FBYY vs. NVD
FBYY (GraniteShares YieldBoost META ETF) and NVD (GraniteShares 2x Short NVDA Daily ETF) are both exchange-traded funds - FBYY is a Derivative Income fund actively managed by GraniteShares, while NVD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. Their -0.42 correlation means they have often moved in opposite directions in the past. FBYY charges 1.07%/yr vs 1.50%/yr for NVD.
Performance
FBYY vs. NVD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FBYY having a -30.28% return and NVD slightly higher at -30.21%.
FBYY
- 1D
- 0.02%
- 1M
- -6.21%
- 6M
- -28.55%
- YTD
- -30.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NVD
- 1D
- -5.85%
- 1M
- -9.27%
- 6M
- -25.85%
- YTD
- -30.21%
- 1Y
- -45.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -78.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.18K | $10.40K | $13.97K | |
| $448.34M | $392.73M | $345.88M |
FBYY vs. NVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBYY GraniteShares YieldBoost META ETF | -30.28% | -11.29% |
NVD GraniteShares 2x Short NVDA Daily ETF | -30.21% | -10.24% |
Correlation
The correlation between FBYY and NVD is -0.42, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | -0.42 |
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Return for Risk
FBYY vs. NVD — Risk / Return Rank
FBYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVD
FBYY vs. NVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost META ETF (FBYY) and GraniteShares 2x Short NVDA Daily ETF (NVD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBYY | NVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.94 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.72 | — |
| Martin ratioReturn relative to average drawdown | — | -1.30 | — |
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Drawdowns
FBYY vs. NVD - Drawdown Comparison
The maximum FBYY drawdown since its inception was -41.00%, smaller than the maximum NVD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for FBYY and NVD.
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Drawdown Indicators
| FBYY | NVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.00% | -99.26% | +58.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -59.80% | — |
Current DrawdownCurrent decline from peak | -40.99% | -99.06% | +58.07% |
Average DrawdownAverage peak-to-trough decline | -25.60% | -82.49% | +56.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.25% | — |
Volatility
FBYY vs. NVD - Volatility Comparison
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Volatility by Period
| FBYY | NVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 57.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.23% | 73.16% | -49.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.23% | 92.05% | -68.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.23% | 92.05% | -68.82% |
FBYY vs. NVD - Expense Ratio Comparison
FBYY has a 1.07% expense ratio, which is lower than NVD's 1.50% expense ratio.
Dividends
FBYY vs. NVD - Dividend Comparison
FBYY's dividend yield for the trailing twelve months is around 54.90%, more than NVD's 16.95% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBYY GraniteShares YieldBoost META ETF | 54.90% | 10.35% | 0.00% | 0.00% |
NVD GraniteShares 2x Short NVDA Daily ETF | 16.95% | 11.83% | 8.68% | 15.78% |
Frequently Asked Questions
FBYY and NVD have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FBYY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBYY is cheaper with a 1.07% expense ratio, compared with 1.50% for NVD.
FBYY has the higher dividend yield at 54.90%, compared with 16.95% for NVD.
FBYY is categorized as Derivative Income, while NVD is Inverse Equities. Their fees differ too: 1.07% for FBYY and 1.50% for NVD.
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