DIPS vs NVDY

DIPSCYieldMax Short NVDA Option Income Strategy ETF

NVDYBYieldMax NVDA Option Income Strategy ETF

In short

DIPS Every 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.

NVDY The fund that turned NVIDIA's volatility into a paycheck. NVDY holds options instead of NVDA shares, sells calls against that exposure, and pays the premium out on a set schedule. Upside is capped by design.

Stated mandate

DIPS The fund aims to generate current income and provide inverse exposure to the share price of Nvidia Corporation, though potential investment gains are limited.

NVDY The fund seeks current income by selling call spreads on NVIDIA while providing exposure to NVDA share-price gains subject to a limit on potential gains.

Why people hold it

• DIPS 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.

• NVDY An original of the single-stock income wave: launched in 2023, it has grown into a multi-billion-dollar fund that trades actively.
• The machinery is legible: synthetic NVIDIA exposure built from options, call spreads sold against it, premium distributed on a weekly cadence.yieldmaxetfs.comyieldmaxetfs.com 2
• Stands in the upper half of the six NVIDIA-linked income funds we grade, with a 1.09% expense ratio sitting close to that group's middle.

Worth knowing

• DIPS 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.

• NVDY Capped by construction. The sold call spread limits how much of a big NVIDIA move the fund keeps, and payouts rise and fall with option premiums.yieldmaxetfs.com
• One stock, one strategy. Everything here tracks NVIDIA, and the exposure is synthetic, so the fund holds options rather than NVDA shares.
• Not the cheapest route to NVIDIA income: 1.09% versus 0.99% at REX's NVII, which runs a different growth-and-income design.

Full DIPS profile⁠

Full NVDY profile⁠