NVDW vs NVDY: Weekly Leverage or NVDA Options Income?
NVDW, Roundhill NVDA WeeklyPay ETF, targets 1.2 times NVIDIA's calendar-week total return before fees and expenses and pays a weekly distribution. NVDY, YieldMax NVDA Option Income Strategy ETF, holds a synthetic long position in NVDA and sells call spreads to fund its payouts. One amplifies the stock's weekly move; the other trades away part of its upside for premium. Neither diversifies away NVDA.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
NVDW has lagged NVDY over the trailing twelve months, posting a 15.43% total return against 18.39%. Measured from Feb 2025 — the start of shared available history — NVDW has compounded at 28.52% a year versus 25.14% for NVDY. NVDY has been the steadier holding, though — annualized volatility of 29.9% against 44.6% for NVDW. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 16, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Feb 2025” measures every fund from February 19, 2025 — the start of shared available history — 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.
Distribution rate, SEC yield and return of capital
Metric
NVDW
NVDY
Forward distribution rate
32.27%
35.45%
Trailing 12-month yield
52.56%
53.92%
30-day SEC yield
—
2.53%
Return of capital
100.00%
0.00%
Total return (price change plus reinvested distributions) is the Total returns section above. Return of capital is the share of a recent distribution that was not income. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
NVDW targets weekly payouts and 120% of the weekly total return of NVIDIA Corporation before fees.
YieldMax NVDA Option Income Strategy ETF seeks current income while providing indirect exposure to the share price returns of NVIDIA Corporation common stock, subject to a limit on potential investment gains. The fund does not invest directly in NVIDIA Corporation; it uses a synthetic covered call strategy built from standardized exchange-traded options.
Bottom lineChoose NVDW if you want amplified NVDA exposure with weekly cash and accept leverage and compounding. Choose NVDY if you want NVDA-linked option income and accept call-spread participation trade-offs. That is not its target. The multiplier applies to one calendar week, before fees and expenses; a year is fifty-two separate weekly targets whose compounding depends on the path NVDA takes. In a steady rise the result can exceed 1.2 times; in a choppy market it can fall short or lose money while NVDA finishes flat. NVDY has no weekly multiplier; its call spreads alter upside participation rather than imposing one permanent cap. Compare actual same-date paths with distributions reinvested, and treat a distribution rate as a payout, not an expected return.
NVDW vs NVDY: Weekly Leverage or NVDA Options Income?
NVDW, Roundhill NVDA WeeklyPay ETF, targets 1.2 times NVIDIA's calendar-week total return before fees and expenses and pays a weekly distribution. NVDY, YieldMax NVDA Option Income Strategy ETF, holds a synthetic long position in NVDA and sells call spreads to fund its payouts. One amplifies the stock's weekly move; the other trades away part of its upside for premium. Neither diversifies away NVDA.
NVDW
NVDY
Approach
Leveraged calendar-week NVDA target, weekly pay
NVDA synthetic exposure with call-spread income, weekly pay
Risk review
Single-stock losses, leverage and weekly compounding
Single-stock losses and call-spread upside trade-offs
Expense ratio
0.99%
1.09%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
How the risk works
Weekly leverage target. NVDW seeks 1.2 times NVDA's calendar-week total return before fees. Compounding across weeks can produce a very different longer-term result; this is not a daily-reset fund.
Options on a single stock. NVDY sells call spreads on synthetic NVDA exposure. The short call limits gains between the strikes, while the higher-strike long call can restore participation above its strike. Most underlying downside remains; participation depends on the positions held.
Single-stock concentration. Both funds rise and fall with one company. Weekly cash payments do not reduce that exposure and may include return of capital.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.
See our curated list of related YouTube videos on NVDW.
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 NVDY.
NVDW, Roundhill NVDA WeeklyPay ETF, targets 1.2 times NVIDIA's calendar-week total return before fees and expenses and pays a weekly distribution. NVDY, YieldMax NVDA Option Income Strategy ETF, holds a synthetic long position in NVDA and sells call spreads to fund its payouts. One amplifies the stock's weekly move; the other trades away part of its upside for premium. Neither diversifies away NVDA.
That is not its target. The multiplier applies to one calendar week, before fees and expenses; a year is fifty-two separate weekly targets whose compounding depends on the path NVDA takes. In a steady rise the result can exceed 1.2 times; in a choppy market it can fall short or lose money while NVDA finishes flat. NVDY has no weekly multiplier; its call spreads alter upside participation rather than imposing one permanent cap. Compare actual same-date paths with distributions reinvested, and treat a distribution rate as a payout, not an expected return.
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A fund that resets its leverage each week does better than its multiple when the stock trends in one direction and worse when it swings, because losses are taken on a larger base and gains rebuilt on a smaller one. NVDY retains most NVDA downside while call spreads change rally participation between and above their strikes. Decide which shape you want before comparing payouts, and size either one as a single-stock position.
Current metrics use the dated snapshot above. Distributions can vary and may include return of capital; a distribution rate is not an expected total return.
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Frequently asked questions
Will NVDW return 1.2 times NVDA over a year?
That is not its target. The multiplier applies to one calendar week, before fees and expenses; a year is fifty-two separate weekly targets whose compounding depends on the path NVDA takes. In a steady rise the result can exceed 1.2 times; in a choppy market it can fall short or lose money while NVDA finishes flat. NVDY has no weekly multiplier; its call spreads alter upside participation rather than imposing one permanent cap. Compare actual same-date paths with distributions reinvested, and treat a distribution rate as a payout, not an expected return.
How should I compare risk and ownership costs?
Compare the current expense ratios on the issuer pages. NVDW's swap financing cost and NVDY's option spreads are inside the return, not the fee. Distributions from both can include return of capital. In a U.S. taxable account, return of capital generally reduces cost basis without current tax until basis reaches zero; amounts beyond basis are capital gains. Weekly payments are not necessarily weekly taxable income. Issuer 19a-1 estimates are provisional; use final Form 1099-DIV tax character.
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