Crazy Yield Alternative ETFs
This is part three of the series. This category is not for the faint-hearted, but I believe this is a better investment than crypto currencies with far less risk. Crypto doesn’t pay a dividend. You have to buy at the right time and then sell at the right time to really make any income. Admittedly, these derivative ETFs pay dividends that any wise investor would categorize as “crazy.” Call me crazy because I think these add some great income. Some of them pay a weekly dividend on Thursday or Friday.
I did buy more than just the ones I currently hold when I first became aware of this type of investment. The ones that were less profitable are the ones I sold. I used the proceeds from those sales to add to my AMDY holdings. That one is the powerhouse in the nine I currently own.
The crazy ETFs make up a little less than 4.0% of our total investments. I wanted to cover this category before talking about dividend growth stocks, REITs and BDCs. I think most investors don’t even know these investments exist. I also doubt that your financial advisor would recommend them because they don’t want you to be disappointed if and when the share price drops.
The ETFs mentioned in this update are AMDY, IDVO, GPTY, NVDY, GPIX, QQQI, QDVO, NFLY, and IGLD. My favorite of the bunch (AMDY) is connected to AMD: Advanced Micro Devices, Inc.
Some Sample Results: AMDY and IDVO
Since August 2025 I have received a total of $15,163 in dividends from just the AMDY shares. I have been adding shares as the price dropped. Last week AMDY produced $560.51 in dividends. Today I received $1,156.97 in dividends for those shares.
I have received $1,180 in IDVO dividends since September 2025. Last week IDVO produced $108 in dividends. This ETF only pays a monthly dividend.
Options Trading: NO
I do not trade options on these ETFs because these ETFs already trade options. That is the work of the fund manager. For example, AMDY has this model: “YieldMax AMD Option Income Strategy ETF is an exchange traded fund launched and managed by Tidal Investments, LLC. The fund invests in public equity and fixed income markets of the United States. For its equity portion, it invests through derivatives in stocks of companies operating across information technology, semiconductor, and semiconductor equipment sectors. The fund employs long/short strategy and uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.”
Derivatives are options contracts.
Quality Matters
Seeking Alpha helps me identify ETFs with attributes that are likely to improve my returns and income. The ETFs I own in the crazy category are of varying degrees of crazy.
Concentration and Risk
AMDY is highly concentrated on options contracts for AMDY. As long as AMD is performing well I would expect AMDY to do the same. If there is a huge price drop for AMD, it is highly likely the same will happen with AMD. That will cause me to consider adding even more shares.
My Spreadsheet
The following spreadsheet image shows all of our current “crazy” dividend ETF investments. As you can see, the total dollars invested in the nine ETFs is about $148K and that is only 4% of our total holdings. If you have a smaller account balance, more of your total holdings should be in low-cost mutual funds and/or low-cost ETFs, not in these ETFs. If you can pick only one, I recommend AMDY.
The next image moved the positions into an Excel pivot table to summarize by ticker symbol. That table is used to create a graph. You can see my favorites are AMDY, IDVO, GPTY, and NVDY.
This image shows our AMDY holdings in Fidelity’s Trader+ software.
AMD Analysis
The following images might help you to understand AMDY as an investment.
Summary
Don’t get hung up on mimicking my holdings or percentages. You might be better served to have a higher allocation of AMDY shares. In other words, don’t feel compelled to copy me. Remember that you are not likely to buy shares at the same price I did. If you have questions about your own allocations, and if you are willing to send me a csv file of your holdings, I can give you a high-level suggestion about what you might want to consider.
As always, I welcome questions and comments. They help me understand the needs of my readers.
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