YieldMax Short NVDA Option Income Strategy ETF
DThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$31.32−0.15 (−0.48%)
- 1.05%
- $11M
- −14.8%
- 65.43%
- 0M sh
- $31.19
- low $29.71high $59.40
The ETF.net DIPS Grade
D
Score 38 out of 100
- 6 of 8
Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C51 out of 100Rank 4 of 8Mission
Whether the fund did what it promised, tested against its stated mandate.F20 out of 100Rank 4 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F21 out of 100Rank 6 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 4 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 2 of 8
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
- 11
- 118%
- United States Treasury Note/Bond 2.375% 05/15/2027
Geography
- United States100.00%
DIPS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
DIPS$8,522
Returns run to the Oct 12, 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 | −15.2% |
| 1 month | −2.1% |
| 3 months | −7.4% |
| 1 year | −14.8% |
| 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 | −15.2% | |
| 2025 | −31.6% | |
| 2024 | −23.2% |
DIPS in the news
DIPS Dividends
- 65.43%
- $20.59
- $0.20 per share
- Weekly
Distribution history
DIPS Risk
- 25.6%
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.
- −1.49
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.
- −60.9%
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.
- −1.12
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
1.05%
DIPS1.05%
- The middle half of Nvidia (NVDA) Option Income funds
- Median 1.07%
2 of the 7 Nvidia (NVDA) Option Income funds charge less.
Other funds in Nvidia (NVDA) Option Income
- BNVITYieldMax NVDA Performance & Distribution Target 25 ETFExpense ratio 1.08%1 year return —
- CNVDYYieldMax NVDA Option Income Strategy ETFExpense ratio 1.09%1 year return +24.8%
- CANVGraniteShares Autocallable NVDA ETFExpense ratio 1.07%1 year return —
- CNVIIREX NVDA Growth & Income ETFExpense ratio 1.49%1 year return +27.5%
- CNYYYxETFs NVDA Daily Income ETFExpense ratio 0.99%1 year return —