BXMT vs. NVDY

Last updated Jun 5, 2026

BXMT (Blackstone Mortgage Trust, Inc.) is a stock, while NVDY (YieldMax NVDA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past 3 years, BXMT returned 10.99%/yr vs 55.07%/yr for NVDY. At a 0.16 correlation, their price movements are largely independent.

Performance

BXMT vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Mortgage Trust, Inc. (BXMT) and YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BXMT achieves a -1.14% return, which is significantly lower than NVDY's 14.49% return.

BXMT

• 1D: 2.44%
• 1M: -3.50%
• YTD: -1.14%
• 6M: -1.51%
• 1Y: 8.56%
• 3Y*: 10.99%
• 5Y*: -1.12%
• 10Y*: 5.06%

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)

BXMT vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BXMT Blackstone Mortgage Trust, Inc.	-1.14%	21.13%	-7.90%	33.83%
NVDY YieldMax NVDA Option Income Strategy ETF	14.49%	27.38%	114.23%	42.02%

Correlation

The correlation between BXMT and NVDY is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.16

Return for Risk

BXMT vs. NVDY — Risk / Return Rank

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

BXMT

BXMT Risk / Return Rank: 53
BXMT Sharpe Ratio Rank: 55
BXMT Sortino Ratio Rank: 47
BXMT Omega Ratio Rank: 46
BXMT Calmar Ratio Rank: 57
BXMT Martin Ratio Rank: 58

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.

BXMT vs. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Mortgage Trust, Inc. (BXMT) 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.

	BXMT	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	0.40	1.76	-1.36
Sortino ratio: Return per unit of downside risk	0.70	2.34	-1.64
Omega ratio: Gain probability vs. loss probability	1.08	1.29	-0.21
Calmar ratio: Return relative to maximum drawdown	0.72	3.75	-3.04
Martin ratio: Return relative to average drawdown	1.68	9.22	-7.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BXMT vs. NVDY - Sharpe Ratio Comparison

The current BXMT Sharpe Ratio is 0.40, which is lower than the NVDY Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of BXMT 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

	BXMT	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	1.76	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	1.65	-1.57

Drawdowns

BXMT vs. NVDY - Drawdown Comparison

The maximum BXMT drawdown since its inception was -97.98%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for BXMT and NVDY.

Drawdown Indicators

	BXMT	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-97.98%	-34.08%	-63.90%
Max Drawdown (1Y) Largest decline over 1 year	-12.02%	-12.81%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	-23.29%	-34.08%	+10.79%
Max Drawdown (5Y) Largest decline over 5 years	-43.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.86%	—	—
Current Drawdown Current decline from peak	-33.64%	-5.47%	-28.17%
Average Drawdown Average peak-to-trough decline	-49.07%	-6.15%	-42.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	5.21%	-0.10%

Volatility

BXMT vs. NVDY - Volatility Comparison

The current volatility for Blackstone Mortgage Trust, Inc. (BXMT) is 7.68%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.43%. This indicates that BXMT 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

	BXMT	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	9.43%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	16.61%	20.71%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	21.60%	27.33%	-5.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.74%	38.22%	-10.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.61%	38.22%	-5.61%

Dividends

BXMT vs. NVDY - Dividend Comparison

BXMT's dividend yield for the trailing twelve months is around 10.19%, less than NVDY's 62.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BXMT Blackstone Mortgage Trust, Inc.	10.19%	9.83%	12.52%	11.66%	11.71%	8.10%	9.01%	6.66%	7.78%	7.71%	8.25%	8.52%
NVDY YieldMax NVDA Option Income Strategy ETF	62.14%	83.10%	83.65%	22.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BXMT and NVDY in my portfolio?

BXMT and NVDY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BXMT or NVDY?

NVDY has higher volatility (9.43%) compared to BXMT (7.68%). In terms of maximum drawdown, BXMT dropped -97.98% vs NVDY's -34.08%.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.76 vs 0.40), 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.