AAPY vs. NVDY
Compare and contrast key facts about Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and YieldMax NVDA Option Income Strategy ETF (NVDY).
AAPY and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPY is an actively managed fund by Kurv. It was launched on Oct 26, 2023. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPY or NVDY.
Key characteristics
| AAPY | NVDY | |
|---|---|---|
| YTD Return | 11.38% | 124.53% |
| 1Y Return | 14.19% | 142.47% |
| Sharpe Ratio | 0.83 | 3.42 |
| Sortino Ratio | 1.24 | 3.72 |
| Omega Ratio | 1.17 | 1.54 |
| Calmar Ratio | 1.11 | 6.80 |
| Martin Ratio | 2.84 | 22.63 |
| Ulcer Index | 4.97% | 6.37% |
| Daily Std Dev | 17.05% | 42.15% |
| Max Drawdown | -12.78% | -21.19% |
| Current Drawdown | -3.56% | -1.42% |
Correlation
The correlation between AAPY and NVDY is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AAPY vs. NVDY - Performance Comparison
In the year-to-date period, AAPY achieves a 11.38% return, which is significantly lower than NVDY's 124.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AAPY vs. NVDY - Expense Ratio Comparison
Both AAPY and NVDY have an expense ratio of 0.99%.
Risk-Adjusted Performance
AAPY vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and YieldMax NVDA Option Income Strategy ETF (NVDY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAPY vs. NVDY - Dividend Comparison
AAPY's dividend yield for the trailing twelve months is around 11.84%, less than NVDY's 73.54% yield.
| TTM | 2023 | |
|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 11.84% | 2.17% |
NVDY YieldMax NVDA Option Income Strategy ETF | 73.54% | 22.32% |
Drawdowns
AAPY vs. NVDY - Drawdown Comparison
The maximum AAPY drawdown since its inception was -12.78%, smaller than the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for AAPY and NVDY. For additional features, visit the drawdowns tool.
Volatility
AAPY vs. NVDY - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is 4.39%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 8.56%. This indicates that AAPY experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.