Top 10 best performing etfs in 2024
Re: Top 10 best performing etfs in 2024
YieldMax NVDA Option Income Strategy ETF (NVDY)
Expense ratio: 1.01%
Assets under management: $1.4 billion
YTD performance: +114.2% (total return with distributions included)
The winner among the best-performing ETFs of 2024 is NVDY, a focused fund that invests in chipmaker Nvidia by owning shares and executing an options strategy that sells covered call options on the stock. The stock itself rose around 170% or so last year, but this ETF is up less than that because it is also linked to derivatives on the stock designed to generate monthly paydays from options contracts. While this strategy caps the upside, it also limits the downside – which is one of the reasons that NVDY finished 2024 with strong gains even though NVDA stock has slipped since November.
Expense ratio: 1.01%
Assets under management: $1.4 billion
YTD performance: +114.2% (total return with distributions included)
The winner among the best-performing ETFs of 2024 is NVDY, a focused fund that invests in chipmaker Nvidia by owning shares and executing an options strategy that sells covered call options on the stock. The stock itself rose around 170% or so last year, but this ETF is up less than that because it is also linked to derivatives on the stock designed to generate monthly paydays from options contracts. While this strategy caps the upside, it also limits the downside – which is one of the reasons that NVDY finished 2024 with strong gains even though NVDA stock has slipped since November.