −37.9 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 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 ptsNVDY −0.2 ptsNVDY −0.2 pts−136.8 pts+94.6 pts

73% of the 61 sit at or below NVDY 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%DIPS −45.5%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%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%NVDY −23.6%NVDY −23.6%−87.3%+93.7%

73% of the 61 sit at or below NVDY 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−0.2 pts7350%
what happened to the principal−23.6%7350%

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

2nd of 4 income ETFs writing on NVDA, by return against it 18th of 354 income ETFs by net assets

What a holder got

NVDY against NVDANVDY returned +23.3% with distributions reinvested against +23.5% for NVIDIA (NVDA), a gap of −0.2 pts. Of that, 41.9% arrived as cash rather than price.+23.3%NVDY total return+23.5%NVIDIA (NVDA)41.9% of it arrived as cash

Over the year to Sep 11, 2026, NVDY returned +23.3% with distributions reinvested and NVIDIA (NVDA) returned +23.5%, so a holder came out level with it. The lighter segment is the 41.9% that arrived as cash rather than as price.

Method

Period by period

NVDY over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnNVDAAhead or behind
3 months10.3%−4.1%+6.6%+6.5%+0.1 pts
6 months22.7%−8.5%+15.5%+21.4%−5.9 pts
1 year41.9%−23.6%+23.3%+23.5%−0.2 pts
3 years167.4%−44.8%+247.4%+387.9%−140.6 pts
Since launch205.8%−37.9%+354.3%+666.3%−311.9 pts

Method

When NVDY pays

NVDY pays weekly. The last distribution was $0.1011 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 17, 2026, payable Sep 18, 2026, but has not declared the amount.

Expected distributions for NVDY. 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 17, 2026Sep 18, 2026$0.1011Date set by the issuer, amount not yet declared
Sep 24, 2026Sep 25, 2026$0.1011Date set by the issuer, amount not yet declared
Oct 1, 2026Oct 2, 2026$0.1011Date set by the issuer, amount not yet declared
Oct 8, 2026Oct 9, 2026$0.1011Date set by the issuer, amount not yet declared
Oct 15, 2026Oct 16, 2026$0.1011Date set by the issuer, amount not yet declared
Oct 22, 2026Oct 23, 2026$0.1011Date set by the issuer, amount not yet declared
Every distribution ETFIQ holds for NVDY (13, most recent first)
Cash distributions per share for NVDY. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 10, 2026$0.1011
Sep 3, 2026$0.0964
Aug 27, 2026$0.0928
Aug 20, 2026$0.12
Aug 13, 2026$0.0988
Aug 6, 2026$0.0966
Jul 30, 2026$0.1187
Jul 23, 2026$0.0937
Jul 16, 2026$0.0963
Jul 9, 2026$0.0971
Jul 2, 2026$0.0984
Jun 25, 2026$0.1005
Jun 18, 2026$0.122

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on May 11, 2023, NVDY has returned +354.3% with distributions reinvested, against +666.3% for NVIDIA (NVDA), and has paid out 205.8% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 42.5%. YieldMax estimates that 69% 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.

NVDY (YieldMax(R) NVDA Option Income Strategy ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategysynthetic covered call
BenchmarkNVIDIA (NVDA)
Paysweekly
Net assets (issuer page, as of Sep 11, 2026)$1.4bn
Latest payout, annualized (ETFIQ)42.5%
Expense ratio (485BPOS XBRL, Feb 24, 2026)1.09%
Cash paid, last 12 months, over today’s price (ETFIQ)54.8%
LaunchedMay 11, 2023
Return of capital, latest distribution (YieldMax 19a-1 estimate)69.1%
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.1011 ex Sep 10, 2026
Sum of the last 12 distributions$1.2104

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 NVDY paid over the last year?
Over the year to Sep 11, 2026, NVDY paid 41.9% of its starting price in cash distributions, while the price fell 23.6%.
Is NVDY ahead of NVDA?
Over the year to Sep 11, 2026, with every distribution reinvested, NVDY returned +23.3% against +23.5% for NVIDIA (NVDA), so a holder was about even with it by 0.2 points.
How often does NVDY pay, and how much?
NVDY pays weekly. The latest distribution annualizes to 42.5% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
Is the NVDY distribution return of capital?
YieldMax estimates 69% 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 NVDY next pay a distribution?
NVDY pays weekly. The last distribution went ex on Sep 10, 2026 at $0.1011 a share. The issuer has set the next ex-date at Sep 17, 2026 but not the amount.
What does NVDY cost?
The prospectus expense ratio is 1.09% 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.

Compare NVDY

Also against QYLD, XYLD, RYLD, DIVO, GPIX, GPIQ, TSLY, MSTY, CONY, ULTY, YMAX, FEPI, XDTE, QDTE, AIPI, BALI, ISPY, AMZY, APLY, GOOY, MSFO, OARK, SDTY, IVV, QQQ, SCHD, SPY, VOO, VTI, VYM.

Funds near this one

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NVDY payout bar, ETFIQ

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Where NVDY is written about

NVDY, 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 NVDY live on ETFIQ, where the figures refresh with the data.

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

How these figures are computed · Standards and sources