NVDW vs NVYY

NVDWBRoundhill NVDA WeeklyPay ETF

NVYYDGraniteShares YieldBOOST NVDA ETF

In short

NVDW The other leveraged NVDA funds reset daily at 2x. NVDW takes a milder 1.2x, resets at the end of each calendar week, and makes paying weekly distributions its primary stated objective.

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

NVDW The Fund seeks to provide weekly distributions and calendar-week returns equal to 1.2 times the calendar-week total return of Nvidia common shares, before fees and expenses.

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

• NVDW Where the 2x NVDA crowd resets daily, NVDW resets exposure to roughly 1.2x at the last close of each calendar week, so the compounding math works week to week.sec.gov
• Mild leverage by category standards: a calendar-week move about 20% bigger than NVDA's, up or down, before fees. It has stayed close to that stated target.roundhillinvestments.com
• Paying weekly distributions is the fund's primary objective in the prospectus; the 1.2x NVDA exposure is the secondary one. Income cadence first, amplification second.sec.gov
• At 1.00%, the fee sits near the median of the eight leveraged NVDA funds we grade, between NVDB's 0.95% (net of a waiver through September 30, 2027) and NVDL's 1.05%.

• 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

• NVDW Roundhill notes distributions can exceed the fund's income and gains; the excess is treated as return of capital, which lowers your cost basis rather than adding to it.roundhillinvestments.com
• The 1.2x target applies to a calendar week only. Hold across multiple weeks and your result can drift from 1.2x NVDA's move over that stretch.sec.gov
• Leverage on one stock cuts both ways: the prospectus states the full principal value can be lost within a single week, and the fund launched in 2025, so its record is short.sec.gov

• 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 NVDW profile⁠

Full NVYY profile⁠