GOOP vs. NVDY
Compare and contrast key facts about Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and YieldMax NVDA Option Income Strategy ETF (NVDY).
GOOP and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOOP is an actively managed fund by Kurv. It was launched on Oct 30, 2023. NVDY is an actively managed fund by Tidal. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOP or NVDY.
Key characteristics
| GOOP | NVDY | |
|---|---|---|
| YTD Return | 11.27% | 85.68% |
| Daily Std Dev | 19.57% | 42.30% |
| Max Drawdown | -19.16% | -21.19% |
| Current Drawdown | -13.58% | -10.95% |
Correlation
The correlation between GOOP and NVDY is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOOP vs. NVDY - Performance Comparison
In the year-to-date period, GOOP achieves a 11.27% return, which is significantly lower than NVDY's 85.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GOOP vs. NVDY - Expense Ratio Comparison
Both GOOP and NVDY have an expense ratio of 0.99%.
Risk-Adjusted Performance
GOOP vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) 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.
Not enough dataDividends
GOOP vs. NVDY - Dividend Comparison
GOOP's dividend yield for the trailing twelve months is around 11.02%, less than NVDY's 77.36% yield.
| TTM | 2023 | |
|---|---|---|
GOOP Kurv Yield Premium Strategy Google (GOOGL) ETF | 11.02% | 2.06% |
NVDY YieldMax NVDA Option Income Strategy ETF | 77.36% | 22.32% |
Drawdowns
GOOP vs. NVDY - Drawdown Comparison
The maximum GOOP drawdown since its inception was -19.16%, smaller than the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for GOOP and NVDY. For additional features, visit the drawdowns tool.
Volatility
GOOP vs. NVDY - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) is 7.02%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 12.81%. This indicates that GOOP 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.