EES vs. NVDY

Last updated Jun 4, 2026

EES (WisdomTree U.S. SmallCap Fund) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - EES is a Small Cap Blend Equities fund tracking the WisdomTree U.S. Small Cap Index, while NVDY is a Options Trading fund actively managed by YieldMax. EES is passively managed, while NVDY is actively managed. Over the past 3 years, EES returned 15.30%/yr vs 54.54%/yr for NVDY. At a 0.24 correlation, their price movements are largely independent. EES charges 0.38%/yr vs 0.99%/yr for NVDY.

Performance

EES vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Fund (EES) 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, EES achieves a 12.00% return, which is significantly lower than NVDY's 13.06% return.

EES

• 1D: -1.53%
• 1M: 0.47%
• YTD: 12.00%
• 6M: 11.97%
• 1Y: 29.80%
• 3Y*: 15.30%
• 5Y*: 6.23%
• 10Y*: 10.68%

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)

EES vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EES WisdomTree U.S. SmallCap Fund	12.00%	6.99%	9.86%	23.33%
NVDY YieldMax NVDA Option Income Strategy ETF	13.06%	27.38%	114.23%	42.02%

Correlation

The correlation between EES and NVDY is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.24

Return for Risk

EES vs. NVDY — Risk / Return Rank

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

EES

EES Risk / Return Rank: 57
EES Sharpe Ratio Rank: 49
EES Sortino Ratio Rank: 52
EES Omega Ratio Rank: 48
EES Calmar Ratio Rank: 75
EES Martin Ratio Rank: 62

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.

EES vs. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) 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.

	EES	NVDY	Difference
Sharpe ratio Return per unit of total volatility	1.72	1.72	+0.01
Sortino ratio Return per unit of downside risk	2.51	2.29	+0.22
Omega ratio Gain probability vs. loss probability	1.30	1.29	+0.01
Calmar ratio Return relative to maximum drawdown	3.75	3.66	+0.09
Martin ratio Return relative to average drawdown	11.05	9.00	+2.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EES vs. NVDY - Sharpe Ratio Comparison

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

	EES	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.72	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.64	-1.29

Drawdowns

EES vs. NVDY - Drawdown Comparison

The maximum EES drawdown since its inception was -63.66%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for EES and NVDY.

Drawdown Indicators

	EES	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-63.66%	-34.08%	-29.58%
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	-12.81%	+4.83%
Max Drawdown (3Y) Largest decline over 3 years	-27.15%	-34.08%	+6.93%
Max Drawdown (5Y) Largest decline over 5 years	-27.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.52%	—	—
Current Drawdown Current decline from peak	-1.53%	-6.66%	+5.13%
Average Drawdown Average peak-to-trough decline	-10.37%	-6.15%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	5.20%	-2.50%

Volatility

EES vs. NVDY - Volatility Comparison

The current volatility for WisdomTree U.S. SmallCap Fund (EES) is 4.03%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.46%. This indicates that EES 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

	EES	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	9.46%	-5.43%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	20.68%	-9.34%
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	27.35%	-9.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	38.24%	-16.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.80%	38.24%	-14.44%

EES vs. NVDY - Expense Ratio Comparison

EES has a 0.38% expense ratio, which is lower than NVDY's 0.99% expense ratio.

Dividends

EES vs. NVDY - Dividend Comparison

EES's dividend yield for the trailing twelve months is around 1.12%, less than NVDY's 61.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EES WisdomTree U.S. SmallCap Fund	1.12%	1.29%	1.37%	1.18%	1.12%	1.69%	1.29%	1.31%	1.81%	0.93%	1.02%	1.38%
NVDY YieldMax NVDA Option Income Strategy ETF	61.36%	83.10%	83.65%	22.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EES and NVDY in my portfolio?

EES and NVDY have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EES or NVDY?

NVDY has higher volatility (9.46%) compared to EES (4.03%). In terms of maximum drawdown, EES dropped -63.66% vs NVDY's -34.08%.

Which ETF is better, EES or NVDY?

On 3-year performance, NVDY leads with 54.54% vs 15.30% for EES. On fees, EES is cheaper at 0.38% per year. On volatility, EES has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EES or NVDY?

Over the 3-year period, NVDY has performed better with a 54.54% return vs 15.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EES or NVDY?

EES is cheaper with a 0.38% expense ratio, compared with 0.99% for NVDY.

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

NVDY has the higher dividend yield at 61.36%, compared with 1.12% for EES.

What is the main difference between EES and NVDY?

EES is categorized as Small Cap Blend Equities, while NVDY is Options Trading. They also come from different issuers: WisdomTree and YieldMax. Their fees differ too: 0.38% for EES and 0.99% for NVDY.

Which has better risk-adjusted returns?

EES currently has the higher Sharpe Ratio (1.72 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.