AZYY vs. NVD

Last updated Jun 6, 2026

AZYY (GraniteShares YieldBoost AMZN ETF) and NVD (GraniteShares 2x Short NVDA Daily ETF) are both exchange-traded funds - AZYY is a Derivative Income fund actively managed by GraniteShares, while NVD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.35, they often move in opposite directions. AZYY charges 1.07%/yr vs 1.50%/yr for NVD.

Performance

AZYY vs. NVD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBoost AMZN ETF (AZYY) and GraniteShares 2x Short NVDA Daily ETF (NVD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AZYY achieves a -5.17% return, which is significantly higher than NVD's -29.37% return.

AZYY

• 1D: -0.85%
• 1M: -5.83%
• YTD: -5.17%
• 6M: -3.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVD

• 1D: 12.47%
• 1M: -1.75%
• YTD: -29.37%
• 6M: -33.41%
• 1Y: -65.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AZYY vs. NVD - Yearly Performance Comparison

	2026 (YTD)	2025
AZYY GraniteShares YieldBoost AMZN ETF	-5.17%	-5.33%
NVD GraniteShares 2x Short NVDA Daily ETF	-29.37%	-19.99%

Correlation

The correlation between AZYY and NVD is -0.35, 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 (All Time) Calculated using the full available price history since Sep 17, 2025	-0.35

Return for Risk

AZYY vs. NVD — Risk / Return Rank

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

NVD

NVD Risk / Return Rank: 2
NVD Sharpe Ratio Rank: 2
NVD Sortino Ratio Rank: 1
NVD Omega Ratio Rank: 2
NVD Calmar Ratio Rank: 1
NVD Martin Ratio Rank: 2

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.

AZYY vs. NVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost AMZN ETF (AZYY) and GraniteShares 2x Short NVDA Daily ETF (NVD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AZYY	NVD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	-0.87	+0.23

Drawdowns

AZYY vs. NVD - Drawdown Comparison

The maximum AZYY drawdown since its inception was -23.12%, smaller than the maximum NVD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for AZYY and NVD.

Drawdown Indicators

	AZYY	NVD	Difference
Max Drawdown Largest peak-to-trough decline	-23.12%	-99.26%	+76.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-71.96%	—
Current Drawdown Current decline from peak	-15.06%	-99.05%	+83.99%
Average Drawdown Average peak-to-trough decline	-12.11%	-81.70%	+69.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	48.00%	—

Volatility

Volatility by Period

	AZYY	NVD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.92%	69.67%	-47.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.92%	92.81%	-70.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	92.81%	-70.89%

AZYY vs. NVD - Expense Ratio Comparison

AZYY has a 1.07% expense ratio, which is lower than NVD's 1.50% expense ratio.

Dividends

AZYY vs. NVD - Dividend Comparison

AZYY's dividend yield for the trailing twelve months is around 44.15%, more than NVD's 16.74% yield.

Position	TTM	2025	2024	2023
AZYY GraniteShares YieldBoost AMZN ETF	44.15%	15.86%	0.00%	0.00%
NVD GraniteShares 2x Short NVDA Daily ETF	16.74%	11.83%	8.68%	15.78%

Frequently Asked Questions

Can I hold both AZYY and NVD in my portfolio?

AZYY and NVD have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AZYY or NVD?

On fees, AZYY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AZYY or NVD?

AZYY is cheaper with a 1.07% expense ratio, compared with 1.50% for NVD.

Which ETF pays a higher dividend yield, AZYY or NVD?

AZYY has the higher dividend yield at 44.15%, compared with 16.74% for NVD.

What is the main difference between AZYY and NVD?

AZYY is categorized as Derivative Income, while NVD is Inverse Equities. Their fees differ too: 1.07% for AZYY and 1.50% for NVD.