YieldMax Short NVDA Option Income Strategy ETF
$32.09+0.60 (+1.92%)
- Expense ratio
- 1.05%
- Fund size
- $11M
- 1Y return
- −17.7%
- Yield · Last 12 months
- 68.61%
- Holdings
- 13
- Volume · 30D
- 0M sh
- NAV per share
- $31.75
- 52W range
The ETF.net DIPS Grade
Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 51Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 20Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 22Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
Our read on DIPS
DEvery other NVDA income fund is leaning on the chip giant going up. DIPS faces the other way: inverse exposure to Nvidia's share price plus option premium paid monthly, with gains capped by the same options that fund the income.
The fund aims to generate current income and provide inverse exposure to the share price of Nvidia Corporation, though potential investment gains are limited.
Why people hold it
- The contrarian seat in the room: among NVDA option-income funds, this is the one built around inverse exposure to the stock instead of long exposure.
- The 1.05% fee lands just under the median for its NVDA option-income peers, which is rare for the odd-one-out product in a category.
- Distributions are set up to arrive monthly, and it is a 1940 Act ETF rather than a note carrying a bank's credit risk.
Worth knowing
- Upside is limited by design. The options that generate the income also cap how much the inverse position can collect if Nvidia falls hard.
- Synthetic single-stock exposure: you hold a derivatives position tied to one chipmaker, not the shares themselves.
- Small and lightly traded next to long-side siblings like NVDY, so spreads can run wider, and our review places it near the back of its NVDA-income cohort.
DIPS Holdings
- Other
- 13
- 117%
- United States Treasury Note/Bond 2.375% 05/15/2027
Geography
DIPS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DIPS |
|---|---|
| Year to date | −16.8% |
| 1 month | −5.6% |
| 3 months | −11.3% |
| 1 year | −17.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DIPS |
|---|---|---|
| 2026 YTD | −16.8% | |
| 2025 | −31.6% | |
| 2024 | −23.2% |
DIPS in the news
ETF.net Research hasn’t filed on DIPS yet — coverage lands here as it’s written.
DIPS Dividends
- 68.61%
- $21.60
- $0.25 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.25 |
| Sep 10, 2026 | Sep 11, 2026 | $0.22 |
| Sep 3, 2026 | Sep 4, 2026 | $0.23 |
| Aug 27, 2026 | Aug 28, 2026 | $0.24 |
| Aug 20, 2026 | Aug 21, 2026 | $0.23 |
| Aug 13, 2026 | Aug 14, 2026 | $0.24 |
| Aug 6, 2026 | Aug 7, 2026 | $0.29 |
| Jul 30, 2026 | Jul 31, 2026 | $0.31 |
| Jul 23, 2026 | Jul 24, 2026 | $0.28 |
| Jul 16, 2026 | Jul 17, 2026 | $0.28 |
| Jul 9, 2026 | Jul 10, 2026 | $0.33 |
| Jul 2, 2026 | Jul 6, 2026 | $0.38 |
DIPS Risk
- 26.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.45
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −60.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −1.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DIPS Cost
- The middle half of Nvidia (NVDA) Option Income funds
- Median 1.07%
2 of the 7 Nvidia (NVDA) Option Income funds charge less.