CONY vs MSTY vs NVDY: Which Is the Better Pick in 2026?
A side-by-side comparison of YieldMax COIN Option Income Strategy ETF, YieldMax MSTR Option Income Strategy ETF and YieldMax NVDA Option Income Strategy ETF covering yield, cost, risk, and income potential.
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 CONY, MSTY and NVDY.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
NVDY tops the group on trailing twelve-month total return at 24.32%, with CONY at -58.14% and MSTY at -73.50%. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Feb 2024” measures every fund from February 22, 2024 — 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 past year. 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 past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
CONY (YieldMax COIN Option Income Strategy ETF), MSTY (YieldMax MSTR Option Income Strategy ETF), NVDY (YieldMax NVDA Option Income Strategy ETF) are dividend ETFs that take different approaches.
MSTY offers the highest reported yield at 83.49%, followed by CONY at 73.91%, NVDY at 39.56%.
MSTY is the cheapest with an expense ratio of 0.99%, compared to 1.01% for CONY and 1.01% for NVDY.
NVDY is the largest fund by assets ($1.43B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: CONY generates ~$615.92/month, MSTY generates ~$695.75/month, NVDY generates ~$329.67/month at current distribution rates.
CONY yield73.91%
MSTY yield83.49%
NVDY yield39.56%
Cost & efficiency
Over 10 years on $10,000: CONY costs ~$1,010, MSTY costs ~$990, NVDY costs ~$1,010 in fees (simplified, not compounded).
CONY ER1.01%
MSTY ER0.99%
NVDY ER1.01%
Strategy & risk
CONY tracks Coinbase (COIN) with a covered call approach; MSTY tracks Strategy (MSTR) with a covered call approach; NVDY tracks NVIDIA (NVDA) with a covered call approach.
CONY beta2.8303
MSTY beta2.5604
NVDY beta1.36
Fund details
CONY is managed by YieldMax (launched 05/09/2023) with $361M in assets. MSTY is managed by YieldMax (launched 02/21/2024) with $1.01B in assets. NVDY is managed by YieldMax (launched 05/09/2023) with $1.43B in assets.
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Frequently asked questions
Which of CONY, MSTY, NVDY is best for dividend income?
It depends on your goals. MSTY currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.
What is the difference between CONY, MSTY, NVDY?
CONY (YieldMax COIN Option Income Strategy ETF) tracks Coinbase (COIN) with a covered call approach, issued by YieldMax. MSTY (YieldMax MSTR Option Income Strategy ETF) tracks Strategy (MSTR) with a covered call approach, issued by YieldMax. NVDY (YieldMax NVDA Option Income Strategy ETF) tracks NVIDIA (NVDA) with a covered call approach, issued by YieldMax.
Can I hold CONY, MSTY, NVDY together?
Yes — nothing prevents holding them together. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has the lowest fees among CONY, MSTY, NVDY?
CONY has an expense ratio of 1.01%, MSTY has an expense ratio of 0.99%, NVDY has an expense ratio of 1.01%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 generate in each?
$10,000 in CONY yields ~$615.92/month ($7,391.00/year). $10,000 in MSTY yields ~$695.75/month ($8,349.00/year). $10,000 in NVDY yields ~$329.67/month ($3,956.00/year).
Explore related screeners
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