CRCO vs. NVDY
CRCO (YieldMax CRCL Option Income Strategy ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. CRCO charges 1.01%/yr vs 0.99%/yr for NVDY.
Performance
CRCO vs. NVDY - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CRCO having a 13.91% return and NVDY slightly higher at 14.49%.
CRCO
- 1D
- 0.68%
- 1M
- -16.10%
- YTD
- 13.91%
- 6M
- 7.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDY
- 1D
- 1.27%
- 1M
- 7.84%
- YTD
- 14.49%
- 6M
- 17.01%
- 1Y
- 47.85%
- 3Y*
- 55.07%
- 5Y*
- —
- 10Y*
- —
CRCO vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | 13.91% | -36.94% |
NVDY YieldMax NVDA Option Income Strategy ETF | 14.49% | 2.19% |
Correlation
The correlation between CRCO and NVDY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.31 |
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Return for Risk
CRCO vs. NVDY — Risk / Return Rank
CRCO
NVDY
CRCO vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CRCL Option Income Strategy ETF (CRCO) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CRCO | NVDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 1.65 | -2.10 |
Drawdowns
CRCO vs. NVDY - Drawdown Comparison
The maximum CRCO drawdown since its inception was -61.75%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for CRCO and NVDY.
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Drawdown Indicators
| CRCO | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -34.08% | -27.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -35.95% | -5.47% | -30.48% |
Average DrawdownAverage peak-to-trough decline | -33.20% | -6.15% | -27.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.21% | — |
Volatility
CRCO vs. NVDY - Volatility Comparison
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Volatility by Period
| CRCO | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 86.40% | 27.33% | +59.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.40% | 38.22% | +48.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.40% | 38.22% | +48.18% |
CRCO vs. NVDY - Expense Ratio Comparison
CRCO has a 1.01% expense ratio, which is higher than NVDY's 0.99% expense ratio.
Dividends
CRCO vs. NVDY - Dividend Comparison
CRCO's dividend yield for the trailing twelve months is around 93.61%, more than NVDY's 62.14% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | 93.61% | 35.79% | 0.00% | 0.00% |
NVDY YieldMax NVDA Option Income Strategy ETF | 62.14% | 83.10% | 83.65% | 22.32% |
Frequently Asked Questions
CRCO and NVDY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDY is cheaper with a 0.99% expense ratio, compared with 1.01% for CRCO.
CRCO has the higher dividend yield at 93.61%, compared with 62.14% for NVDY.
Their fees differ too: 1.01% for CRCO and 0.99% for NVDY.
Find the right allocation for CRCO and NVDY
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