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ANV vs NVIT

GraniteShares Autocallable NVDA ETF

ANVBNasdaq

YieldMax NVDA Performance & Distribution Target 25 ETF

NVITBCboe

Overlap

0.0%by weight

Expense ratio

NVIT −0.10pt a year

ANV1.18%NVIT1.08%

Avg volume · 30D

NVIT 1.3×the volume

ANV6.03KNVIT8.1K

ANV vs NVIT Performance

Jul 31, 2026 – Oct 30, 2026

+3.5%ANV+3.1%NVIT

Jul 31, 2026 to Oct 30, 2026. ANV +3.5%. NVIT +3.1%. Use the arrow keys to read each point.0%7.5%10%12.5%15%Jul 2026Sep 2026Oct 2026
Expense ratio
ANV 1.18%
NVIT 1.08%, better
Fund size
ANV $9M
NVIT $16M
Holdings
ANV 6
NVIT 10
Avg volume (30D)
ANV 6.03K sh
NVIT 8.1K sh, better
NAV per share
ANV $25.25
NVIT $46.53
52W range

ETF.net Grade

ANV: Cost 18, Risk 90, Mission 100, Tradability 37, Holdings not scored, Durability 56. NVIT: Cost 40, Risk 69, Mission 100, Tradability 70, Holdings not scored, Durability 65.
Pillar letters and Scores for ANV, NVIT, with each pillar’s weight
PillarANVNVIT
Cost30% weightF18C40Higher
Mission25% weightA100A100
Risk15% weightA90HigherB69
Tradability15% weightD37A70Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB56B65Higher

Rank among Nvidia (NVDA) Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ANV and NVIT are both graded against the same 7 Nvidia (NVDA) Option Income funds, so their Grades compare head to head.

Nvidia (NVDA) Option Income⁠

Category · 7 funds
See all 7 ›

NVIT ranks 1st and ANV 2nd of 7 funds in the Nvidia (NVDA) Option Income Category.

  1. Rank 1BNVITYieldMax NVDA Performance & Distribution Target 25 ETFScore 68
  2. Rank 2BANVGraniteShares Autocallable NVDA ETFScore 58
  3. Rank 3CDIPSYieldMax Short NVDA Option Income Strategy ETFScore 54

Our read on each fund

ETF.net Research

ANVBGraniteShares Autocallable NVDA ETF

NVITBYieldMax NVDA Performance & Distribution Target 25 ETF

In short

ANV Most NVDA income funds sell call options. ANV instead holds autocallable instruments linked to Nvidia: contingent coupons, and a position that can end early if the stock trips a call level. Same stock, very different plumbing.

NVIT YieldMax's NVDA income engine with a number bolted on: NVIT targets a 25% annualized distribution rate, using synthetic long exposure to NVIDIA plus options to pursue income and upside together.

Stated mandate

ANV The fund seeks to generate potential monthly income through a portfolio of autocallable instruments linked to Nvidia's equity performance.

NVIT NVIT seeks current income and capital appreciation through synthetic long exposure to NVIDIA Corporation, using options strategies intended to generate premiums and recurring distributions.

Why people hold it

  • ANV Income comes from autocallable instruments tied to Nvidia, not calls written on it, so coupons are contingent and the position can terminate early if Nvidia trips a call level.
  • It is the lone autocallable build in a peer group otherwise stacked with NVDA option-income funds, so it is not the same covered-call trade in a fresh wrapper.
  • At 1.07% a year it sits mid-pack among NVDA income funds (NVII 0.99%, NVDY 1.09%), so the structured plumbing costs no premium over option-writing rivals.
  • Autocallable payoffs usually arrive as bank-issued notes. Here the exposure sits inside a 1940 Act registered fund that trades on an exchange like any other ETF.
  • NVIT The payout target is written into the mandate: 25% annualized, with the options book managed around that number rather than distributing whatever premiums happen to land.
  • Built for two jobs, not one: synthetic long NVDA exposure means the fund seeks capital appreciation alongside option premium income.
  • At 1.08%, the fee sits right at the middle of the NVDA option-income pack (1.07% cohort median), so the newer design costs no more than the older ones.

Worth knowing

  • ANV Autocallables trade upside for coupons: a big Nvidia rally can call you out early rather than carry you along, and any new terms reset to whatever the market offers then.
  • Exposure is synthetic rather than NVDA shares, which adds counterparty and pricing risk, and it all rides on one stock, so Nvidia drawdowns pass straight through.
  • Launched in 2026, it has no long record to judge, and a young fund is still building trading depth, which can show up as wider bid-ask spreads.
  • NVIT Options, not shares: NVDA exposure is synthetic, so there are no shareholder rights and results depend on how the options book behaves, not the stock alone.
  • A target is a target, not a promise. YieldMax discloses that distributions can include return of capital, meaning part of a payout can be your own money coming back.
  • Launched in 2025 and lightly traded so far: a short record, and thinner volume can mean wider bid-ask spreads than the established NVDA income funds like NVDY.

