ETF Evaluator:
YieldMax NVDA Perf & Dis Trgt 25 ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
| 127.0% | YieldMax AMD Option Income Strategy ETF (AMDY) |
| 113.8% | YieldMax MSTR Short Opt Inc Stgy ETF (WNTR) |
| 91.4% | YieldMax Semiconductor Port Opt Inc ETF (CHPY) |
| 90.2% | YieldMax Target 12 Smcndctr Opt Inc ETF (SOXY) |
| 61.8% | YieldMax GOOGL Option Income Stgy ETF (GOOY) |
Risk
Index
Risk
Index
ETF Details
YieldMax NVDA Perf & Dis Trgt 25 ETF Overview
YieldMax NVDA Perf & Dis Trgt 25 ETF (NVIT) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). YieldMax ETFs launched the ETF in 2025.
The investment seeks current income; the secondary investment objective is to seek indirect exposure to the share price of Nvidia Corporation (“NVDA” or the “Underlying Security”),which is generally subject to a limit on potential investment gains.
The fund is an actively managed ETF, the management seeks (i) to generate cash distributions based on a targeted annual cash distribution level of 25%, and (ii) capital appreciation. The fund’s strategy combines (1) synthetic long exposure to the common stock of NVDA (the “Underlying Security”), and (2) the use of options strategies designed to generate premiums. The fund is non-diversified.
About YieldMax NVDA Perf & Dis Trgt 25 ETF (NVIT)
There are 3 members of the management team with an average tenure of 0.70 years: Jay Pestrichelli (2025), Qiao Duan (2025) and Christopher Mullen (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
YieldMax NVDA Perf & Dis Trgt 25 ETF has 12 securities in its portfolio. The top 10 holdings constitute 123.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
YieldMax NVDA Perf & Dis Trgt 25 ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. YieldMax NVDA Perf & Dis Trgt 25 ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.3% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 11.8% (11.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). YieldMax NVDA Perf & Dis Trgt 25 ETF has 73.4% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NVIT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The YieldMax NVDA Perf & Dis Trgt 25 ETF expense ratio is high compared to funds in the Derivative Income category. YieldMax NVDA Perf & Dis Trgt 25 ETF has an expense ratio of 1.08%, which is 30% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. YieldMax NVDA Perf & Dis Trgt 25 ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, YieldMax NVDA Perf & Dis Trgt 25 ETF returned 2.0%, which earned it a grade of B, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
YieldMax NVDA Perf & Dis Trgt 25 ETF has a trailing yield of 0.00%, which is below the 19.96% category average.
The fund normally distributes its income weekly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
YieldMax NVDA Perf & Dis Trgt 25 ETF Grades
Year to date, the ETF has returned 11.9%, 9.3 percentage points better than the category, which translates into a grade of A.
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about YieldMax NVDA Perf & Dis Trgt 25 ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
NVIT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NVIT Return (NAV) | 2.0% | 2.8% | na | na | na | na |
| NVIT Return (Price) | 1.8% | 2.5% | na | na | na | na |
| NAV +/- Price Return | 0.278% | 0.328% | na | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| NVIT Grade (NAV) | B | C | na | na | na | na |
| +/- Category (NAV) | 3.6% | 2.2% | na | na | na | na |
| NVIT Tax-Cost Ratio | na | na | na | na | na | na |
NVIT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NVIT Return (NAV) | 11.9% | na | na | na | na | na | na | na | na | na | na |
| NVIT Return (Price) | 11.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.040% | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| NVIT Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 9.3% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 11 Mil |
| Share Class Assets: | $ 11 Mil |
| Turnover: | na |
| Expense Ratio: | 1.08% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Pestrichelli Jay (2025), Duan Qiao (2025), Mullen Christopher (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 12 |
| % in Top 10 Holdings: | 123.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 2.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 11.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 12.5% |
| Cash: | 73.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | YieldMax ETFs |
| Phone Number: | 866-864-3968 |
| Website: | |
| Inception Date: | November 17, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.08% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
