NVDY
YieldMax NVDA Option Income Strategy ETF
weekly DividendsNVDY Quick Stats
NVDY Distribution History Trend
NVDY has paid 63 weekly distributions on record since inception (2023-05-10). The average distribution over the trailing 12 periods is $0.10 per share. The highest distribution was $0.12 (week of 2026-06-18) and the lowest was $0.09 (week of 2026-08-27). Distribution variance of $0.03 reflects how sensitive the option premium on YieldMax NVDA Option Income Strategy's underlying exposure is to market volatility — richer weeks follow volatility spikes, thinner weeks follow calm markets.
NVDY vs NVYY
NVDY and NVYY both target NVDA exposure with weekly distributions. NVDY is the larger fund by AUM, but both track the same underlying and move with it.
Fund Overview
NVDY — YieldMax NVDA Option Income Strategy ETF — is a weekly-distribution ETF issued by YieldMax that generates income by selling call options against NVDA exposure. The fund targets investors seeking high-frequency cash flow from NVDA exposure without holding the underlying directly. Distributions are paid weekly, with the ex-dividend date typically falling on a Thursday. The current annualized yield of 43.21% is calculated from the most recent weekly distribution of $0.1039 per share divided by the current share price of $12.50 and multiplied by 52. As with all option-income funds, the distribution rate reflects current implied volatility in NVDA options — when volatility falls, distributions typically shrink. The fund has $1.37 billion in assets under management and has returned -14.56% on a price basis year-to-date, excluding distributions.
Compared to similar YieldMax funds, NVDY ranks 35 out of 56 by current yield and 16 out of 56 by year-to-date price performance.
Annual Yield Calculations
Both figures start from the same per-period rate: the average of the last 3 distributions ($0.10) divided by the current price ($12.50) = 0.831% per week. The non-DRIP yield annualizes it simply; the DRIP yield compounds it over 52 periods.
WeeklyYield™ Actual Performance
How YTD & performance are calculated: YTD returns shown across WeeklyYield are price-only, using split-adjusted close-to-close prices from the first trading day of the calendar year to the latest close — the same method your brokerage uses. Dividends are tracked separately in the yield figures above. "Actual Non-DRIP" and "Actual DRIP" add distributions back in to show total return since the earliest price we have on record (2025-09-02 at $16.40), using the same 48 distributions in both — non-DRIP collects them as cash, DRIP buys shares at each ex-date close. See full methodology →
Top Performer Score
Price History (1 Year)
About This ETF
The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is issued by YieldMax.
How NVDY Generates Income
NVDY generates weekly income by selling call options on NVDA or a synthetic equivalent. When the fund sells a call option, it collects a premium from the buyer — this premium is what funds the weekly distribution. The tradeoff is that the fund caps its upside: if NVDA rallies sharply above the strike price, the fund does not fully participate in that gain. In a flat or declining market the income generation continues while the fund absorbs price losses similar to holding the underlying. The size of the weekly distribution directly reflects implied volatility in NVDA options at the time the options were written — higher volatility means more expensive options and larger distributions, lower volatility means smaller ones. This makes the distribution variable week to week rather than fixed.
Distribution Composition and Tax Considerations
Not all of NVDY's weekly distributions represent taxable income. Option-income funds frequently classify part of each distribution as return of capital (ROC), which is not taxable in the year received but reduces your cost basis in the fund. When your cost basis reaches zero, subsequent ROC distributions become taxable as capital gains. The exact composition of each distribution — ordinary income, qualified dividends, short-term capital gains, long-term capital gains, and return of capital — is reported annually on Form 1099-DIV and may not be known until after the tax year ends. Holding NVDY in a tax-advantaged account (IRA, Roth IRA, 401k) eliminates the annual tax complexity entirely and is the approach most income-focused investors use for high-distribution funds.
Educational information only — not tax advice. See our after-tax dividend calculator to model your own situation.
Dividend History
| Ex-Dividend Date | Cash Amount | Pay Date |
|---|---|---|
| 2026-08-27 | $0.09280 | 2026-08-28 |
| 2026-08-20 | $0.12000 | 2026-08-21 |
| 2026-08-13 | $0.09880 | 2026-08-14 |
| 2026-08-06 | $0.09660 | 2026-08-07 |
| 2026-07-30 | $0.11870 | 2026-07-31 |
| 2026-07-23 | $0.09370 | 2026-07-24 |
| 2026-07-16 | $0.09630 | 2026-07-17 |
| 2026-07-09 | $0.09710 | 2026-07-10 |
| 2026-07-02 | $0.09840 | 2026-07-06 |
| 2026-06-25 | $0.10050 | 2026-06-26 |
| 2026-06-18 | $0.12200 | 2026-06-22 |
| 2026-06-11 | $0.11940 | 2026-06-12 |
NVDY has paid 12 weekly distributions over the past 12 weeks. The average weekly distribution over this period was $0.1045 per share. The highest distribution in the trailing 12 weeks was $0.1220 (ex-date 2026-06-18) and the lowest was $0.0928 (ex-date 2026-08-27). Distribution consistency — the variance between the highest and lowest payment — is one indicator of underlying volatility stability. High variance suggests the fund's income generation is sensitive to volatility swings in NVDA options.
NVDY News
- NVDY Investors Chose Monthly Income Over 854% Returns; Here's What That Trade Cost Them - 24/7 Wall St.24/7 Wall St. · 7/7/2026
- The 1.09% Fee Dilemma: Is NVDY Income Worth the Opportunity Cost? - 24/7 Wall St.24/7 Wall St. · 6/30/2026
- YieldMax® ETFs Announces Weekly Distributions for Group 2 ETFs - GlobeNewswireGlobeNewswire · 6/24/2026
- Precision Trading with Yieldmax Nvda Option Income Strategy Etf (NVDY) Risk Zones - Stock Traders DailyStock Traders Daily · 6/19/2026
- NVDY Offers 77% Yield on Nvidia Exposure, But You’re Getting Your Own Capital Back - Yahoo FinanceYahoo Finance · 3/16/2026
- Are YieldMax ETFs a Sustainable Source of High Income - Kavout | AIKavout | AI · 2/18/2026
- NVDY: Holding NAV While Paying High Yields (NYSEARCA:NVDY) - Seeking AlphaSeeking Alpha · 1/13/2026
- YieldMax NVDA Option Income Strategy ETF (NVDY) Stock Price Today: $12.60 - GotradeGotrade · 1/9/2026
Similar ETFs
Frequently Asked Questions About NVDY
NVDY pays weekly dividends. Its most recent ex-dividend date was 2026-08-27 with a pay date of 2026-08-28.
NVDY has paid an average of $0.1039 per share across its most recent 3 distributions. Its latest distribution was $0.0928 per share.
NVDY's current annualized yield is 43.21%. This is calculated as the average of its last 3 distributions ($0.1039) divided by the current share price of $12.50, annualized over 52 periods. Reinvesting those distributions (DRIP) compounds the same rate: (1 + rate)^52 − 1.
Covered call and option-income ETF distributions vary week to week. NVDY's actual total return figures on the fund's WeeklyYield page show total return net of NAV changes; high distribution rates can coincide with NAV decline, so investors should compare yield to actual total return before drawing conclusions. This is educational information, not investment advice.
Option-income ETF distributions are generally treated as ordinary income or return of capital, depending on the fund's structure and the underlying options strategy. For NVDY's exact tax character, refer to the fund issuer's 19a-1 notices and year-end 1099-DIV. This is not tax advice.
More detail on how these numbers are calculated is on our methodology page.