YieldMax NVDA Option Income Strategy ETF (NVDY) Sharpe Ratio: 1.67

NVDY's Sharpe Ratio of 1.67 indicates that for each unit of volatility, it generates 1.67 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

NVDY Sharpe Ratio Rank

Exceptional

NVDY ranks above 81.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Suitable as a core holding given strong risk-adjusted returns
Monitor rank changes to detect deteriorating return-to-volatility profile
Exceptional Sharpe ratio supports larger position sizes
Compare with category peers to assess whether strength is investment-specific or category-wide

NVDY Sharpe Ratio Market Positioning

The chart shows NVDY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.48 or lower
Yellow zone (middle 50%): 0.48 to 1.43
Green zone (top 25%): 1.43 or higher
Top 1%: 5.83+
Median: 0.96 — half of all investments score higher

How it compares to other similar ETFs

The table compares YieldMax NVDA Option Income Strategy ETF's Sharpe Ratio with other ETFs in the Options Trading category across multiple time periods, showing how NVDY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 3, 2026.

Symbol	Name	1Y Sharpe Ratio
QFLR	Innovator Nasdaq-100 Managed Floor ETF	1.90
EOCT	Innovator Emerging Markets Power Buffer ETF - October	1.88
AAPR	Innovator Equity Defined Protection ETF - 2 Yr To April 2026	1.86
FLJJ	Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	1.81
IDEC	Innovator International Developed Power Buffer ETF - December	1.71
NVDY	YieldMax NVDA Option Income Strategy ETF	1.67
DMAR	FT Cboe Vest U.S. Equity Deep Buffer ETF - March	1.65
YSEP	FT Cboe Vest International Equity Buffer ETF - September	1.63
INOV	Innovator International Developed Power Buffer ETF - November	1.59
AJUL	Innovator Equity Defined Protection ETF - 2 Yr To July 2026	1.54

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows NVDY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NVDY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore NVDY risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

NVDY Sortino Ratio