ETF Education Report: LAYS

What this ETF is trying to do

The STKd 100 NVDA & 100 AMD ETF (LAYS) is an exchange-traded fund listed on the NASDAQ. This is a single-stock ETF, which means it focuses its strategy on specific assets rather than a broad basket of many different companies.

What the numbers show

The current price of LAYS is $64.18. Looking at how the price has moved, we can see significant growth over the last year:

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 40.20% since the start of the year.

• One-Year Price Return: The share price has increased by approximately 62.69% over the last 12 months.

• One-Year Total Return: When including distributions, the total return for the last year was approximately 83.43%.

It is important to know that "price return" only tracks the change in the share price. "Total return" is a different measurement that includes both the price change and any cash distributions paid out to investors.

Income and distribution explanation

LAYS has a distribution yield of approximately 9.13%. This number describes the cash distributions relative to the ETF's price. The fund has had one distribution in the last 12 months, and its distribution frequency is described as "irregular" or "less frequent."

While a high yield can provide cash income, it is important to remember that a high distribution yield does not mean an investor earned that same percentage as their total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). Some investors worry about erosion because they want to keep their original investment amount stable.

For LAYS, the erosion-risk score is 100, and the label indicates "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Top Holdings

The following is the top holding for this fund (as of October 4, 2026):

• FIRST AMERICAN GOVERNMENT OBLIGS X: 8.43%

Pros

• The fund has shown strong one-year total returns of approximately 83.43%.

• The erosion-risk measurements currently show no detected price erosion.

Cons

• The distribution frequency is irregular, meaning payments may not happen on a predictable schedule.

• As a single-stock ETF, it focuses on specific assets rather than a diversified group of companies.

Beginner takeaway

When looking at LAYS, it is helpful to distinguish between the share price and the total return. While the price has grown significantly, the total return is even higher because it accounts for distributions. Additionally, while the distribution yield is high at 9.13%, investors should always look at the total return and the erosion-risk score to understand how the fund is performing overall.