FEAT vs. NVDY

Last updated Jun 4, 2026

FEAT (YieldMax Dorsey Wright Featured 5 Income ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both Derivative Income funds from YieldMax. FEAT is passively managed, while NVDY is actively managed. Over the past year, FEAT returned -8.68% vs 46.64% for NVDY. A 0.56 correlation means they provide meaningful diversification when combined. FEAT charges 1.28%/yr vs 0.99%/yr for NVDY.

Performance

FEAT vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) 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, FEAT achieves a -6.90% return, which is significantly lower than NVDY's 13.06% return.

FEAT

• 1D: -1.95%
• 1M: -1.13%
• YTD: -6.90%
• 6M: -9.68%
• 1Y: -8.68%
• 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)

FEAT vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	-6.90%	-4.21%	-9.09%
NVDY YieldMax NVDA Option Income Strategy ETF	13.06%	27.38%	2.86%

Correlation

The correlation between FEAT and NVDY is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.56

The correlation between FEAT and NVDY has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

Return for Risk

FEAT vs. NVDY — Risk / Return Rank

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

FEAT

FEAT Risk / Return Rank: 6
FEAT Sharpe Ratio Rank: 6
FEAT Sortino Ratio Rank: 6
FEAT Omega Ratio Rank: 6
FEAT Calmar Ratio Rank: 6
FEAT Martin Ratio Rank: 6

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.

FEAT vs. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) 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.

	FEAT	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	1.72	-2.03
Sortino ratio: Return per unit of downside risk	-0.24	2.29	-2.53
Omega ratio: Gain probability vs. loss probability	0.97	1.29	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.28	3.66	-3.93
Martin ratio: Return relative to average drawdown	-0.56	9.00	-9.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEAT vs. NVDY - Sharpe Ratio Comparison

The current FEAT Sharpe Ratio is -0.31, which is lower than the NVDY Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of FEAT 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

	FEAT	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	1.72	-2.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	1.64	-2.08

Drawdowns

FEAT vs. NVDY - Drawdown Comparison

The maximum FEAT drawdown since its inception was -31.68%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for FEAT and NVDY.

Drawdown Indicators

	FEAT	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-34.08%	+2.40%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-12.81%	-18.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	-20.14%	-6.66%	-13.48%
Average Drawdown Average peak-to-trough decline	-13.20%	-6.15%	-7.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.65%	5.20%	+10.45%

Volatility

FEAT vs. NVDY - Volatility Comparison

The current volatility for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) is 6.90%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.46%. This indicates that FEAT 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

	FEAT	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	9.46%	-2.56%
Volatility (6M) Calculated over the trailing 6-month period	19.55%	20.68%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	27.94%	27.35%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.33%	38.24%	-7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.33%	38.24%	-7.91%

FEAT vs. NVDY - Expense Ratio Comparison

FEAT has a 1.28% expense ratio, which is higher than NVDY's 0.99% expense ratio.

Dividends

FEAT vs. NVDY - Dividend Comparison

FEAT's dividend yield for the trailing twelve months is around 89.83%, more than NVDY's 61.36% yield.

Position	TTM	2025	2024	2023
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	89.83%	76.35%	0.00%	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	61.36%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both FEAT and NVDY in my portfolio?

FEAT and NVDY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEAT or NVDY?

NVDY has higher volatility (9.46%) compared to FEAT (6.90%). In terms of maximum drawdown, FEAT dropped -31.68% vs NVDY's -34.08%.

Which ETF is better, FEAT or NVDY?

On 1-year performance, NVDY leads with 46.64% vs -8.68% for FEAT. On fees, NVDY is cheaper at 0.99% per year. On volatility, FEAT has been the lower-risk option at 6.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEAT or NVDY?

Over the 1-year period, NVDY has performed better with a 46.64% return vs -8.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEAT or NVDY?

NVDY is cheaper with a 0.99% expense ratio, compared with 1.28% for FEAT.

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

FEAT has the higher dividend yield at 89.83%, compared with 61.36% for NVDY.

What is the main difference between FEAT and NVDY?

Their fees differ too: 1.28% for FEAT and 0.99% for NVDY.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.72 vs -0.31), 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.