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ETFs

YieldMax NVDA Option Income Strategy ETF

NVDY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 10, 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$7,934,557
AUM
$138,352,525
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
50.43%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
50.35%
n/a
Cash & Other
6.73%
n/a
NVIDIA C CLL OPT 11/23 450
3.64%
n/a
NVDA US 09/29/23 C455
-0.07%
n/a
NVDA US 09/29/23 C435
-0.36%
n/a
NVDA 11/17/2023 450.01 P
-10.76%
Invest with NVDY

What is NVDY?

The YieldMax NVDY Option Income Strategy ETF (NVDY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on NVDA. NVDY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of NVDA. The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the share price of the common stock of NVIDIA Corporation, subject to a limit on potential investment gains.

ETFs related toNVDY

ETFs correlated to NVDY include NVDL, USD, SMH

NVDY
Tidal Trust II - YieldMax NVDA Option Income Strategy ETF
NVDL
GraniteShares ETF Trust - GraniteShares 1.5x Long NVDA Daily ETF
USD
ProShares Trust - ProShares Ultra Semiconductors 2X Shares
SMH
VanEck ETF Trust - VanEck Semiconductor ETF
CHAT
Tidal Trust II - Roundhill Generative AI & Technology ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
NUGO
NuShares ETF Trust - Nuveen Growth Opportunities ETF
FNGO
Bank of Montreal - MicroSectors FANG+Index 2X Leveraged ETNs
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
IXN
BlackRock Institutional Trust Company N.A. - iShares Global Tech ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

News Related to NVDY

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Feb 13, 2025 • by Chandrima Sanyal
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New YieldMax ETF Targets Crypto, Tech Sectors With Income Strategy

Jan 15, 2025 • by Chandrima Sanyal
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FAQ

NVDY is a US Equities ETF. The YieldMax NVDY Option Income Strategy ETF (NVDY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on NVDA. NVDY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of NVDA. The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the share price of the common stock of NVIDIA Corporation, subject to a limit on potential investment gains.

Yes, NVDY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, NVDY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NVDY is -0.0818%. This is the percent change in the value of NVDY over the most recent 1-month period. The 3-month return on NVDY is 0.049%. This is the percent change in the value of NVDY over the most recent 3-month period.

ETFs similar to NVDY include XLI, XLY, and XLV.

ETFs correlated to NVDY include NVDL, USD, and SMH.

ETFs that are inversely correlated to NVDY include NVDS, TECS, and QID.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.