CVNY vs. IPDP

Last updated Jun 5, 2026

CVNY (YieldMax CVNA Option Income Strategy ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. CVNY charges 0.99%/yr vs 1.52%/yr for IPDP.

Performance

CVNY vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax CVNA Option Income Strategy ETF (CVNY) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVNY

• 1D: 3.85%
• 1M: -11.51%
• YTD: -18.76%
• 6M: -14.07%
• 1Y: -2.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVNY vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
CVNY YieldMax CVNA Option Income Strategy ETF	-13.17%
IPDP Dividend Performers ETF	0.00%

Return for Risk

CVNY vs. IPDP — Risk / Return Rank

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

CVNY

CVNY Risk / Return Rank: 9
CVNY Sharpe Ratio Rank: 9
CVNY Sortino Ratio Rank: 10
CVNY Omega Ratio Rank: 11
CVNY Calmar Ratio Rank: 8
CVNY Martin Ratio Rank: 8

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.

CVNY vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax CVNA Option Income Strategy ETF (CVNY) and Dividend Performers ETF (IPDP). 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.

	CVNY	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	—	—
Sortino ratio: Return per unit of downside risk	0.27	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	-0.07	—	—
Martin ratio: Return relative to average drawdown	-0.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CVNY	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	—	—

Drawdowns

CVNY vs. IPDP - Drawdown Comparison

The maximum CVNY drawdown since its inception was -43.27%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CVNY and IPDP.

Drawdown Indicators

	CVNY	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-43.27%	0.00%	-43.27%
Max Drawdown (1Y) Largest decline over 1 year	-36.27%	—	—
Current Drawdown Current decline from peak	-26.89%	0.00%	-26.89%
Average Drawdown Average peak-to-trough decline	-13.47%	0.00%	-13.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.02%	—	—

Volatility

Volatility by Period

	CVNY	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	49.51%	0.00%	+49.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.27%	0.00%	+58.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.27%	0.00%	+58.27%

CVNY vs. IPDP - Expense Ratio Comparison

CVNY has a 0.99% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

CVNY vs. IPDP - Dividend Comparison

CVNY's dividend yield for the trailing twelve months is around 108.47%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
CVNY YieldMax CVNA Option Income Strategy ETF	108.47%	80.86%
IPDP Dividend Performers ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CVNY or IPDP?

On fees, CVNY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CVNY or IPDP?

CVNY is cheaper with a 0.99% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, CVNY or IPDP?

CVNY has the higher dividend yield at 108.47%, compared with 0.00% for IPDP.

What is the main difference between CVNY and IPDP?

They also come from different issuers: YieldMax and Innovative Portfolios. Their fees differ too: 0.99% for CVNY and 1.52% for IPDP.