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Security Comparison

DIPS vs NVDA: Which Is the Better Pick in 2026?

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

Data updated July 21, 2026

YieldMax
ETFs59
Total AUM$9.28B

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 DIPS.

See all YieldMax ETFs

Side-by-side snapshot

DIPSNVDA
Full nameYieldMax Short NVDA Option Income Strategy ETFNVIDIA Corporation
IssuerYieldMax—
Last Close$38.49 as of July 21, 2026$203.28 as of July 21, 2026
Distribution yield37.96%0.02%
Distribution Safety Score™ 4996
Expense ratio1.05%—
AUM$7.89M—
Distribution frequencyWeeklyQuarterly
Underlying indexNVIDIA (NVDA)—
ObjectiveCovered CallDesigns and manufactures graphics processing units (GPUs) and system-on-chip units for gaming, professional visualization, data centers, and automotive markets. A leader in AI infrastructure and accelerated computing.
Asset classEquityEquity
Inception date07/23/2024N/A
Beta-1.34182.211
Last dividend$0.2810$0.2500
Ex-dividend date07/16/202606/04/2026

Bottom lineChoose DIPS if you want to maximize current income — roughly 37.96%, generated by selling options premium. Choose NVDA if you want direct ownership of the underlying business, with no fund wrapper or management fee. There's no free lunch: DIPS's payout comes from selling options, which caps upside and can erode the share price over time, while NVDA 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

DIPS has lagged NVDA over the trailing twelve months, posting a -10.39% total return against 18.77%. Measured from Jul 2024 — when the younger fund began trading — NVDA has compounded at 33.74% a year versus -29.87% for DIPS. Figures are total returns: price change plus every distribution reinvested.

SymbolYTD1YSince Jul 2024Volatility Sharpe Sortino Max drawdown
DIPS-5.74%-10.39%-29.87%29.0%-0.54-0.71-26.2%
NVDA7.77%18.77%33.74%35.9%0.360.51-20.2%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 20, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jul 2024” measures every fund from July 24, 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

DIPS (YieldMax Short NVDA Option Income Strategy ETF) is an ETF, while NVDA (NVIDIA Corporation) is a stock — they take fundamentally different approaches.

DIPS offers the higher yield at 37.96% vs 0.02% for NVDA. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

Deep dive

Yield & income

On a $10,000 investment, DIPS would generate roughly $316.33/month, while NVDA would produce $0.17/month, at current distribution rates.

DIPS yield37.96%
NVDA yield0.02%
Monthly diff on $10K$316.17

Cost & efficiency

DIPS charges a 1.05% expense ratio — roughly $1,050 over 10 years on $10,000 (simplified, not compounded). NVDA is a stock, not a fund, so it charges no expense ratio.

DIPS ER1.05%

Strategy & risk

DIPS tracks NVIDIA (NVDA) with a covered call approach, while NVDA is a stock. Beta is -1.3418 for DIPS and 2.211 for NVDA, indicating DIPS is less volatile relative to the market.

DIPS beta-1.3418
NVDA beta2.211

Security details

DIPS is managed by YieldMax (launched 07/23/2024) with $7.89M in assets. NVDA (NVIDIA Corporation) is a stock.

DIPS AUM$7.89M
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Frequently asked questions

Is DIPS or NVDA better for dividend income?

It depends on your goals. DIPS 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 DIPS and NVDA?

DIPS (YieldMax Short NVDA Option Income Strategy ETF) tracks NVIDIA (NVDA) with a covered call approach, while NVDA (NVIDIA Corporation) is a stock. They are issued by YieldMax and — respectively.

Can I hold both DIPS and NVDA?

Yes — nothing prevents holding both. 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 lower fees, DIPS or NVDA?

DIPS charges a 1.05% expense ratio. NVDA is a stock, not a fund, so it has no expense ratio — owning it directly costs nothing in ongoing fund fees.

How much income does $10,000 in DIPS vs NVDA generate?

At current rates, $10,000 in DIPS would generate roughly $316.33 per month ($3,796.00 annually). The same in NVDA would produce about $0.17 per month ($2.00 annually).

Which has performed better historically, DIPS or NVDA?

DIPS has lagged NVDA over the trailing twelve months, posting a -10.39% total return against 18.77%. Measured from Jul 2024 — when the younger fund began trading — NVDA has compounded at 33.74% a year versus -29.87% for DIPS. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

DIPS vs NVDA — at a glance

Generated July 2026 from current fund data.

Overview

DIPS is a covered-call ETF that sells weekly call options against a short position in NVIDIA stock, while NVDA is NVIDIA itself—the underlying semiconductor company. DIPS targets income extraction through options premium, whereas NVDA is a direct equity stake in the AI-infrastructure leader. The two track inverse price movements: DIPS has a beta of −1.34, meaning it moves opposite the market; NVDA has a beta of 2.21, indicating roughly twice the market's upside and downside sensitivity.

How they differ

The fundamental difference is structural: DIPS synthetically replicates NVDA using derivatives (short stock + short calls), while NVDA is the actual company. DIPS distributes 46.51% annualized—via weekly option income—against NVDA's 0.47% quarterly dividend; that yield premium comes from selling call options that cap upside and lock in losses if NVIDIA rallies. DIPS also carries a 1.05% expense ratio and holds only $8.21M in assets (making it a small, illiquid fund), while NVDA is a mature mega-cap with deep trading liquidity. The beta reversal is the third difference: DIPS's inverse beta means the fund tends to decline when NVIDIA rises—the opposite of owning NVDA outright.

Who each is best for

DIPS: Fits investors seeking income from NVIDIA exposure via short-call premium in a rising or sideways market, accepting that participation is capped and that rallies in NVIDIA erode NAV.

NVDA: Fits investors with a long-term conviction in AI infrastructure and semiconductor leadership who want capital appreciation (and a minimal dividend) rather than high current income from options strategies.

Key risks to know

  • NAV erosion at extreme distribution yields. A 46.51% annual yield requires sustained option premium collection. When volatility declines or NVIDIA rallies past the short call strikes, distributions may rely on return-of-capital treatment, eroding net asset value over time.
  • Inverse beta conflict with underlying exposure. DIPS's −1.34 beta means a 10% rally in NVDA typically causes a sharp NAV loss in DIPS, even though the fund is conceptually "long" NVIDIA via the short stock + short call structure. This creates a structural hedge that is costly during semiconductor bull runs.
  • Liquidity and size risk. With $8.21M in AUM, DIPS trades in a thin market. Bid-ask spreads may widen during volatility, and the small asset base limits the fund's ability to scale or weather redemptions.
  • Call strike assignment and upside cap. Weekly call sales lock in a ceiling on gains. If NVIDIA surges past strike levels, the short calls are exercised, capping DIPS's participation and forcing portfolio rebalancing.
  • Concentration and single-asset dependency. Both funds depend entirely on NVIDIA performance; there is no diversification within either security. Any company-specific setback affects both identically (though in opposite directions due to DIPS's inverse structure).

Bottom line

If you want income from NVIDIA's stock price via options premium and can tolerate an inverse relationship to the semiconductor market, DIPS offers a high yield at the cost of upside caps and shrinking NAV. If you believe in NVIDIA's long-term AI-infrastructure growth and can live with a minimal dividend, NVDA provides direct equity exposure with unlimited upside. Past performance does not predict future results; the 46.51% yield in DIPS is a product of current volatility and option-market pricing and should not be assumed stable.

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

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