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ETF Comparison

AMZY vs NVDY: Which Is the Better Pick in 2026?

A head-to-head comparison of YieldMax AMZN Option Income Strategy ETF and YieldMax NVDA Option Income Strategy ETF covering yield, cost, risk, and income potential.

Data updated July 9, 2026

YieldMax
ETFs60
Total AUM$9.78B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.

See our curated list of related YouTube videos on AMZY and NVDY.

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Side-by-side snapshot

AMZYNVDY
Full nameYieldMax AMZN Option Income Strategy ETFYieldMax NVDA Option Income Strategy ETF
IssuerYieldMaxYieldMax
Last Close$10.78 as of July 9, 2026$12.42 as of July 9, 2026
Distribution yield32.51%41.03%
Distribution Safety Score 6657
Expense ratio1.01%1.01%
AUM$246M$1.43B
Distribution frequencyWeeklyWeekly
Underlying indexAmazon (AMZN)NVIDIA (NVDA)
ObjectiveCovered CallCovered Call
Asset classEquityEquity
Inception date07/24/202305/09/2023
Beta1.13731.3
Last dividend$0.0674$0.0980
Ex-dividend date07/09/202607/09/2026

Bottom lineChoose AMZY if you are comfortable trading away most upside for a large, steady payout. Choose NVDY if you want to maximize current income — roughly 41.03%, generated by selling options premium. There's no free lunch: NVDY's payout comes from selling options, which caps upside and can erode the share price over time, while AMZY keeps full price exposure.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

AMZY has lagged NVDY over the trailing twelve months, posting a 2.32% total return against 22.52%. The lead holds up over 3 years too: NVDY has compounded at 48.87% a year, against 20.35% for AMZY. AMZY has been the steadier holding, though — annualized volatility of 25.2% against 38.3% for NVDY. Figures are total returns: price change plus every distribution reinvested.

SymbolYTD1Y3YSince Jul 2023Volatility Sharpe Sortino Max drawdown
AMZY-0.02%2.32%20.35%20.35%25.2%0.560.79-23.7%
NVDY3.75%22.52%48.87%49.04%38.3%0.931.28-34.1%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 9, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jul 2023” measures every fund from July 25, 2023 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

AMZY (YieldMax AMZN Option Income Strategy ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both weekly-pay dividend ETFs, but they take different approaches.

NVDY offers the higher yield at 41.03% vs 32.51% for AMZY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They track different benchmarks: AMZY is linked to Amazon (AMZN) while NVDY tracks NVIDIA (NVDA), which means their performance drivers differ.

NVDY is the larger fund by assets ($1.43B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose AMZY

YieldMax AMZN Option Income Strategy ETF

  • Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
  • Prefer lower volatility — a beta of 1.1 vs 1.3 for NVDY.

Choose NVDY

YieldMax NVDA Option Income Strategy ETF

  • Want to maximize current income — NVDY distributes roughly 41.03% from selling options premium, vs 32.51% for AMZY.
  • Are comfortable with an options-income strategy — a large payout in exchange for capped upside.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, AMZY would generate roughly $270.92/month, while NVDY would produce $341.92/month, at current distribution rates. Both pay weekly distributions.

AMZY yield32.51%
NVDY yield41.03%
Monthly diff on $10K$71.00

Cost & efficiency

Over 10 years on $10,000, AMZY would cost approximately $1,010 in fees vs $1,010 for NVDY (simplified, not compounded). Both charge the same expense ratio.

AMZY ER1.01%
NVDY ER1.01%

Strategy & risk

AMZY tracks Amazon (AMZN) with a covered call approach, while NVDY tracks NVIDIA (NVDA) with a covered call approach. Beta is 1.1373 for AMZY and 1.3 for NVDY, indicating AMZY is less volatile relative to the market.

AMZY beta1.1373
NVDY beta1.3

Fund details

AMZY is managed by YieldMax (launched 07/24/2023) with $246M in assets. NVDY is managed by YieldMax (launched 05/09/2023) with $1.43B in assets.

AMZY AUM$246M
NVDY AUM$1.43B
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Frequently asked questions

Is AMZY or NVDY better for dividend income?

It depends on your goals. NVDY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between AMZY and NVDY?

AMZY (YieldMax AMZN Option Income Strategy ETF) tracks Amazon (AMZN) with a covered call approach, while NVDY (YieldMax NVDA Option Income Strategy ETF) tracks NVIDIA (NVDA) with a covered call approach. They are issued by YieldMax and YieldMax respectively.

