Alternatives
Best NVII Alternatives in 2026
Nvidia growth and option-income ETFs to consider alongside REX NVII.
Data updated August 2026 · 6 ETFs
Who this page is for
Best for
- NVII holders comparing similar funds, fees, payouts, and strategy design
- Nvidia investors willing to exchange some upside for frequent option income
- Investors who will compare total return and NAV trend alongside distribution rate
Not a fit for
- Investors seeking diversified semiconductor exposure or uncapped Nvidia ownership
- Anyone treating a current distribution rate as guaranteed future income
- Investors choosing from headline yield alone without reviewing the underlying exposure
Analysis
NVII is one of several funds converting Nvidia's volatility into cash distributions. NVDY, NVYY, and NVDW use different option schedules and payout designs around the same highly concentrated underlying risk. NVDL and NVDS are leveraged directional trading products, not like-for-like income funds, while YMAX, ULTY, and YMAG reduce single-name concentration through baskets. Because Nvidia can move faster than an overlay resets, the amount and timing of capped upside matter as much as the distribution. Total return and NAV trend show whether premium income compensated for that trade.
See this list inside your portfolio
A ranked list is a starting point. Dividend Vision turns it into a plan — forecasting the income your holdings actually generate and putting each fund's yield next to its total return and risk.
- Income forecasting — know what your holdings pay monthly, quarterly, and yearly
- Yield vs. total return — weigh each distribution against price performance, not the headline rate
- Screen & compare — line up any income ETFs side by side on yield, cost, and strategy
- Portfolio risk — see income concentration, issuer overlap, and volatility across your holdings
- AI ETF comparison — ask plain-language questions to compare yield, risk, and income potential
7 days of Pro included · no credit card · free plan afterward
How these alternatives are selected
- Universe: a hand-curated peer set, split into close peers (3 here — same core exposure and same income mechanism, so a like-for-like swap) and broader substitutes (a different index, underlying asset, or income mechanism). Every fund is labelled in the Strategy fit column; NVII itself is excluded.
- Eligibility: active ETFs only — liquidated, delisted, and renamed funds drop out automatically. Leveraged and inverse products are never listed: a daily-reset 2x or -1x fund is not an alternative to a long income position.
- Ranking: assets under management, a size-and-liquidity proxy. Never ranked by yield — yields are shown as data, not used to order the list.
- Fit: how each fund's strategy differs from NVII — and who each one suits — is covered in the strategy notes and FAQ below.
Top picks
Top 3 NVII alternatives by assets under management.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 47.37% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $4,737 | $395 | $91 |
| $25,000 | $11,843 | $987 | $228 |
| $50,000 | $23,686 | $1,974 | $455 |
| $100,000 | $47,372 | $3,948 | $911 |
Issuer breakdown
Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.
All 6 ETFs
| Ticker | Name | Strategy fit | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|---|
| NVDY | YieldMax NVDA Option Income Strategy ETF | Close peer | YieldMax | 39.33% | 1.01% | $1.4B | Weekly |
| ULTY | YieldMax Ultra Option Income Strategy ETF | Broader substitute | YieldMax | 60.33% | 1.14% | $759M | Weekly |
| YMAX | YieldMax Universe Fund of Option Income ETFs | Broader substitute | YieldMax | 41.30% | 1.28% | $392M | Weekly |
| YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | Broader substitute | YieldMax | 51.09% | 1.28% | $291M | Weekly |
| NVYY | GraniteShares YieldBOOST NVDA ETF | Close peer | GraniteShares | 38.78% | 1.15% | $34M | Weekly |
| NVDW | Roundhill NVDA WeeklyPay ETF | Close peer | Roundhill Investments | 53.40% | 0.99% | $2M | Weekly |
Frequently asked questions
What are the best nvii alternatives?
This page lists the top 6 ETFs in this category ranked by key metrics. The list includes funds from issuers like YieldMax, GraniteShares and more.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated August 2026.
What is the average yield of these ETFs?
The average distribution yield across the 6 ETFs on this list is 47.37%. Individual yields range from 38.78% to 60.33%.
What is the closest alternative to NVII?
NVDY, NVYY, and NVDW are the closest Nvidia-focused income comparisons. Their option terms, leverage, distribution schedules, and upside participation can differ materially.
What should I compare when choosing a NVII alternative?
Compare effective Nvidia exposure, leverage, option tenor and coverage, upside capture, payout composition, fees, NAV trend, and total return versus NVDA itself.
Does a higher-yielding NVII alternative produce a better return?
Not necessarily. Distribution rate measures cash paid, not wealth created. Compare total return, NAV trend, fees, distribution composition, and the amount of upside surrendered by any options overlay.
Explore more
Learn the method
The metrics and risks behind this list, explained in the Academy.
From the blog
Put this list to work in your portfolio
Import or build a portfolio to see income forecasts, upcoming distributions, income concentration, and risk across everything you own — and where a fund's yield and total return diverge.
7 days of Pro included · no credit card · free plan afterward