The YieldMax Short NVDA Option Income Strategy ETF (DIPS), managed by YieldMax, is an actively managed equity ETF with $0.01 billion in assets under management. DIPS seeks to generate weekly income through a synthetic covered put strategy on NVIDIA Corp (NVDA), offering inverse exposure to NVDA's share price movements. The fund's high expense ratio of 0.99% reflects its active management and specialized options strategy. Past performance does not guarantee future results.
YieldMax Short NVDA Option Income Strategy ETF (DIPS) ETF — Price, Holdings & Analysis
The YieldMax Short NVDA Option Income Strategy ETF (DIPS), managed by YieldMax, is an actively managed equity ETF with $0.01 billion in assets under management. DIPS seeks to generate weekly income through a synthetic covered put strategy on NVIDIA Corp (NVDA), offering inverse exposure to NVDA's share price movements. The fund's high expense ratio of 0.99% reflects its active management and specialized options strategy. Past performance does not guarantee future results.
ETF Overview
The YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an actively managed exchanged fund that seeks to generate weekly income through a synthetic covered put strategy on NVIDIA Corp (NVDA). The strategy is designed to capture option premiums while providing inverse (short) exposure to the share price movements of NVDA, with risk management through purchased call options.
The YieldMax Short NVDA Option Income Strategy ETF (DIPS) aims to provide weekly income by implementing a synthetic covered put strategy specifically on NVIDIA (NVDA). This involves using options to mimic a short position in NVDA while collecting premium income. The fund seeks to profit from option premiums and inverse exposure to NVDA's stock price, while managing risk through purchased call options. With 100% of its assets allocated to cash and other instruments, the fund currently holds 16.04% of its assets in First American Government Obligs X (FGXXX). DIPS is designed for investors seeking income generation and inverse exposure to a single technology stock through options strategies. Past performance does not guarantee future results.
Risk Metrics
DIPS carries a high expense ratio of 0.99%, which can create a significant drag on returns, especially relative to passively managed ETFs. The fund's strategy of using options on a single stock, NVIDIA (NVDA), introduces significant concentration risk. Fluctuations in NVDA's stock price will heavily influence DIPS' performance. While the fund uses purchased call options for risk management, the inverse exposure to NVDA means that gains in NVDA's stock price could negatively impact DIPS. The fund's beta is 0.00, indicating a low correlation with the overall market, but this does not eliminate the specific risks associated with its options-based strategy and concentration in a single stock. Past performance does not guarantee future results.
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Risk Metrics
Beta: 0.00
Questions & Answers
What is DIPS and what does it track?
The YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an actively managed fund that aims to generate weekly income by implementing a synthetic covered put strategy on NVIDIA Corp (NVDA). It seeks to provide inverse exposure to the share price movements of NVDA while collecting option premiums. The fund uses purchased call options to manage risk. DIPS does not directly track an index but rather uses an active options strategy focused on a single stock. Past performance does not guarantee future results.
What is the expense ratio for DIPS?
The expense ratio for DIPS is 0.99%. This means that for every $1000 invested, $9.90 is used to cover the fund's operating expenses. This is significantly higher than the average expense ratio for equity ETFs, which is around 0.44%. The higher expense ratio reflects the active management and complexity of the fund's options-based strategy. Past performance does not guarantee future results.
What are the top holdings in DIPS?
As of 2026-03-15, the top holding in DIPS is First American Government Obligs X (FGXXX), comprising 16.04% of the fund's portfolio. The fund's sector allocation is primarily in cash and other instruments, representing 100% of the portfolio. While DIPS' strategy revolves around NVIDIA (NVDA) options, the fund's direct holdings are largely in short-term, liquid assets. This allocation is likely used to support the fund's options strategy and provide liquidity. Past performance does not guarantee future results.
Is DIPS a good long-term investment?
DIPS is designed to generate weekly income through a specific options strategy on NVIDIA (NVDA) and is not necessarily intended as a long-term investment. Its performance is highly dependent on the price movements of NVDA and the effectiveness of its options strategy. The fund's high expense ratio of 0.99% can also impact long-term returns. Investors should carefully consider their investment goals and risk tolerance before investing in DIPS. Past performance does not guarantee future results.
How does DIPS compare to similar ETFs?
DIPS is unique in its focus on generating income through a synthetic covered put strategy specifically on NVIDIA (NVDA). Many income-generating ETFs use broader market indexes or sector-based approaches. DIPS' expense ratio of 0.99% is higher than many other income ETFs, reflecting its active management and specialized strategy. With AUM of $0.01 billion, DIPS is smaller than many established income ETFs. Investors should compare DIPS' strategy and risk profile to other income ETFs to determine if it aligns with their investment objectives. Past performance does not guarantee future results.
Does DIPS pay dividends?
According to the provided data, DIPS has a dividend yield of 0.00%. While the fund aims to generate income through options premiums, it may not necessarily distribute dividends regularly. The income generated from the options strategy may be reinvested or used to cover fund expenses. Investors seeking dividend income should consider other ETFs with a history of consistent dividend payments. Past performance does not guarantee future results.