DIVG vs. NVDY

Last updated Jun 4, 2026

DIVG (Invesco S&P 500 High Dividend Growers ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - DIVG is a S&P 500 fund tracking the S&P 500 High Dividend Growth Index - Benchmark TR Gross, while NVDY is a Derivative Income fund actively managed by YieldMax. DIVG is passively managed, while NVDY is actively managed. Over the past year, DIVG returned 20.94% vs 46.64% for NVDY. At a 0.08 correlation, their price movements are largely independent. DIVG charges 0.39%/yr vs 0.99%/yr for NVDY.

Performance

DIVG vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 High Dividend Growers ETF (DIVG) 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, DIVG achieves a 10.58% return, which is significantly lower than NVDY's 13.06% return.

DIVG

• 1D: -0.63%
• 1M: 0.59%
• YTD: 10.58%
• 6M: 10.78%
• 1Y: 20.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDY

• 1D: -2.22%
• 1M: 5.54%
• YTD: 13.06%
• 6M: 17.67%
• 1Y: 46.64%
• 3Y*: 54.54%
• 5Y*: —
• 10Y*: —

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

DIVG vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DIVG Invesco S&P 500 High Dividend Growers ETF	10.58%	11.31%	16.60%	5.71%
NVDY YieldMax NVDA Option Income Strategy ETF	13.06%	27.38%	114.23%	9.42%

Correlation

The correlation between DIVG and NVDY is -0.05, 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	-0.05
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	0.08

The correlation between DIVG and NVDY shifts across timeframes, from -0.05 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DIVG vs. NVDY — Risk / Return Rank

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

DIVG

DIVG Risk / Return Rank: 65
DIVG Sharpe Ratio Rank: 58
DIVG Sortino Ratio Rank: 61
DIVG Omega Ratio Rank: 54
DIVG Calmar Ratio Rank: 79
DIVG Martin Ratio Rank: 70

NVDY

NVDY Risk / Return Rank: 52
NVDY Sharpe Ratio Rank: 49
NVDY Sortino Ratio Rank: 45
NVDY Omega Ratio Rank: 44
NVDY Calmar Ratio Rank: 72
NVDY Martin Ratio Rank: 52

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.

DIVG vs. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Growers ETF (DIVG) 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.

	DIVG	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.72	+0.26
Sortino ratio: Return per unit of downside risk	2.90	2.29	+0.61
Omega ratio: Gain probability vs. loss probability	1.34	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	4.10	3.66	+0.45
Martin ratio: Return relative to average drawdown	13.12	9.00	+4.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVG vs. NVDY - Sharpe Ratio Comparison

The current DIVG Sharpe Ratio is 1.97, which is comparable to the NVDY Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of DIVG 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

	DIVG	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	1.72	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	1.64	-0.24

Drawdowns

DIVG vs. NVDY - Drawdown Comparison

The maximum DIVG drawdown since its inception was -14.95%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for DIVG and NVDY.

Drawdown Indicators

	DIVG	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-34.08%	+19.13%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-12.81%	+7.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	-1.20%	-6.66%	+5.46%
Average Drawdown Average peak-to-trough decline	-2.29%	-6.15%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	5.20%	-3.60%

Volatility

DIVG vs. NVDY - Volatility Comparison

The current volatility for Invesco S&P 500 High Dividend Growers ETF (DIVG) is 2.53%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.46%. This indicates that DIVG 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

	DIVG	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	9.46%	-6.93%
Volatility (6M) Calculated over the trailing 6-month period	7.33%	20.68%	-13.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	27.35%	-16.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	38.24%	-25.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.19%	38.24%	-25.05%

DIVG vs. NVDY - Expense Ratio Comparison

DIVG has a 0.39% expense ratio, which is lower than NVDY's 0.99% expense ratio.

Dividends

DIVG vs. NVDY - Dividend Comparison

DIVG's dividend yield for the trailing twelve months is around 3.10%, less than NVDY's 61.36% yield.

Position	TTM	2025	2024	2023
DIVG Invesco S&P 500 High Dividend Growers ETF	3.10%	3.15%	4.08%	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	61.36%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both DIVG and NVDY in my portfolio?

DIVG and NVDY have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVG or NVDY?

NVDY has higher volatility (9.46%) compared to DIVG (2.53%). In terms of maximum drawdown, DIVG dropped -14.95% vs NVDY's -34.08%.

Which ETF is better, DIVG or NVDY?

On 1-year performance, NVDY leads with 46.64% vs 20.94% for DIVG. On fees, DIVG is cheaper at 0.39% per year. On volatility, DIVG has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVG or NVDY?

Over the 1-year period, NVDY has performed better with a 46.64% return vs 20.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVG or NVDY?

DIVG is cheaper with a 0.39% expense ratio, compared with 0.99% for NVDY.

Which ETF pays a higher dividend yield, DIVG or NVDY?

NVDY has the higher dividend yield at 61.36%, compared with 3.10% for DIVG.

What is the main difference between DIVG and NVDY?

DIVG is categorized as S&P 500, while NVDY is Derivative Income. They also come from different issuers: Invesco and YieldMax. Their fees differ too: 0.39% for DIVG and 0.99% for NVDY.

Which has better risk-adjusted returns?

DIVG currently has the higher Sharpe Ratio (1.97 vs 1.72), 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.