NVDG vs NVYY

NVDGBLeverage Shares 2X Long NVDA Daily ETF

NVYYDGraniteShares YieldBOOST NVDA ETF

In short

NVDG —No data

NVYY Every other NVDA fund on this shelf chases the stock's daily move. NVYY goes the other way: it sells put options on a 2x NVDA ETF and keeps the premium, converting that leverage's volatility into an income stream.

Stated mandate

NVDG —No data

NVYY The fund seeks current income through options strategies, primarily selling put options on leveraged ETFs that track a 2x Long NVDA Daily ETF.

Why people hold it

NVDG —No data

• NVYY A different job from the rest of the NVDA shelf: it sells puts on a leveraged NVDA ETF, whose implied volatility is expected to run a multiple of the index's own, and collects the premium.graniteshares.com
• GraniteShares writes the puts on a 2x NVDA daily ETF it also runs itself (NVDL), so both sides of the trade sit under one roof.graniteshares.com
• The sold puts are covered by cash and Treasury holdings, which filings say keeps losses from running materially past the leveraged ETF's own decline.sec.gov
• Payouts arrive on a set cadence, and the prospectus states up front that a distribution can be treated as return of capital.sec.gov

Worth knowing

NVDG —No data

• NVYY 1.15% net of a waiver through December 31, 2026, against a 10.07% gross ratio, and above the median of the eight NVDA funds graded here; in-house NVDL charges 1.05%.
• Gain stops at the premium collected. If the leveraged ETF falls, the fund is exposed to that decline, offset only by the premiums it took in.graniteshares.com
• A 2025 launch that is still a small, lightly traded fund, so spreads and order type matter more here than in the crowded 2x NVDA names.

Full NVDG profile⁠

Full NVYY profile⁠