DIVZ vs. NVDY
DIVZ (Opal Dividend Income ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - DIVZ is a Large Cap Value Equities fund actively managed by TrueShares, while NVDY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past 3 years, DIVZ returned 15.03%/yr vs 54.54%/yr for NVDY. At a 0.16 correlation, their price movements are largely independent. DIVZ charges 0.65%/yr vs 0.99%/yr for NVDY.
Performance
DIVZ vs. NVDY - Performance Comparison
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Returns By Period
In the year-to-date period, DIVZ achieves a 3.10% return, which is significantly lower than NVDY's 13.06% return.
DIVZ
- 1D
- -0.26%
- 1M
- -0.16%
- YTD
- 3.10%
- 6M
- 3.41%
- 1Y
- 10.40%
- 3Y*
- 15.03%
- 5Y*
- 8.36%
- 10Y*
- —
NVDY
- 1D
- -2.22%
- 1M
- 5.54%
- YTD
- 13.06%
- 6M
- 17.67%
- 1Y
- 46.64%
- 3Y*
- 54.54%
- 5Y*
- —
- 10Y*
- —
DIVZ vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 3.10% | 16.72% | 18.44% | 4.64% |
NVDY YieldMax NVDA Option Income Strategy ETF | 13.06% | 27.38% | 114.23% | 42.02% |
Correlation
The correlation between DIVZ 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 |
The correlation between DIVZ and NVDY shifts across timeframes, from -0.07 (1 year) to 0.16 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DIVZ vs. NVDY — Risk / Return Rank
DIVZ
NVDY
DIVZ vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) 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.
| DIVZ | NVDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.66 | -1.87 |
| Martin ratioReturn relative to average drawdown | 4.44 | 9.00 | -4.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIVZ | NVDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.72 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 1.64 | -0.75 |
Drawdowns
DIVZ vs. NVDY - Drawdown Comparison
The maximum DIVZ drawdown since its inception was -15.42%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for DIVZ and NVDY.
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Drawdown Indicators
| DIVZ | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -34.08% | +18.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -12.81% | +6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -9.52% | -34.08% | +24.56% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | — | — |
Current DrawdownCurrent decline from peak | -4.50% | -6.66% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -6.15% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 5.20% | -2.85% |
Volatility
DIVZ vs. NVDY - Volatility Comparison
The current volatility for Opal Dividend Income ETF (DIVZ) is 3.33%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.46%. This indicates that DIVZ 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.
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Volatility by Period
| DIVZ | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 9.46% | -6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 20.68% | -13.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 27.35% | -18.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 38.24% | -25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 38.24% | -25.67% |
DIVZ vs. NVDY - Expense Ratio Comparison
DIVZ has a 0.65% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Dividends
DIVZ vs. NVDY - Dividend Comparison
DIVZ's dividend yield for the trailing twelve months is around 2.60%, less than NVDY's 61.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 2.60% | 2.60% | 2.63% | 3.66% | 3.23% | 3.83% |
NVDY YieldMax NVDA Option Income Strategy ETF | 61.36% | 83.10% | 83.65% | 22.32% | 0.00% | 0.00% |
Frequently Asked Questions
DIVZ 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.
NVDY has higher volatility (9.46%) compared to DIVZ (3.33%). In terms of maximum drawdown, DIVZ dropped -15.42% vs NVDY's -34.08%.
On 3-year performance, NVDY leads with 54.54% vs 15.03% for DIVZ. On fees, DIVZ is cheaper at 0.65% per year. On volatility, DIVZ has been the lower-risk option at 3.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVDY has performed better with a 54.54% return vs 15.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVZ is cheaper with a 0.65% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 61.36%, compared with 2.60% for DIVZ.
DIVZ is categorized as Large Cap Value Equities, while NVDY is Derivative Income. They also come from different issuers: TrueShares and YieldMax. Their fees differ too: 0.65% for DIVZ and 0.99% for NVDY.
NVDY currently has the higher Sharpe Ratio (1.72 vs 1.13), 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.
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