NVDY vs NVII

NVDYBYieldMax NVDA Option Income Strategy ETF

NVIIDREX NVDA Growth & Income ETF

In short

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.

NVII Most NVDA income funds sell the upside away. NVII starts with a target of 105% to 150% daily exposure to NVDA, then writes covered calls on top, so leverage does some of the work premiums usually have to do. Payouts are weekly.

Stated mandate

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.

NVII The Fund seeks leveraged exposure to NVDA while pursuing weekly distributions through an options-based income strategy.

Why people hold it

• 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.

• NVII Hybrid build: daily notional exposure targeted between 105% and 150% of NVDA, with calls sold against that leveraged long. The leverage offsets part of what the calls give up.rexshares.comrexshares.com 2
• Weekly distributions are the stated primary objective; the leveraged exposure is secondary. Premium from the sold calls is the income source.rexshares.comrexshares.com 2
• Simple plumbing: NVDA options and swaps backed by short-term Treasuries, daily rebalanced back to target leverage, inside a standard 1940 Act fund.rexshares.com

Worth knowing

• 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.

• NVII 1.49% with no fee waiver makes it the priciest in this NVDA income group: NVDY 1.09%, NVIT 1.08%, ANV 1.07%, NYYY 0.99%.
• Daily rebalancing compounds: over any stretch longer than a day, returns will very likely differ from 105% to 150% of NVDA's move.rexshares.comrexshares.com 2
• Full downside exposure stays with the position, calls limit gains above the strike, and distributions may include return of capital, which reduces principal.sec.govrexshares.com

Full NVDY profile⁠

Full NVII profile⁠