DIPS ETF — YieldMax Short NVDA Option Income Strategy ETF

YieldMax Short NVDA Option Income Strategy ETF (DIPS)

Updated October 8, 2026.

DIPS is an ETF linked to NVIDIA (NVDA). its distribution rate is 32.89%, its trailing-12-month yield is 71.66%, its expense ratio is 1.05%. Dividend Vision Distribution Safety Score™ is 34/100 (Elevated risk). Total return is -56.2% over the past 2.2 years, 158.5 points behind NVDA at 102.3%.

At the current 32.89% distribution rate, a $10,000 investment would generate approximately $3,289 per year. Actual weekly payments vary.

YieldMax Short NVDA Option Income Strategy ETF is an actively managed ETF that generates income through options strategies on NVIDIA stock while providing indirect inverse exposure to NVIDIA's share price, meaning it benefits when the stock declines but participates only partially in gains. The fund distributes a high current income rate weekly and carries an expense ratio of 1.05%. It appeals to income-focused investors seeking current distributions, though its inverse structure and non-diversified, single-stock focus make it suitable only for those with specific tactical views on NVIDIA and high risk tolerance.

DIPS performance versus NVDA

Price and return data through 2026-10-08.

Total return is -56.2% over the past 2.2 years, 158.5 points behind NVDA at 102.3%. Over the past year its total return — price change plus distributions reinvested — is -15.0%. Its deepest 1-year drawdown was 28.0%.

DIPS key facts

Distribution Safety Score™

34 · Elevated risk

Safety-Adjusted Yield

11.18%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

07/23/2024

Expense ratio

1.05%

Distribution rate

32.89%

Distribution frequency

Weekly

Trailing yield

71.66%

Last close

$31.03 (as of 2026-10-08)

AUM

$10,930,732

Average volume

2176.0

Last dividend

$0.1963

Latest 19(a) ROC estimate

0.00%

Last ex-dividend date

10/08/2026

Last payment date

10/09/2026

Beta

-1.3418

How Dividend Vision calculates yield and returns

Distribution rate (32.89%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (71.66%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: YieldMax or company page; Index: NVIDIA (NVDA); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DIPS risks and drawbacks

Total return has trailed NVDA over the available window. The deepest 1-year drawdown on record here is 28.0%.

Who may consider DIPS — and who may not

It is a weaker fit for investors whose main goal is matching NVDA total return. This is educational context, not a recommendation to buy or sell.

Compare DIPS

DIPS vs similar funds:

• DIPS vs NVDA

Frequently asked questions

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