Mini Analysis: Single Stock Income ETF Performance

High Yield Daily Tracker: 4/22/2026

Apr 22, 2026

The markets remain resilient as they continue to press into all-time highs, alongside crypto waking up and even as oil bounces. Strange times given the past few months, but we wait and see what comes next.

In the mean time, this is a perfect opportunity to continue to analyze how income ETFs have performed during a multi-month draw down and quick recovery. This is how to identify winners and losers over the long-term.

Today’s mini-analysis digs into single-stock income ETF performance of Nvidia, but stay tuned for a deeper-dive across various stocks.

Baseline: NVDA 0.00%↑ is +7% year-to-date (see charts below).

NVIT 0.00%↑ (25% target yield): +1% NAV performance; +9% total returns
NVDY 0.00%↑ (70%+ yield): -4% NAV performance, +8% total returns
NVII 0.00%↑ (28% yield): -6% NAV performance, +9% total returns
NVDW 0.00%↑ (50% yield): -7% NAV performance, +7% total returns
NVYY 0.00%↑ (82% yield): -23% NAV performance, 0% total returns

Scroll below for additional charts and analysis. Plus, ULTY 0.00%↑ holdings changes.

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Long story short, there are promising numbers in here to investigate further. NVIT 0.00%↑ in particular not only has break-even NAV, but it’s actually outperforming the reference stock on total returns. That’s not something you see every day, but speaks the balance of a “target” income ETF strategy that seeks NAV growth and income.

And in a tale as old as time, just remember the trade off: the higher the yield, the bigger the potential NAV erosion (including capped upside during bounces). Stay tuned for further analysis in a dedicated article.

NAV Performance: