NVII vs NVIT

NVIIDREX NVDA Growth & Income ETF

NVITBYieldMax NVDA Performance & Distribution Target 25 ETF

In short

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.

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

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

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

• 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

• 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

• 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

• 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 NVII profile⁠

Full NVIT profile⁠