AVIE vs. NVDY

Last updated Jun 5, 2026

AVIE (Avantis Inflation Focused Equity ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - AVIE is a Large Cap Blend Equities fund actively managed by Avantis, while NVDY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past 3 years, AVIE returned 13.52%/yr vs 55.07%/yr for NVDY. At a 0.05 correlation, their price movements are largely independent. AVIE charges 0.25%/yr vs 0.99%/yr for NVDY.

Performance

AVIE vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Inflation Focused Equity ETF (AVIE) and YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AVIE having a 13.83% return and NVDY slightly higher at 14.49%.

AVIE

• 1D: 0.92%
• 1M: 0.72%
• YTD: 13.83%
• 6M: 14.41%
• 1Y: 25.46%
• 3Y*: 13.52%
• 5Y*: —
• 10Y*: —

NVDY

• 1D: 1.27%
• 1M: 7.84%
• YTD: 14.49%
• 6M: 17.01%
• 1Y: 47.85%
• 3Y*: 55.07%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVIE vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVIE Avantis Inflation Focused Equity ETF	13.83%	11.37%	6.17%	8.18%
NVDY YieldMax NVDA Option Income Strategy ETF	14.49%	27.38%	114.23%	42.02%

Correlation

The correlation between AVIE and NVDY is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.05

The correlation between AVIE and NVDY shifts across timeframes, from -0.11 (1 year) to 0.05 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

AVIE vs. NVDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVIE

AVIE Risk / Return Rank: 83
AVIE Sharpe Ratio Rank: 81
AVIE Sortino Ratio Rank: 84
AVIE Omega Ratio Rank: 78
AVIE Calmar Ratio Rank: 88
AVIE Martin Ratio Rank: 81

NVDY

NVDY Risk / Return Rank: 56
NVDY Sharpe Ratio Rank: 52
NVDY Sortino Ratio Rank: 48
NVDY Omega Ratio Rank: 48
NVDY Calmar Ratio Rank: 76
NVDY Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVIE vs. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Inflation Focused Equity ETF (AVIE) 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.

	AVIE	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.76	+0.83
Sortino ratio: Return per unit of downside risk	3.72	2.34	+1.38
Omega ratio: Gain probability vs. loss probability	1.46	1.29	+0.16
Calmar ratio: Return relative to maximum drawdown	5.15	3.75	+1.39
Martin ratio: Return relative to average drawdown	15.80	9.22	+6.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVIE vs. NVDY - Sharpe Ratio Comparison

The current AVIE Sharpe Ratio is 2.59, which is higher than the NVDY Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of AVIE and NVDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVIE	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	1.76	+0.83
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	1.65	-0.58

Drawdowns

AVIE vs. NVDY - Drawdown Comparison

The maximum AVIE drawdown since its inception was -12.39%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for AVIE and NVDY.

Drawdown Indicators

	AVIE	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-34.08%	+21.69%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-12.81%	+7.84%
Max Drawdown (3Y) Largest decline over 3 years	-12.39%	-34.08%	+21.69%
Current Drawdown Current decline from peak	-0.46%	-5.47%	+5.01%
Average Drawdown Average peak-to-trough decline	-3.03%	-6.15%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	5.21%	-3.59%

Volatility

AVIE vs. NVDY - Volatility Comparison

The current volatility for Avantis Inflation Focused Equity ETF (AVIE) is 3.16%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.43%. This indicates that AVIE 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.

Volatility by Period

	AVIE	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	9.43%	-6.27%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	20.71%	-13.51%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	27.33%	-17.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.94%	38.22%	-25.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.94%	38.22%	-25.28%

AVIE vs. NVDY - Expense Ratio Comparison

AVIE has a 0.25% expense ratio, which is lower than NVDY's 0.99% expense ratio.

Dividends

AVIE vs. NVDY - Dividend Comparison

AVIE's dividend yield for the trailing twelve months is around 1.44%, less than NVDY's 62.14% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.44%	1.75%	1.89%	3.72%	0.39%
NVDY YieldMax NVDA Option Income Strategy ETF	62.14%	83.10%	83.65%	22.32%	0.00%

Frequently Asked Questions

Can I hold both AVIE and NVDY in my portfolio?

AVIE and NVDY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVIE or NVDY?

NVDY has higher volatility (9.43%) compared to AVIE (3.16%). In terms of maximum drawdown, AVIE dropped -12.39% vs NVDY's -34.08%.

Which ETF is better, AVIE or NVDY?

On 3-year performance, NVDY leads with 55.07% vs 13.52% for AVIE. On fees, AVIE is cheaper at 0.25% per year. On volatility, AVIE has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVIE or NVDY?

Over the 3-year period, NVDY has performed better with a 55.07% return vs 13.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVIE or NVDY?

AVIE is cheaper with a 0.25% expense ratio, compared with 0.99% for NVDY.

Which ETF pays a higher dividend yield, AVIE or NVDY?

NVDY has the higher dividend yield at 62.14%, compared with 1.44% for AVIE.

What is the main difference between AVIE and NVDY?

AVIE is categorized as Large Cap Blend Equities, while NVDY is Derivative Income. They also come from different issuers: Avantis and YieldMax. Their fees differ too: 0.25% for AVIE and 0.99% for NVDY.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.59 vs 1.76), 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.