NVDY
YieldMax NVDA Option Income Strategy ETF
NVDY seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 1.3 B
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | May 10, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 07/09/2026 | 30.5 % |
| UNITED STATES TREASURY BILL 05/12/2026 | 23.0 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 15.4 % |
| UNITED STATES TREASURY BILL 06/11/2026 | 14.8 % |
| CASH & OTHER | 12.5 % |
| UNITED STATES TREASURY BILL 08/06/2026 | 11.1 % |
| UNITED STATES TREASURY BILL 04/09/2026 | 7.9 % |
| NVDA US 05/15/26 C200 | 0.5 % |
| NVDA US 05/15/26 C195 | 0.5 % |
| NVDA US 04/02/26 C182.5 | 0.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -9.0% | -26.7% | -32.7% | -- | -- | -- | -- | -13.5% |
| Dividend Yield | 6.2% | 61.0% | 68.8% | -- | -- | -- | -- | 47.8% |
| Total Returns | -2.7% | 34.3% | 36.1% | -- | -- | -- | -- | 34.3% | Ann. Volatility | 32.0% | 34.4% | 40.5% | -- | -- | -- | -- | 45.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.37 | 56% |
| MSCI EAFE | 1.12 | 27% |
| MSCI Emg Mkts | 1.14 | 34% |
Liquidity Measures
| Avg. volume (000) | 6,108 |
| ADV traded (mns) | $80 |
| Turnover | 6.0% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $13.18 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.12/-0.05 |
| Bollinger Bands (Upper/Lower) | $13.68/$12.69 |
| Short interest (% of AUM) | 6.6% |
Distributions