APLY vs. NVO
APLY (YieldMax AAPL Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax, while NVO (Novo Nordisk A/S) is a stock. Over the past 3 years, APLY returned 6.59%/yr vs -13.17%/yr for NVO. At a 0.12 correlation, their price movements are largely independent.
Performance
APLY vs. NVO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APLY achieves a -2.51% return, which is significantly higher than NVO's -3.09% return.
APLY
- 1D
- -6.28%
- 1M
- -10.32%
- YTD
- -2.51%
- 6M
- -3.00%
- 1Y
- 22.62%
- 3Y*
- 6.59%
- 5Y*
- —
- 10Y*
- —
NVO
- 1D
- 0.49%
- 1M
- 7.81%
- YTD
- -3.09%
- 6M
- -6.19%
- 1Y
- -25.97%
- 3Y*
- -13.17%
- 5Y*
- 5.04%
- 10Y*
- 8.71%
APLY vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
APLY YieldMax AAPL Option Income Strategy ETF | -2.51% | 4.69% | 18.62% | 11.43% |
NVO Novo Nordisk A/S | -3.09% | -39.22% | -15.93% | 21.53% |
Correlation
The correlation between APLY and NVO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APLY vs. NVO — Risk / Return Rank
APLY
NVO
APLY vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AAPL Option Income Strategy ETF (APLY) and Novo Nordisk A/S (NVO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APLY | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.94 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | -0.53 | +2.46 |
| Martin ratioReturn relative to average drawdown | 4.74 | -0.84 | +5.58 |
Loading charts...
Drawdowns
APLY vs. NVO - Drawdown Comparison
The maximum APLY drawdown since its inception was -30.41%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for APLY and NVO.
Loading charts...
Drawdown Indicators
| APLY | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.41% | -74.70% | +44.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -49.17% | +37.41% |
Max Drawdown (3Y)Largest decline over 3 years | -30.41% | -74.70% | +44.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.70% | — |
Current DrawdownCurrent decline from peak | -11.72% | -65.38% | +53.66% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -17.82% | +10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 30.98% | -26.19% |
Volatility
APLY vs. NVO - Volatility Comparison
The current volatility for YieldMax AAPL Option Income Strategy ETF (APLY) is 8.36%, while Novo Nordisk A/S (NVO) has a volatility of 11.82%. This indicates that APLY experiences smaller price fluctuations and is considered to be less risky than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APLY | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 11.82% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 38.40% | -23.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 51.76% | -32.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.21% | 38.48% | -17.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 32.57% | -11.36% |
Dividends
APLY vs. NVO - Dividend Comparison
APLY's dividend yield for the trailing twelve months is around 39.57%, more than NVO's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APLY YieldMax AAPL Option Income Strategy ETF | 39.57% | 36.38% | 24.95% | 14.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVO Novo Nordisk A/S | 3.78% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
APLY and NVO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (11.82%) compared to APLY (8.36%). In terms of maximum drawdown, APLY dropped -30.41% vs NVO's -74.70%.
APLY currently has the higher Sharpe Ratio (1.19 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for APLY and NVO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer