Skip to content
Beacon

DIPSYieldMax Short NVDA Option Income Strategy ETF

Get incomeTake a bet2y track recordRanked #816 of 949 in this goal

Seeks current income while providing inverse exposure to the share price of NVIDIA Corporation.

By YieldMax ETFs · Launched 2024

Annual Cost

1.05%

#5,327 of 5,861 · expensive

Fund Size

$8M

#4,987 of 5,861 · small

Dividend YieldGoal

14.32%

Track Record

2 years

#3,608 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$9,361-6.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 103.2% of fundconcentrated

TREASURY BILL
33.6%
TREASURY BILL
18.5%
First American Government Obli
18.0%
TREASURY BILL
11.6%
TREASURY BILL
10.1%
TREASURY BILL
10.0%
N/A
1.2%
N/A
0.0%
N/A
0.0%
N/A
0.0%

Asset allocation

Cash
57.6%
Bonds
52.2%
Other
0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
29.4%High

Year-on-year price swings

Max drawdown
-59.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks current income while providing inverse exposure to the share price of NVIDIA Corporation.
Strategy
Actively managed ETF that seeks current income while providing indirect inverse exposure to the share price of NVIDIA Corporation. Employs synthetic covered put strategies to generate options premiums and manage potential losses from share price increases.
Inception date
July 23, 2024
Fund family
YieldMax ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've looked at DIPS. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-04