YNVD.NEO's Sharpe Ratio of 0.90 indicates that for each unit of volatility, it generates 0.90 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 26, 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.
YNVD.NEO Sharpe Ratio Rank
YNVD.NEO ranks above 26.5% 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
YNVD.NEO Sharpe Ratio Market Positioning
The chart shows YNVD.NEO'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%): 0.86 or lower
- Yellow zone (middle 50%): 0.86 to 2.12
- Green zone (top 25%): 2.12 or higher
- Top 1%: 6.85+
- Median: 1.56 — half of all investments score higher
How it compares to other similar ETFs
The table compares NVIDIA (NVDA) Yield Shares Purpose ETF's Sharpe Ratio with other ETFs in the Derivative Income category across multiple time periods, showing how YNVD.NEO'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 26, 2026.
| Symbol | Name | 1Y Sharpe Ratio | 5Y Sharpe Ratio | 10Y Sharpe Ratio | All Time Sharpe Ratio |
|---|---|---|---|---|---|
| CBNK.TO | Mulvihill Canadian Bank Enhanced Yield ETF | 6.29 | |||
| BANK.TO | Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 5.42 | |||
| HLIF.TO | Harvest Canadian Equity Income Leaders ETF Class A | 5.37 | |||
| ZWB.TO | BMO Covered Call Canadian Banks ETF | 5.27 | |||
| BKCL.TO | Global X Enhanced Equal Weight Canadian Banks Covered Call ETF | 4.92 | |||
| BKCC.TO | Global X Equal Weight Canadian Bank Covered Call ETF | 4.70 | |||
| HMAX.TO | Hamilton Canadian Financials Yield Maximizer ETF | 4.19 | |||
| RCDC.TO | RBC Canadian Dividend Covered Call ETF | 3.83 | |||
| ZWC.TO | BMO CA High Dividend Covered Call ETF | 3.65 | |||
| GOGY.TO | Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 3.52 | |||
| YNVD.NEO | NVIDIA (NVDA) Yield Shares Purpose ETF | 0.90 |
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