This Nvidia ETF earned this much in 2024

With the artificial intelligence revolution in full swing, semiconductor companies have seen outsized returns throughout the course of 2024. However, the gains were not evenly distributed — with Nvidia (NASDAQ: NVDA) taking the lion’s share of the market thanks to its cutting-edge chips.

Since the beginning of the year, Nvidia stock has seen prices increase by 191.11%. In the last 30 days, the price of an NVDA share has only increased by 3.09% — driven primarily by an instance of rather aggressive profit-taking following the company’s Q3 FY 2025 earnings report.

While analysts generally remain bullish on the stock, its main value lies in capital appreciation — dividends are not Nvidia’s strong suit, and the stock remains unappealing for income investors. 

However, there is one exchange-traded fund (ETF) — the YiledMax NVDA Options Income Strategy ETF (NYSEARCA: NVDY), which offers investors the chance to gain exposure to the high-flying semiconductor stock while still locking in profits regularly.

NVDY provided investors with a reliable stream of income

NVDY generates income by utilizing a mix of options and fixed-income assets — to be more precise, options are deployed via covered calls — while simultaneously holding short-term Treasury investments.

By doing so, the fund collects premiums through options, benefits from options spreads, and derives a steady cash flow from Treasury bills. On top of that, investors also get the benefit of capital appreciation — although in NVDY’s case, it pales in comparison to simply holding Nvidia stock.

Since the beginning of the year, the ETF has paid out investors 12 times — put together, those payments amount to $18.51 per NVDY share.

To purchase a single NVDY share at the beginning of the year, an investor would have had to part with $22.13. At press time, prices had risen to $24.08 — bringing year-to-date (YTD) returns to 8.81%.

The fund’s approach to capturing some of Nvidia’s impressive growth seems to be paying off — that initial $22.13 investment would have netted investors a total of $44.54, split between dividend payouts and capital appreciation — equating to a 92.45% profit.

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