YieldMax NVDA Option Income Strategy ETF vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? YieldMax NVDA Option Income Strategy ETF trades at $12.58, while Direxion Daily S&P 500 Bull 3X Shares trades at $270.48. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, YieldMax NVDA Option Income Strategy ETF nearer its low. Which is the better fit depends on your goals.
| NVDY | SPXL | |
|---|---|---|
Sector | Income / Options Overlay | Leveraged / Inverse |
52-Week High | $17.96 | $288.04 |
52-Week Low | $12.03 | $170.20 |
Trailing returns across standard periods
NVDY is an actively managed ETF that pursues a synthetic covered call strategy on NVIDIA Corporation (NVDA) stock. The fund primarily sells call options on NVDA and invests in U.S. Treasury securities and other high-quality collateral. Its goal is to generate monthly income from the option premiums. This strategy provides exposure to the high-growth potential of NVDA while seeking to deliver a high yield, though it caps the potential capital appreciation of the stock.
Read more on NVDY →SPXL aims for 300% of the S&P 500's daily performance. It uses swaps and futures to provide 3x leverage, making it a high-risk tool for short-term traders. Due to daily resets, it is prone to volatility decay and is not intended for long-term holding.
Read more on SPXL →