CBLS vs. NVDY
Compare and contrast key facts about Changebridge Capital Long/Short Equity ETF (CBLS) and YieldMax NVDA Option Income Strategy ETF (NVDY).
CBLS and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBLS is an actively managed fund by Changebridge Capital LLC. It was launched on Nov 13, 2020. 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: CBLS or NVDY.
Correlation
The correlation between CBLS and NVDY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CBLS vs. NVDY - Performance Comparison
Key characteristics
CBLS:
2.02
NVDY:
1.48
CBLS:
2.47
NVDY:
1.99
CBLS:
1.38
NVDY:
1.28
CBLS:
1.35
NVDY:
3.34
CBLS:
7.96
NVDY:
9.08
CBLS:
3.76%
NVDY:
7.80%
CBLS:
14.89%
NVDY:
47.87%
CBLS:
-32.78%
NVDY:
-21.19%
CBLS:
-2.60%
NVDY:
-7.53%
Returns By Period
In the year-to-date period, CBLS achieves a 6.88% return, which is significantly higher than NVDY's -0.22% return.
CBLS
6.88%
-0.33%
10.70%
31.09%
N/A
N/A
NVDY
-0.22%
-1.17%
9.88%
76.32%
N/A
N/A
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CBLS vs. NVDY - Expense Ratio Comparison
CBLS has a 1.95% expense ratio, which is higher than NVDY's 0.99% expense ratio.
Risk-Adjusted Performance
CBLS vs. NVDY — Risk-Adjusted Performance Rank
CBLS
NVDY
CBLS vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Changebridge Capital Long/Short Equity ETF (CBLS) 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
CBLS vs. NVDY - Dividend Comparison
CBLS's dividend yield for the trailing twelve months is around 0.69%, less than NVDY's 88.90% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CBLS Changebridge Capital Long/Short Equity ETF | 0.69% | 0.73% | 0.44% |
NVDY YieldMax NVDA Option Income Strategy ETF | 88.90% | 83.65% | 22.32% |
Drawdowns
CBLS vs. NVDY - Drawdown Comparison
The maximum CBLS drawdown since its inception was -32.78%, which is greater than NVDY's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for CBLS and NVDY. For additional features, visit the drawdowns tool.
Volatility
CBLS vs. NVDY - Volatility Comparison
The current volatility for Changebridge Capital Long/Short Equity ETF (CBLS) is 8.55%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 22.60%. This indicates that CBLS 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.