Full ANV profile⁠

Full NVIT profile⁠

ANV vs NVIT Holdings

How ANV and NVIT differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ANV and 0.0% of NVIT.

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for ANV and NVIT.

Country, concentration and asset class

Country by domicile

No country split for ANV.

Concentration

Weight in the 10 largest Holdings

  • ANV100.0%
  • NVIT106.8%

Securities held

  • ANV5
  • NVIT9

Asset class

ANV
Alternatives
NVIT
Alternatives

Holdings

  • Only in ANV5
  • In both0
  • Only in NVIT9

Only in ANV

5 securities, 1.2% of ANV by weight

  • Nomura10 ANV0.40%
  • Nomura4 ANV0.26%
  • Nomura3 ANV0.22%

Only in NVIT

9 securities, 96.4% of NVIT by weight

  • United States Treasury Note/Bond 3.375% 09/15/202734.72%
  • United States Treasury Bill 02/18/202724.55%
  • United States Treasury Bill 07/08/202715.83%

Weight gaps

ANV and NVIT share no securities.

All 6 ANV holdings⁠All NVIT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ANV vs NVIT Cost

Overpaying ANV vs NVIT

$1,569

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ANV 1.18%

    $21,543

  • NVIT 1.08%

    $19,974

$10,000
30 years

Cost over time

  • ANV 1.18%
  • NVIT 1.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530ANV $21,543NVIT $19,974

Year by year

YearANVNVITOverpaying
10$2,065$1,898$167
20$7,697$7,106$591
30$21,543$19,974$1,569

Expense ratio

  • 1.18%ANV
  • 1.08%NVIT, cheaper
  • Middle half of Nvidia (NVDA) Option Income funds
  • Median 1.08%

NVIT 4th cheapest of 7 funds

ANV 6th cheapest of 7 funds

ANV vs NVIT Dividends

Last 12 months to Oct 30, 2026
Last payment
ANV $0.29
NVIT $0.23
Ex-dividend
ANV Oct 7, 2026
NVIT Oct 27, 2026
Paid on
ANV Oct 9, 2026
NVIT Oct 28, 2026
Frequency
ANV Monthly
NVIT Weekly

Distribution history

Per share, 2026, same scale for both

ANVMonthly · 8 paymentsAll ANV payments⁠
One bar per payment. 8 payments in 2026 YTD. Mar 4, 2026 $0.35; Apr 1, 2026 $0.35; May 6, 2026 $0.35; Jun 3, 2026 $0.34; Jul 1, 2026 $0.35; Aug 12, 2026 $0.33; Sep 9, 2026 $0.30; Oct 7, 2026 $0.29. Use the arrow keys to read each point.$0$0.252026YTD
NVITWeekly · 43 paymentsAll NVIT payments⁠
One bar per payment. 43 payments in 2026 YTD. Jan 6, 2026 $0.24; Jan 13, 2026 $0.24; Jan 21, 2026 $0.24; Jan 27, 2026 $0.24; Feb 3, 2026 $0.24; Feb 10, 2026 $0.23; Feb 18, 2026 $0.23; Feb 24, 2026 $0.24; Mar 3, 2026 $0.23; Mar 10, 2026 $0.23; Mar 17, 2026 $0.23; Mar 24, 2026 $0.22; Mar 31, 2026 $0.22; Apr 7, 2026 $0.23; Apr 14, 2026 $0.24; Apr 21, 2026 $0.24; Apr 28, 2026 $0.24; May 5, 2026 $0.24; May 12, 2026 $0.25; May 19, 2026 $0.26; May 27, 2026 $0.25; Jun 2, 2026 $0.25; Jun 9, 2026 $0.25; Jun 16, 2026 $0.24; Jun 23, 2026 $0.24; Jun 30, 2026 $0.22; Jul 7, 2026 $0.23; Jul 14, 2026 $0.24; Jul 21, 2026 $0.23; Jul 28, 2026 $0.24; Aug 4, 2026 $0.23; Aug 11, 2026 $0.25; Aug 18, 2026 $0.25; Aug 25, 2026 $0.24; Sep 1, 2026 $0.24; Sep 9, 2026 $0.25; Sep 15, 2026 $0.24; Sep 22, 2026 $0.24; Sep 29, 2026 $0.24; Oct 6, 2026 $0.25; Oct 13, 2026 $0.25; Oct 20, 2026 $0.23; Oct 27, 2026 $0.23. Use the arrow keys to read each point.$0$0.252026YTD

ANV vs NVIT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
ANV 0.10NVIT 0.77

ANV and NVIT in the news

All news⁠

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