DIPS ETF — YieldMax Short NVDA Option Income Strategy ETF

YieldMax Short NVDA Option Income Strategy ETF (DIPS)

DIPS is an ETF that tracks the NVIDIA (NVDA). As of August 19, 2026, its distribution rate is 35.01%, its trailing-12-month yield is 68.51%, its expense ratio is 1.05%. Dividend Vision Distribution Safety Score™ is 37/100 (Elevated risk). Fund total return is -53.8% over the past 2.1 years, 146.4 points behind NVDA at 92.6%.

At the current 35.01% distribution rate, a $10,000 investment would generate approximately $3,501 per year, or $291.75 per month on an equivalent basis. 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

Data as of August 19, 2026.

Fund total return is -53.8% over the past 2.1 years, 146.4 points behind NVDA at 92.6%. Its deepest 1-year drawdown was 26.2%.

DIPS key facts

Data as of August 19, 2026.

Distribution Safety Score™

37 · Elevated risk

Safety-Adjusted Yield

12.95%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

07/23/2024

Expense ratio

1.05%

Distribution rate

35.01%

Distribution frequency

Weekly

Trailing yield

68.51%

Last close

$34.34

AUM

$6,922,882

Average volume

4755.0

Last dividend

$0.2312

Ex-dividend date

08/20/2026

Payment date

08/21/2026

Beta

-1.3418

How Dividend Vision calculates yield and returns

Distribution rate (35.01%) 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 (68.51%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: YieldMax fund 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 26.2%.

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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