Can I hold both AMZY and NVDY?

Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

Which has lower fees, AMZY or NVDY?

AMZY and NVDY both charge the same expense ratio of 1.01%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

How much income does $10,000 in AMZY vs NVDY generate?

At current rates, $10,000 in AMZY would generate roughly $270.92 per month ($3,251.00 annually). The same in NVDY would produce about $341.92 per month ($4,103.00 annually).

Which has performed better historically, AMZY or NVDY?

AMZY has lagged NVDY over the trailing twelve months, posting a 2.32% total return against 22.52%. The lead holds up over 3 years too: NVDY has compounded at 48.87% a year, against 20.35% for AMZY. AMZY has been the steadier holding, though — annualized volatility of 25.2% against 38.3% for NVDY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

AMZY vs NVDY — at a glance

Generated July 2026 from current fund data.

Overview

AMZY and NVDY are single-stock covered call ETFs that sell weekly call options against concentrated positions in Amazon and NVIDIA, respectively. Both funds use YieldMax's option-writing strategy to generate income that far exceeds typical equity dividends, but they differ materially in underlying volatility, fund size, and distribution yield. These are tactical income vehicles, not core equity holdings, and their high yields come with the tradeoff of capped upside and ongoing NAV risk.

How they differ

The headline difference is yield: NVDY distributes 42.05% annualized versus AMZY's 32.85%, a gap that reflects NVIDIA's significantly higher implied volatility (and beta of 1.3 versus 1.1373 for Amazon). That volatility lift is what lets YieldMax extract more premium from NVIDIA call sales week to week. NVDY has also accumulated substantially more assets—$1.43B versus AMZY's $246M—suggesting stronger investor demand for the higher-yield strategy, though it arrived later (inception May 2023 vs. July 2023). Both charge 1.01% in expenses, and both distribute weekly, so the real operational difference narrows to the single-stock bet and the options premium each underlying generates.

Who each is best for

AMZY: Fits investors who want weekly income from Amazon exposure with slightly lower volatility and a more measured (though still elevated) distribution rate, and who are comfortable with caps on price appreciation in exchange for that income flow.

NVDY: Fits investors seeking maximum current income from a concentrated NVIDIA position and who have a higher tolerance for the volatility that drives the fund's outsized yield, accepting tighter upside limits as the cost of that premium.

Key risks to know

  • NAV erosion at yields above 40%. NVDY's 42.05% distribution rate means the fund is likely returning capital in excess of NVIDIA's underlying earnings and option premiums combined. This creates persistent pressure on net asset value over time, particularly if the underlying stock appreciates modestly—shareholders may see their unit value decline even as they collect distributions.
  • Call assignment and upside capping. Both funds sell calls weekly, so any meaningful rally in Amazon or NVIDIA can result in early assignment, forcing the fund to sell shares at the strike price and miss further gains. This is structural to covered call strategies and limits total return during bull markets.
  • Concentration risk in single volatile equities. AMZY and NVDY each hold only one stock, magnifying the impact of company-specific news, earnings misses, or sector rotation. NVIDIA's 1.3 beta makes it especially sensitive to tech weakness or risk-off reversals, while Amazon's steadier 1.1373 beta offers marginally more stability—but neither offers diversification of any kind.
  • Options market dislocation and implied volatility crash. If implied volatility on AMZN or NVDA falls sharply (as can happen during sustained rallies or reduced uncertainty), the premium YieldMax can collect from call sales shrinks significantly, compressing the fund's forward yield and potentially disappointing investors who bought at current distribution rates.
  • Weekly rebalancing friction in low-liquidity environments. YieldMax's weekly options cycle and rebalancing could face execution challenges in periods of market stress, potentially widening bid-ask spreads or delaying position adjustments.

Bottom line

If you want high current income from a single mega-cap tech name and can tolerate the NAV erosion and upside caps that come with a 42% yield, NVDY's larger asset base and higher premium extraction may feel more liquid. If you prefer lower distribution pressure with a still-generous (32%) income stream and a slightly less volatile underlying, AMZY offers a marginally more conservative version of the same trade. Neither fund is a long-term wealth builder; both are tactical income strategies that work best for investors comfortable harvesting premium from concentrated bets. Past performance of the underlying stocks does not predict how much income these funds will generate going forward.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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