When choosing between high-yield ETFs like the YieldMax NVDA Option Income Strategy ETF (NVDY) and Amplify CWP Enhanced Dividend Income ETF (DIVO), it's important to consider more than just yield. While NVDY offers a slightly better one-year return, it comes with a heftier tax bill. In contrast, DIVO provides robust long-term returns and a well-diversified portfolio, with significant investment in top-performing stocks like IBM, Meta, and Goldman Sachs, making it more attractive for investors focused on sustainable cash flow and overall performance.
NVDY and DIVO are both high-yield income ETFs that employ options trading, offering investors passive income, yet their long-term performance diverges significantly.
Though NVDY showcases a higher one-year return, its tax implications diminish its attractiveness compared to DIVO, which emerges as the better choice for long-term investors.
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