PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

GraniteShares YieldBOOST NVDA ETF (NVYY) Sharpe Ratio: 0.88

ETF · Currency in USD · Last updated Jun 24, 2026

The GraniteShares YieldBOOST NVDA ETF (NVYY) aims to generate income by selling put options on leveraged ETFs linked to the 2x Long NVDA Daily ETF.

NVYY's Sharpe Ratio of 0.88 indicates that for each unit of volatility, it generates 0.88 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

NVYY Sharpe Ratio Rank

NVYY Sharpe Ratio Rank: 25.525
Below Average

NVYY ranks above 25.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. 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

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

NVYY Sharpe Ratio Market Positioning

The chart shows NVYY'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%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 6.99+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares GraniteShares YieldBOOST NVDA ETF's Sharpe Ratio with other ETFs in the Leveraged Equities, Derivative Income category across multiple time periods, showing how NVYY'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 Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MULLGraniteShares 2x Long MU Daily ETF25.24
INTWGraniteShares 2x Long INTC Daily ETF13.25
SOXLDirexion Daily Semiconductor Bull 3X ETF8.45
AMDLGraniteShares 2x Long AMD Daily ETF6.28
AMUUDirexion Daily AMD Bull 2X Shares6.25
AMDGLeverage Shares 2X Long AMD Daily ETF6.20
KORUDirexion Daily South Korea Bull 3X Shares6.02
DLLLGraniteShares 2x Long DELL Daily ETF5.91
MVLLGraniteShares 2x Long MRVL Daily ETF4.78
GGLLDirexion Daily GOOGL Bull 2X Shares4.51
NVYYGraniteShares YieldBOOST NVDA ETF0.88

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows NVYY'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 NVYY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does NVYY fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio